News

(February 5th 2013)

Accurate Equity Awarded European Seal of e-Excellence

We are proud to share that for the last three consecutive years, Accurate Equity has been recognised for our innovation and outstanding growth performance, receiving Gold twice and this year Silver seals from the  EMF in Germany. The Seal of e-Excellence awards are held annually at the renowned CeBIT exhibition in Hanover. The full Press Release can be found here.

(February 5th 2013)

Accurate Equity Strategic Summit 2013

We at Accurate Equity hosted our annual Strategy Meeting in the mountains of Oslo this January. Whilst we enjoyed the scenery and team building events in Gaustablikk (even in the form of mounting a peak in a challenging snow storms!), we spent time strategically planning how best to service our clients and work with our partners to achieve our goals of global excellence for 2013. We hope you enjoy some of the photos from our time away from the ‘think tank’!

(January 22nd 2013)

Accurate Equity initiates deployment into the Finnish market

Having listened to key people from many companies in Finland during the last year, we at Accurate Equity determined that there is a pronounced demand for our flexible, powerful and tailored equity compensation software and services in the Finnish market. As the leading provider of software and services related to equity compensation in Northern-Europe, we saw that the next natural step in our global expansion was to launch operations in Helsinki in January 2013.

As we already have secured our first Finnish client and see several other opportunities, we are excited to announce the appointment of industry expert Anna Ainesjärvi as our Managing Director. Anna joined Accurate Equity on January 14th to manage our Finnish operations with Helsinki as base. Further members of the Finnish team as well as the office location will be announced in due course.

(Read the Press Release)

(June 18th 2012)

Accurate Equity Opens Office in Bangalore, India: Accurate announces Testing and Development Centre in partnership with Nous Infosystems in India

“Be the change you want to see in the world” – Mahatma Gandhi

Keeping up with the tradition of continuous evolution to leverage the best opportunities globally, Accurate Equity has drawn up a strategic expansion plan. A key element of this is the right partner that will enable us to move into new frontiers.

Accurate Equity has long been searching for the right time and the right partner to move into a ‘new frontier’. After months of thorough investigation and planning, Accurate Equity is pleased to announce our partnership with Nous Infosystems in India. The collaboration with Nous will both provide us with software development and testing, increased capacity and the ability to work more efficiently, whilst providing valuable insight and information in a market with vast potential.

Nous was established in 1996 with a focus on providing offshore software development services to clients outside India. Today, Nous has grown across multiple locations and partners with other multinationals such as SAP and Oracle, which made them a safe and proven choice for Accurate Equity to partner with.

As a part of this strategic initiative, Mathangi Parthasarathi (Director, Business Solutions and Head of Operations, Accurate Equity India) has recently relocated from London to Bangalore. She will be working closely with Nous to form our new Testing and Development Centre and our team of local developers.

Dr. Jan Øyvind Aagedal, CTO at Accurate Equity comments: “I am very impressed by the technical skills of the Nous team and their ability and willingness to enter into a new and complex domain. With Mathangi’s leadership on the ground, I am sure we will get immediate results from Nous.”

Ajith J. Pillai, President & CEO at Nous Infosystems comments: “We are very excited about our partnership with Accurate Equity and Nous is committed to optimizing and strengthening Accurate Equity's software development and testing processes to improve efficiency, flexibility, and speed. We will leverage our broad technology expertise and Nous Direct Delivery Model to help Accurate Equity define new standards and benchmarks in Equity Compensation.”

(Read the Press Release)

(June 6th 2012)

Introducing Accurate Equity

Norse Solutions responds to global and dynamic nature of market with multiple and key strategic changes

(Read the Press Release)

As Winston Churchill once said;
“There is nothing wrong with change, if it is in the right direction. Change is the essence of life. Be willing to surrender what you are for what you could become.”

Norse Solutions has thrived since its inception in 2004, our name rooted in the spirit of endeavor dating back to the Viking Sagas.  The name has evoked an image of a people that established trade and commerce from Europe to Central Asia, and sailed as far as the Americas.  They prospered in a harsh climate, where planning was the core competency, risk management was the most important skill and trust, the only true currency.

