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Global Shares Launch New Software

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DateFriday, April 17, 2015
AuthorLeonid Botnarenko

Global Shares Launch New Software

Global Shares Generates new Software in the Share Plans Administration and 3-year expansion plan, creating up to 80 jobs


Tim Houstoun, CEO of Global Shares, spoke about the expansion plansMinister for Jobs, Enterprise and Innovation, Richard Bruton welcomes the Company's exiting expansion plan at an official event in the company's Headquarters in the West Cork Technology Park, Clonakilty.

Global Shares Technology (@GlobalShares) is an Irish owned, Irish headquartered Company sets a new benchmark in the Share Plans Administration Industry, this will help create additional jobs. Global Shares, develops highly innovative web based software solutions for companies to automate the administration of their employee equity plans, includes software development, quality assurance, CEP analysts, financial accountants and project management. 

Minister Bruton TD said: "Employment is growing in every region of the country - but it is growing faster in some regions than others. That is why we are putting in place regional jobs plans in every part of the country, to accelerate jobs growth in every region. Announcement by Global Shares is a great example of what we are trying to support around the country - here is a hugely impressive Irish company, which started a decade ago, providing cutting edge solutions to some of the biggest companies in the world, growing rapidly and soon to employ well over 100 people in west Cork. I wish them every success in the future".


The expansion of Global Shares marks the culmination of a comprehensive phase of software development at the Company, which sets a new benchmark in the equity compensation industry in terms of software customization, functionality and user experience. An expanded Sales and Marketing team will promote and sell the product globally, with expert customer service provided by a support team of equity professionals.


Tim Houstoun, CEO of Global Shares, spoke about the expansion plans, saying: "We have grown substantially in the last two years and we have shaped our business for this expansion. Our new equity compensation management solutions are first-class and our mission now is to communicate the strength and depth of our software and service offering to global markets. We look forward to growing our market presence in the coming years and to adding to the fantastic team of people who work at Global Shares".



Equity Automation Software is used by Companies to automate the equity administration process associated with Equity Plans, synchronizing data from their payroll, HR, tax, accounting and reporting systems. Web based equity administration software gives participants 24/7 access to their equity share holdings from any device, whilst eliminating paperwork for the Company and reducing the risk of manual administration errors.

A successfully administered Share Plan demands excellent communication, a superior end-user experience and the capability to adapt quickly to the ever-changing international tax and regulatory environment. Equity automation software makes all of this possible, offering Companies an integrated, customized and fully-compliant one-stop solution.


CEO of Enterprise Ireland, Julie Sinnamon commented: "A priority for Enterprise Ireland is to support entrepreneurship across the regions and develop strong, export focused, ambitious Irish companies that can win new business and jobs for Ireland. Global Shares is an exemplar of the type of company we want to work with: innovative, ambitious and determined. I congratulate Tim and all the team and wish them even greater success over the coming years as they grow to the next level".


A number of key strategic developments have been put in place as part of this expansion:
Expansion of Clonakilty Headquarters to cater for growing employee numbers and future expansion. A new London Office opened in January 2015 located at St. Paul's, beside the London Stock Exchange. Earlier in 2014 the company relocated from Manhattan, New York to larger offices in New Jersey to support expansion plans John Meehan joined as Managing Director in January 2015.  



Global Shares currently works with over 150 private and public companies listed on multiple stock exchanges with participants in 100+ countries worldwide. 



Coworking Space in Dublin city centre for tech startups and freelancers - tcube dublin



Who Is Tim Houstoun


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