White Paper

Solving for Administrative Inefficiencies in M&A

May 20, 2014

Inefficiencies cost merger parties countless hours and billions of dollars each year. We’re solving this with new services that make closing M&A transactions faster and simpler, with better economics. The hidden costs exceed $5 billion.

$4.9B — Slow Payments. Delays in payments cost the M&A industry an aggregate $800M daily.

$100M — Paper. Letters of transmittal, merger documents and stock certificates are printed, copied, and mailed back and forth. This process is costly and error-prone.

$26M — Payment Fees. ACH payments are a fraction of the cost of checks or wires, yet, rarely used.

$340M — Poorly Invested Escrows. The average escrow interest rate is only .03%. Yet, each basis point of additional yield is worth $22.5M annually. There are options.

New services are eliminating these inefficiencies. Our online payments platform means shareholders confirm holdings and submit everything in just a few clicks. It’s fast; 84% of merger consideration is paid within 24 hours after the letter of transmittal is verified. A variety of electronic payment options make the process even more inexpensive and efficient. In addition, SRS Acquiom distributes escrow solutions from top-tier financial institutions that streamline process and offer the potential for higher yields.
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About the Author

Mark Vogel

Executive Chairman

415.373.4020

Mark is a serial entrepreneur and accomplished business executive who co-founded SRS Acquiom. He is responsible for the Company’s corporate development which includes strategy, innovation and risk management. Mark also oversees the development and evolution of our product and service offerings. Before SRS Acquiom, Mark was a founder of three venture-backed start-ups in Internet and network-based data management and embedded/intelligent device software technology. Prior to these start-ups, Mark spent over 20 years in financial services, principally at Bank of America. At BofA, Mark created the Online Banking Group and was a member of teams that developed the first corporate data warehouse, the first mortgage-backed securities, the first foreign currency traveler’s checks and the first interactive trading and trader communications systems. Mark has an MS in Operations Research from Stanford University, and a BA from Temple University in Mathematics.

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