It has always been our goal to follow the same model and to establish those core values globally.  In order to do that, the time has come to embark on the next phase of service and innovation with a new name.

We have chosen a name that reflects our dedication to a global mission – Accurate Equity.

Building on our regional heritage, the new name echoes our dedication to excellence and highlights our global mission to deliver precise and reliable equity compensation administration, record-keeping, accounting and reporting.

“In certain respects a name can infer a company's position, its products, its goals or its standards”, says Arne Peder Blix, President, CEO and Co-Founder. “In our industry our goal is to go beyond that and define our core values and products from the beginning, and that is with our name. It has to be Accurate. It cannot be more – or less”.

Arne Peder continues by saying: “With the current financial turmoil and that of the recent past, clients can no longer manage with approximate figures. They demand, require and depend on accuracy. Going forward, the success of quality companies will be defined by their ethics, values and ability to impose trust to its owners, the market and society. The word ‘accurate’ itself represents what is in the very DNA of our company and is, along with trust, our core value. By incorporating the highest possible standard directly into our very name, we set an uncompromising benchmark on the quality we deliver – today and in the future”.

From equity plan design through administration and accounting to regulatory reporting, it is the equity compensation needs of our clients that are paramount. We represent the top tier of these services in the industry.

• We believe that equity compensation is an essential and strategic part of a company’s remuneration package
• We know through experience that it drives entrepreneurship, increases focus on value creation over time and participation in companies - as well as in society as a whole
• We ensure companies operate their share plans efficiently and accurately

The Accurate Equity Pyramid and our new Logo

Since 2004, we have depicted our software architecture using a pyramid. The top level of this pyramid represents the corporate finance layer with valuations and consolidated reporting. The middle level represents the accounting and reporting layer and the bottom “floor” the logistics of employee share plan administration, interaction and record-keeping.

Therefore, we have found it appropriate to name our proprietary software as: The Accurate Equity Pyramid.

In short, the Accurate Equity Pyramid reflects our holistic Top-Down approach to equity compensation at the same time as it echoes the AE initials of our new name.

It also symbolises and, when seen in more detail explains our Top-Down approach to equity compensation.

We always keep the clients’ strategy and owners’ interests in mind in everything we do. We shall remain flexible, agile and able to cooperate and integrate with any vendor the client decides to use at any given time.

New Office Location

Keeping to the theme of notable change and growth, Accurate Equity is proud to announce a new office location for its headquarters, in Norway
After spending the last 10 years successfully growing operations from our offices at Lysaker, Accurate Equity is now moving the heart of its Scandinavian operations to IT Fornebu, just outside the Norwegian capital city of Oslo.

The building chosen for our new flagship office was originally built in 1964 as Oslo’s main airport terminal (Fornebu). It has over the last decade been redeveloped into a knowledge-oriented centre for multinational high tech industries, and has been proudly described as ‘among the leading knowledge based business clusters in Norway within the information communication and telecom sectors’.

(Read the Press Release)

(March 27th 2012)

Deferred Compensation according to CRD III

Norse Solutions is proud to announce full capability for handling deferred equity compensation, following the requirements set forth under the EU’s Capital Requirements Directive III, CRDIII (detailed below).

As with many other regulatory changes, Norse Solutions early on identified that remuneration in the form of deferred equity and cash compensation was a natural fit with our core competences. We decided to proactively develop the breakthrough functionality needed to position Norse Solutions as a trusted provider, and become the preferred choice for contracts handling these instruments. Consequently, Norse Solutions again has proven to be a pioneer in this new, complex and demanding niche within equity compensation.

As a result, DNB Bank ASA and Gjensidige ASA, two of the largest financial institutions in the Nordic region, (further details below) are already using Norse Solutions for the efficient administration, reporting, accounting and disclosure of their deferred equity compensation following CRDIII.

