Equiniti Group plc Strengths, Domain Expertise, and Key Differentiators
In 2019, they made a technical separation to allow realisation of operating synergies which are being delivered in line with expectations, and provide the foundation to scale operations to support growth. All business functions are now administered on Equiniti’s infrastructure and systems in Minneapolis, Milwaukee, Chicago and New York, and EQ US’s clients and customers will benefit from the latest web and mobile-optimised portals for both issuers and shareowners.
In 2018, the acquisition of Wells Fargo’s share registration business positions Equiniti for growth in the world’s deepest capital market, enhancing the opportunities for cross-selling to new and existing clients and providing an opportunity to gain a greater share of the share registration and employee plans market in the United States.
Equiniti Group plc Recent Developments
In August 2021, EQ ICS has launched EQ Cube, a public sector case management software aimed at meeting the needs of non-departmental Government bodies to streamline operations, reduce costs and improve services. Built with modular blocks, EQ Cube is configurable straight off-the-shelf, allowing organisations to align the platform to their needs and change modules to suit specific organisational requirements.
In 2020, EQ US introduced a new portal designed and built by the UK Intelligent Solutions division to service private M&A transactions. The new product introduction to the client base has seen real success. EQ US launched four new products in 2019 and those products have been sold into 70 clients, 29 of which were new client wins.
The business has also recruited industry experts to support both its proxy, asset reunification, and equity compensation businesses. The equity compensation business launched in the year has also been sold to clients including Dorman Products and Johnson Outdoors. As well as offering equity compensation services for US corporates, the business has won work with UK-listed companies who want to offer a share save-style plan to their US employees.
Equiniti Group during 2019, it Intelligent Solutions unit launched the EQ Insider platform as part of its data services offering. This technology enables clients to administer Persons Discharging Managerial Responsibilities dealing, and has now been cross-sold to J Sainsbury and a number of other share registration clients. The division also launched an employee verification tool, Checksafe, during the year. Other investments included enabling some of its platforms to be offered as software-as-a-service. This will result in a shorter sales cycle, faster deployment and increased revenue visibility.
Equiniti Group plc Mergers and Acquisitions (M&A) Activities
On 19 February 2020, the Group purchased the entire issued share capital of Monidee B.V. (Monidee) for a cash consideration of £3.4m (€4.0m) plus deferred consideration of £3.4m (€4.0m) payable in 2021. Monidee is a highly complementary share plans business that currently services more than 200,000 employees across 210 corporate clients in 50 countries.
In 2018, Equiniti acquired Aquila, a UK-based life and pensions technology provider for pension schemes and large insurance companies. The Aquila proprietary platform ‘Administrator’, supports propositions in workplace savings, bulk purchase annuities and heritage transformation. Aquila will enhance EQPaymaster’s technology and services to the insurance market and broader financial services space, alongside our existing capability. I look forward to offering an enhanced combination of technology and services to our new and existing clients and building upon Aquila’s investment in the proprietary ‘Administrator’ platform.
Equiniti Group plc Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Equiniti Group plc applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Equiniti Group plc and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified EQ Compendia, EQ Charter, EQ Administrator, EQ Centive, EQ Ice.net, EQ Passport, EQ Riskfactor customers.
Equiniti Group plc Overview
Ownership: - EQN (LON)
Number of Employees: 5288
Key Verticals: Automotive, Banking and Financial Services, Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K555, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Life Insurance, P&C Insurance, Specialty Insurance, Leisure and Recreation, Hospitality, Life Sciences, Manufacturing, Media, Faith-Based Nonprofit, Youth and Elderly Care, Special Cause Nonprofit, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Equiniti Group plc Key Enterprise and Cloud Applications
EQ Compendia, EQ Charter, EQ Administrator, EQ Centive, EQ Ice.net, EQ Passport, EQ Riskfactor
Equiniti Group plc Revenues, $M:
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* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Equiniti Group plc Revenue Breakdown By Type, $M:
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Equiniti Group plc Enterprise Applications Revenues By Functional Markets, $M:
Equiniti Group plc Enterprise Applications Revenues By Verticals, $M:
Equiniti Group plc Revenues By Region, $M
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Equiniti Group plc Direct vs Indirect sales
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Equiniti Group plc Customers - Breakdown by Geo, Size, Vertical and Product
No. of Equiniti Group plc Customers: 3000
No. of Equiniti Group plc Enterprise Applications Customers: x
No. of Equiniti Group plc Cloud Customers: x
No. of Equiniti Group plc Cloud Subscribers: 36 million
In 2019, Equiniti Group made retention of all clients with key renewals including Comcast, Hewlett Packard, and Proctor & Gamble, with strong service underpinning recurring revenues. Also in 2019, had several new client wins including Cincinnati Financial, Change Healthcare, and Listo Solutions with material competitive bids underway for 2020.
