Shareholder Representative Services, LLC (SRS) today announced that it has been appointed as the representative of the former stockholders of Avvenu, Inc. following the company's recent acquisition by Nokia Inc. SRS serves as a professional representative of the stockholders following the closing of merger or acquisition transactions in connection with managing claims by buyers for damages related to breaches of representations or warranties, communicating with the escrow agent and other parties to the transaction, and any other matters that may arise following closing.
Denver, CO (PRWEB) December 18, 2007 -- Shareholder Representative Services, LLC (SRS) today announced that it has been appointed as the representative of the former stockholders of Avvenu, Inc. following the company's recent acquisition by Nokia Inc. Avvenu's selling stockholders include Charles River Ventures and Worldview Technology Partners.
"When we learned about SRS, we were intrigued by their value proposition," said Jim Strawbridge, General Partner & Chief Operating Officer, Worldview Technology Partners. "They were brought in late in the process shortly before signing of the agreements, and we were impressed by SRS' responsiveness and their ability to meet our tight deadline."
"Outsourcing the shareholder rep function to SRS post closing was a no-brainer", adds Bill Tai, General Partner, Charles River Ventures. "SRS has the team with the proper expertise to professionally manage all post-closing matters related to the escrow, and any claims or disputes which may arise, which allows us to focus on our core business of making new investments and building value in our ongoing portfolio."
SRS serves as a professional representative of the stockholders following the closing of merger or acquisition transactions in connection with managing claims by buyers for damages related to breaches of representations or warranties, communicating with the escrow agent and other parties to the transaction, and any other matters that may arise following closing.
"Responsiveness is one of the most essential services a shareholder rep can perform", said Paul Koenig, Managing Director, SRS. "Our attention to responsiveness commences at inception of the engagement -- SRS can quickly integrate itself into the merger process at the eleventh hour -- and continues until the expiration of all obligations under the merger agreement."
For more information about Shareholder Representative Services, visit our website at www.shareholderrep.com.
About Shareholder Representative Services
Headquartered in Denver and with offices in Silicon Valley, SRS provides professional shareholder representation services following the closing of an M&A transaction. As shareholder representative, SRS manages the entire post-closing process including the management of escrows, earn-out negotiations, the handling of claims, disputes and litigation, communications with the acquirer, and, ultimately, distribution of escrow funds. By engaging SRS, investors are able to focus on their core competencies - identifying the next deal and managing the rest of their portfolio - rather than being distracted by the administrative burdens and legal and financial risks that may inure to the shareholder representative. The professionals at SRS have the expertise to simplify the post-closing process for the investors and to maximize return of sale proceeds to shareholders.
Contact:
Mark Vogel
Managing Director
Shareholder Representative Services, LLC
Phone: 650.648.9551
E-mail: pr @ shareholderrep.com
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