President and CEO of Norse Solutions, Arne Peder Blix comments: “The need for an advanced and fully transparent system, enabling the client to get a complete overview of these rather sensitive compensation instruments became clear to us when we saw the early drafts of CRDIII. Being able to report with precision and to have transparency readily available to the various stakeholders and the public at large, and compliance with all forms of reporting and disclosure with complete confidence in the accuracy of the figures, is a “must have” for financial institutions. In the current climate, disclosures from such institutions are subject to scrutiny by regulators and the community as a whole. We are proud to once again be first in offering state-of-the-art functionality enabling these great institutions, and hopefully many others, to be compliant with CRDIII. Norse has received great attention from interested parties recent months in relation to this and is scaling up capacity to deliver to a large and increasing number of clients throughout Europe.”

(Read the Press Release)

(March 6th 2012)

Announcing the Norse Solutions Fellowship 2012
The first European Fellowship

Norse Solutions is pleased to announce that the Norse Solutions Fellowship 2012 was awarded to Dr. Eric Kaarsemaker. The Norse Solutions Fellowship is a contribution to the Rutgers University School of Management and Labor Relations' research fellowship program to support a research fellowship for the academic year 2012-2013. The research fellowship was awarded to a European scholar to conduct research on broad-based employee stock ownership, including employee stock purchase plans, employee stock option plans as well as restricted and other related stock plans.

(Read the Press Release)

(February 21th 2012)

US official is optimistic on US adoption of the IFRS

World leaders, including U.S. President Barack Obama, called in 2009 for a single set of global accounting rules to improve transparency for investors and regulators. Today, more than 100 countries use the IFRS from IASB. Lately the discussion concerning whether the US should adapt these accounting rules has increased significantly.

James Kroeker, Chief Accountant at the US Securities and Exchange Commission (SEC), will in the coming months make a proposal to SEC commissioners on how the United States could adopt the International Financial Reporting Standards (IFRS). "We are hopeful we can put forward a model," Kroeker told Reuters. After his proposal, SEC commissioners will likely hold a public consultation ahead of a vote, perhaps later this year.

According to Reuters, IASB Chairman Hans Hoogervorst, welcomed Kroeker's comments: "It was a very solid and confidence-boosting statement. I think they are on the right track."

(Read Reuters' article)

(January 18th 2012)

Christopher J. Dohrmann joins Norse Solutions as Executive Director Business Development USA

Norse Solutions is pleased to announce the addition of a new key employee strengthening our experienced and competent team. Former Morgan Stanley Smith Barney (MSSB) Executive Director Christopher J. Dohrmann has joined Norse as Executive Director and is to focus on Business Development for the US market. Chris has spent 16 years in the share-plan administration industry in various positions and is a seasoned professional and subject matter expert in the Equity Compensation administration. Chris will be based in New York and will focus on business development in the US and UK as well as managing large accounts world-wide, contributing to Norse Solutions’ high growth.

Arne Peder Blix, President and CEO of Norse Solutions, is excited to have Chris join the Norse team; “Being able to welcome Chris on our solid team proves that we continue to attract the best talent in the industry. With our rapid growth, Chris’ tremendous experience and know-how, combined with his high-energy pace and “can-do” attitude, fits well with the soul of our growing company. Chris is a most welcomed asset and we look forward to benefit from his long experience, world-wide network, deep knowledge of the subjects and ability to focus on finding working solutions to our Clients’ needs.

(Read the Press Release)

(January 17th 2012)

Nick Clegg, the Deputy Prime Minister of UK, calls for decade of employee share ownership

UK's Deputy Prime Minister, Nick Clegg, called for a "decade of employee share ownership" in a speech to CentreForum on January 16th.

The Deputy Prime Minister made clear that he believes in employee share ownership and he stated that: "I am kickstarting a drive in Government to get employee ownership into the bloodstream of the British economy."

He also stated that:"Firms that have engaged employees, who own a chunk of their company, are just as dynamic, just as savvy, as their competitors. In fact, they often perform better: lower absenteeism, less staff turnover, lower production costs. In general, higher productivity and higher wages. They weathered the economic downturn better than other companies." and said that "the evidence and success stories cannot be ignored, and we have to tap this well if we are serious about growth. The 80s was the decade of share ownership. I want this to be the decade of employee share ownership."

