Integrated technology solutions and professional services company The Automic Group of Australia has become Australia’s third largest registry provider following the acquisition of Security Transfer Australia (STA).
A family owned and run operation which has been in existence for over 30 years, STA is a leading Perth based share registry provider for ASX listed and unlisted entities.
The company manages the registry for around 10% of the ASX listed entities, most of which are small cap companies. STA’s 139 clients and over 970,000 shareholders were recently transitioned from the STA platform to Automic.
Automic Group Managing Director Paul Williams said the transition volume was a new record for the Australian registry market with no other registry provider that could even consider taking on this task.
“As a result, we are now the third largest share registry provider in Australia and provide services to over 590 ASX listed companies, he said.
According to STA CEO Alex Anastasakis, the most important consideration for STA in making this decision was it would be a seamless process for clients.
“The technology of the Automic Group is superior to all other registry providers in the market and the clients are in safe hands,” he said.
According to Automic Group, STA made the decision to exit the industry as senior members of the family were seeking to retire after long and successful careers.
The terms of the acquisition were not disclosed.
Automic Group is recognised as the only Australian company that offers integrated technology solutions combined with Legal, Registry, Company Secretarial, Governance, Finance and Insurance services to meet client’s requirements.