M&A

M&A

US-based Carta in talks to acquire Esop mgmt enabler ZenEquity

Entrackr  

Employee stock option (Esop) management platform ZenEquity is in talks with San Francisco-based Carta for a potential acquisition. Bootstrapped ZenEquity lets companies manage employee stock pools through cloud based solutions. Employees can use the tool to manage and track their portfolios. Its key features include stock options exercising, e-signatures, stock split, and bulk upload transactions. Carta is one of the top players in this space and was valued at USD 7.4 Billion during a USD 500 million round led by Silver Lake in August last year. It counts Andreessen Horowitz (a16z), Lightspeed Venture Partners, Goldman Sachs, Tiger Global, Thrive Capital and Menlo Ventures among its investors.