(Deputy Prime Minister's speech at Mansion House)

(December 9th 2011)

Excentive International and Norse Solutions announce strategic partnership

Excentive International, the fastest growing solution provider for Total Compensation Management, and Norse Solutions, the established provider of software and services for administration, accounting and disclosure of share plans, announce today an agreement to partner together on a global basis.

(Read the Press Release)

(October 7th 2011)

Hoogervorst challenges IFRS convergence fears

Chairman Hans Hoogervorst and trustee Harvey Goldschmid addressed the American Institute of CPAs (AICPA) and IFRS Foundation conference held in Boston, USA where both argued strongly for convergence.

Whereas Hoogervorst sought to answer US stakeholders’ major concerns such as quality of standards, consistent application, cost of adopting global standards and the independence of the IASB, Goldschmid outlined why he believes US adoption of IFRS is a National Imperative; Goldschmid discussed the consequences of the US failing to commit to IFRS adoption and warned about two possible scenarios if SEC says No; one bad for the US and the other far worse.

(Read more)

(August 1th 2011)

Norse Solutions proudly introduces the American Coalition of Stock Plan Administrators

As part of our ever increasing presence in the U.S. share-based payment administration market, Norse Solutions has actively contributed as a co-founder in the establishment of ACSPA.

With the fast changing regulations impacting U.S based companies who offer equity compensation and broad based stock plans to their employees, Norse Solutions and 11 other leading equity plan administration and technology companies (including Morgan Stanley Smith Barney, Schwab, E*trade, UBS, Fidelity and others) have come together to form the American Coalition of Stock Plan Administrators (ACSPA).

ACSPA was created to work closely to educate government officials to the challenges and limitations from both the technology as well as the administrative functions employed by companies sponsoring these plans. In addition, ACSPA is working closely with various equity plan industry, education and training organizations to enhance opportunities for industry professionals and supporting research and industry surveys.

Download the press release or visit the ACSPA webpages: www.acspa.info for more information

(July 27th 2011)

IFRS strategic update (GEO webinar)

Arne Peder Blix and Norse Solutions held the GEO webinar: “IFRS strategic update” on the 27th of July. The adoption of the Internatial Financial Reporting Standard (IFRS) continues to take place at a varied pace across the world. In this webinar we shared input and our views on:

• Update from the SEC Roundtable
• IFRS – will SEC adopt?
• Discussion on the importance of and how to attract foreign investment to U.S. issuers
• Good Corporate Governance and the importance of disclosure
• Transparancy and quality for all industries
• Share-based payment and Good Corporate Governance
• Availability of technology for adoption of IFRS in the U.S.

(Download the presentation)

You can also find the entire webinar with Q&A recorded on the GEO webpages http://www.globalequity.org/geo/webinarlibrary
You need to login as a member to view the recording.

(June 2011)

Comments on Commission Statement in Support of Global Convergence

(Read more)

(May 27th 2011)

Norse Solutions in the South China Morning Post

(Read more)

(May 2011)

Economic survey of employee ownership in European countries in 2010

The most recent numbers show that employee ownership was continuously progressing across Europe since the financial crisis. This is the main conclusion of the economic survey of employee ownership in the European countries in 2010. The survey brings exhaustive information about the 2.467 largest European companies, employing 32.6 million people in 2010.

(Download summary)

(April 20th 2011)

SEC Announces Roundtable on International Financial Reporting Standards

The Securities and Exchange Commission staff announced today that it will sponsor a roundtable in July to discuss benefits or challenges in potentially incorporating International Financial Reporting Standards (IFRS) into the financial reporting system for U.S. issuers.

(March 15th 2011)

Could a Stock Exchange Merger Accelerate Adoption of IFRS?

The recent announcement of a merger between Deutsche Boerse AG and the New York Stock Exchange leads many to believe that an acceleration of the conversion from U.S. GAAP to International Financial Reporting Standards for public companies may occur.

(Read more)

(March 11th 2011)

U.S Needs To Commit To IFRS This Year, Says Tweedie

In remarks at the U.S. Chamber of Commerce's Future of Financial Reporting-Convergence or Not? conference yesterday, International Accounting Standards Board Chairman Sir David Tweedie "ma[d]e the case...on the pressing need for the United States to commit itself this year to a clear, defined, and workable timetable for the incorporation and use of IFRSs, as published by the IASB."