During the whole 2019, continued strong client retention and new wins across all UK divisions with share registration renewals including Associated British Foods, Centrica, and RSA Group, more new share registrations commenced than in any prior period including AFI Development, Deltex Medical, Marshalls, National Grid, Petrofac, Vitec Group and WM Morrison, new IPO mandates including DWF, Trainline, and Watches of Switzerland with several mandates for early 2020.
Equiniti Group had new client wins in Intelligent Solutions for both software and services including Bamboo Finance, Roland Berger, and J Sainsbury.
Also, Equiniti Group pleased to progress in Pension Solutions with revenue stabilized and renewed or extended relationships including Aviva, Fidelity, and HP, and new clients win including a 10-year contract to provide outsourced administration to an international reinsurance company, a software licence sale to The Sovereign Group and a large calculation automation project with Diligenta.
Equiniti Group plc Market Opportunities, M&A and Geo Expansions
In July 2021, EQ (Equiniti) was appointed as pensions administration software provider to Royal Mail’s Collective Pension Plan (CPP). Collective Defined Contribution schemes offer UK employers a viable and attractive solution to traditional DB and DC schemes, one where contributions are fixed for both employers and employees and risk is shared across members.
During 2019, the Equiniti Group pension division introduced the latest automation technology for two clients won in 2018, giving it a benchmark to provide similar automation for other clients. It has also invested to deploy existing technology to more clients. In particular, Pension Solutions has deployed its market-leading self-service capability to several pension schemes, as part of its commitment to evolving its service. It has also strengthened its technology development and testing capabilities in Chennai and in the new Krakow centre.
The equity compensation business launched in the year has also been sold to clients including Dorman Products and Johnson Outdoors. As well as offering equity compensation services for US corporates, the business has won work with UK-listed companies who want to offer a share save-style plan to their US employees.
Equiniti Group plc Risks and Challenges
On 15 April 2020, the Group sold its Equiniti 360 business to Premier IT Partnership Limited, for consideration of £0.1m. Up until its sale, Equiniti 360 was part of the Group’s EQ Digital division.On 2 December 2020, the Group sold its HR and payroll business (HR Solutions) to Civica UK Limited, for consideration of £13.2m. Up until its sale, HR Solutions was part of the Group’s EQ Paymaster division. On 31 December 2020, the Group sold its Charter Systems business to Northgate Public Services (UK) Limited,for consideration of £1.9m. Up until its sale, Charter Systems was part of the Group’s EQ Digital division.
In 2020, Equiniti rebrands as EQ. The new label, EQ, aligns the company’s branding with its three core divisions: EQ Paymaster, EQ Boardroom, and EQ Digital; alongside the US division, EQ U.S.
Equiniti Group plc Ecosystem, Partners, Resellers and SI
In April 2021, Equiniti Services and TAINA Technology jointly announced a new collaboration to provide an end-to-end tax operations solution. EQ U.S., part of Equiniti Group plc, will join with TAINA to extend their support to companies for back-office tax operations.
In 2019, Equiniti Group established a nearshore technology center in Krakow, Poland, accelerating the development of web and mobile applications. Also, was launched a second offshore operations and technology center in Bangalore, India, to increase operational resilience and scale. An addition, Equiniti Group for creating scale for further growth launched new operating capacity with extra facilities in Milwaukee, Wisconsin.
Equiniti Group plc Cloud Infrastructure Insights
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Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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