(Read more)

(March 2011)

Norse Solutions in Computerworld

Europeisk pris til norsk programvare

(March 1st 2011)

Norse Solutions is honored to have won a Gold European Seal of e-Excellence 2011.

The European Seal of e-Excellence rewards ICT and Digital Media companies with an excellent track record in innovation marketing. Awarded annually since 2003 by the EMF and its Partner Organisations, the Seal is widely known for recognizing companies with:

• innovative products and services; and
• excellence in the marketing thereof.

"Norse Solutions has since 2002 improved and expanded our comprehensive web-based software with a continuous focus on quality and precision. We aim to deliver the best and most comprehensive software and service for the efficient administration, accounting and disclosure of share-based payment programs. Accurate Equity Pyramid™ has proven itself as the preferred IFRS-2 compliant software for SMEs, global corporations and large banks in its market. We are very proud and honored to have been awarded the European Seal of E-Excellence in Gold for the second consecutive year.”

Please see

• Press Release
• European Seal of e-Excellence
• Winners 2011

(January 28th 2011)

The Path to Global Standards?

The new FASB chairman spells out an ambitious agenda that could produce a clear road to the adoption of international financial reporting standards by U.S. companies.

(Read more)

(January 14th 2011)

Norse Solutions is pleased to announce the establishment of Norse Solutions Sweden AB

As of January 2011 Norse Solutions Sweden AB has been established as a wholly owned subsidiary of the Norway-based Norse Solutions AS. Norse Solutions Sweden AB has its office in Kungsgatan 44, 4th floor, Stockholm.

Norse Solutions Sweden AB will support Swedish clients directly on Plan Administration and Accounting as well as carry out marketing activities. This will enable a tighter relationship with our Clients and a closer follow-up of Swedish market practices.

(Press release)

(December 10th 2010)

BNP Paribas Securities Services and Norse Solutions enter agreement

Norse Solutions is pleased to announce that we have been entered an agreement with BNP Paribas Securities Services covering software and services related to IFRS accounting and disclosure of share based payment programs.

BNP Paribas Securities Services is the leading provider in stock plan administration in France and Southern Europe and this agreement will enable BNP Paribas Securities Services to offer a one stop shopping solution comprising plan administration as well as all aspects related to IFRS 2 reporting.

(Article Dagens Næringsliv)
(Press release)

(December 1st 2010)

Global Equity Organization Scandinavian Chapter

December 1st 2010 the Scandinavian Chapter of the Global Equity Organization was launhed. The daily national financial newspaper, Finansavisen was also present and published an article covering the event.

“Local ownership has a significance, and more employees should own shares in the company they work for” said the Conservative Party leader Erna Solberg in the opening of GEO Scandinavien Chapter.

GEO is a non-profit organization that works to create a forum for information, knowledge and experience among companies and individuals for share-based compensation and incentive programs for companies both nationally and internationally. In Scandinavia GEO co-operates with AksjeNorge and Norse Solutions.

(Article Finansavisen)
(Translated version)

(November 26th 2010)

Norse Solutions ranked number 491 on Deloitte’s EMEA Fast 500 List

We are proud to announce that Norse Solutions was ranked number 491 on the Deloitte Technology Fast 500 EMEA 2010, a ranking of the 500 fastest growing technology companies in Europe, the Middle East and Africa.

To determine the fastest growing companies, the DTTL TMT global industry group calculated the revenue growth percentage over the past five years. Being included in this list is quite an accomplishment for Norse Solutions.

The Awards Ceremony was held in London on November 25th 2010. The entire report can be found here.

In addition to making the Deloitte Technology Fast 500, Norse Solutions ranked number 45 on the Deloitte Technology Fast 50 in Norway, which is a ranking of the 50 fastest growing technology firms in Norway.

(October 21th 2010)

Norse Solutions makes the Deloittes Fast50 List

Deloitte announced on October 21th 2010 ranking of Deloitte Technology Fast 50 for Norwegian companies based on percentage revenue growth over a five-year period. Norse Solutions is proud to be qualified and ranked number 45. Deloitte has also informed that Norse will be ranked on the Deloitte EMEA Fast 500, which will be announced on 25th of November 2010.

Deloitte's Fast 50 List

(June 2010)

StepStone Case Study

StepStone ASA, recently acquired by Axel Springer, has volunteered to participate in a Case Study where we examined the results and benefits of using the software Accurate Equity Pyramid to administer and account for their option plans. The Case Study is available here.

(March 2010)

Norse Solutions is honored to have won a Gold European Seal of e-Excellence 2010.

The European Seal of e-Excellence rewards ICT and Digital Media companies with an excellent track record in innovation marketing. Awarded annually since 2003 by the EMF and its Partner Organisations, the Seal is widely known for recognizing companies with:

1) innovative products and services;
2) excellence in the marketing thereof.

"Since our beginning in 2002, we have focused continuously on quality and precision in everything we do. Norse Solutions aims to provide the best software solutions in the share-based payment administration market and thereby ensure that our software Norse Options™ will become the preferred solution for Plan Administration, accounting and disclosure worldwide. We are very proud and honored to have been awarded the European Seal of E-Excellence in Gold."
-Arne Peder Blix, CEO

Please see:

• Press Release
• http://www.sealofexcellence.org/
• Winners 2010

(December 15th 2009)

Norse Solutions enters new partnership

(November 24th 2009)

Norse Solutions ranked number 183 on Deloittes
EMEA Fast 500 List

Today Deloitte announced the 2009 ranking of the Deloitte Technology Fast 500 for EMEA companies. Despite global economic turmoil, there were some high performers among technology companies in Europe, Middle East, and Africa (EMEA) and the Fast 500 in 2009 exceeded that of 2008.

The Fast 500 encompasses all technology industry segments including: Biotech, Pharmaceutical and Medical Equipment, Telecommunications and Networking, Computers and Peripherals, Internet, Semiconductors, Components and Electronics, Media and Entertainment, Software, and Greentech.

Norse Solutions is proud to be ranked number 183 on this exclusive list. The Awards Ceremony was held in London on November 24th 2009. The entire report can be found here.

Deloitte's EMEA Fast 500 List

(October 20th 2009)

Norse Solutions makes the Deloittes Fast50 List

Today, Deloitte announced the 2009 ranking of Deloitte Technology Fast 50 for Norwegian companies based on percentage revenue growth over a five-year period. Norse Solutions is proud to be qualified and ranked number 23. Deloitte has also informed that Norse will be ranked on the Deloitte EMEA Fast 500, which will be announced on 24th of November 2009.

Deloitte's Fast 50 List

(August 11th 2009)

Our client Norwegian Air Shuttle in the Norwegian financial newspaper; Finansavisen

Norwegian-ansatte har gjort aksjekupp

(June 5th 2009)

Norse Solutions in the Norwegian financial magazine; Kapital

Aksjelønnsomt Kapital 10/2009

(February 19th 2009)

Norse Solutions in the Norwegian financial newspaper; Finansavisen

Aksjelønn virker

(December 15th 2008)

Norse Solutions in the Norwegian financial newspaper; Finansavisen

Satser på USA-banker

(October 2008)

NASPP Annual Conference 2008

Norse Solutions' staff participated in the NASPP Annual Conference in New Orleans. This was the first time Norse Solutions has attended an exhibition. Our web-page visits have more than doubled after this. A number of other exhibitors have been contacting us the last couple of weeks and we are overwhelmed and humbled by all the positive feedback we have received.

(19th. August 2008)

Study Finds Broad-Based Options in Venture-Backed Companies Both Common and Effective

Data on the extent and effectiveness of broad-based equity plans in closely held companies are scarce and based on samples too limited to be persuasive, but we recently came across one significant exception. In "Give Everyone a Prize? Employee Stock Options in Private Venture-Backed Firms" (2005, unpublished), John R.M. Hand of the Kenan-Flagler Business School looked at data from 2004 and 2005 provided by VentureOne, a provider of data on venture-backed firms. The sample consisted of 1,032 venture-backed companies responding to the survey for which adequate data were available. The study found the mean percentage of employees getting options was 89%, and 74% of the companies granted options to everyone. In other words, contrary to the conventional wisdom that broad-based equity awards have been disappearing in venture-backed companies, they are in fact almost universal.

Hands study looks at whether granting options deeply into the organization is a good strategy for venture investors. He correlates the fraction of the firms employees receiving shares and finds that granting options to more employees results in better performance than granting them more narrowly. The specific measures are too complex to describe here, but they essentially create a hypothetical optimal depth of options granted. Using that optimal depth, Hand concludes that firms that err of on the side of too many people getting options do better than those that err on the side of too few.

The argument here is that granting options too far down poses minimal risk because lower-level employees usually get smaller grants. In contrast, not granting far enough down the ladder can create a substantial risk that potentially critical people will not be retained or motivated. So it is better to err on the side of caution.

This article is on loan from www.nceo.org

(October 2007)

Norse Solutions AS in Dagens Industri in Sweden.

Press release 16 October 2007

Dagens Industri 13.10.2007

(June 2007)

Arne Peder Blix, CEO in Norse Solutions AS interviewed by Legally yours in Sweden.

Legally yours no. 6 - 2007

(22. February 2007)

Norse Solutions AS has entered into a cooperation agreement with VP Services A/S (VP), a wholly owned subsidiary by Værdipapircentralen AS in Denmark.

The Agreement gives VP the exclusive rights in Denmark to use and grant their customers access to Norse’s proprietary services technology, Norse Options.

Press release 22 February 2007

VP Website

(31. January 2007)

Norse Solutions AS received a SAS 70, Report of Independent Auditors, 31 st January 2007.

Independent auditors have examined option processes and IT general controls related to the Norse Options environment.

Norse Solutions AS can therefore, from this point onwards, provide the SAS 70 report to our Clients upon request.

The examination was performed in accordance with standards established by the American Institute of Certified Public Accountants (AICPA).
More about SAS 70

(2. May 2006)

Our office in Houston, Texas, was opened on the 2nd of May 2006.

(Desember 2005)

Norse Solutions is expanding

We are now hiring more people in Norway, and are planning to start up an office in Houston by end of 1st half 2006.

(October 2005)

Our customers in Norway now represent more than 60% of the value of the Oslo Stock Exchange.

(January 2005)

The EU Comission adopts the new IFRS-2

You can read more about this by clicking here

(October 2004)

Co-operation agreement with the largest bank in Norway.

After more than 8 months of development, structuring and planning of an exercise module, we were able to enter into an agreement with DnB NOR ASA, the largest bank in Norway, in order to co-operate on exercise and settlement of options.

Together, we have developed a smooth solution for effective, secure and flexible exercise and settlement of options and other share-based payment instruments. The "cashless exercise" is carried out electronically in Norse Options and has now been run "live" with excellent results.

(February 2004)

New IFRS standard - IFRS-2

The International Accounting Standards Board (IASB) issued on the 19th of February the new International Financial Reporting Standard 2 Share-based Payment (IFRS 2) on accounting for share-based payment transactions, including grants of share options to employees.

For more information, go to IASB"s homepage or contact us at Norse Solutions.

(February 2012)

Accurate Equity - Compensation News for February 2013

- Expert's corner by John Cotton of Deloitte: Benefits and tax considerations in relation to the global recharge of plan costs
- Welcome to 2013 by Arne Peder Blix, CEO & Co-founder
- Accurate Equity awarded European Seal of e-Excellence
- and much more...

Read newsletter (pdf)

(November 2012)

Accurate Equity - Compensation News for November 2012

- Expert's corner by AmyLynn Flood of PwC
- Accurate Equity participates in Executive Compensation & Regulatory Compliance Roundtable for Financier Magazine
- Boost in the UK for Employee Share Ownership
- and much more...

Read newsletter (pdf)

(August 2012)

Accurate Equity - Compensation News for August 2012

- The inaugural expert's corner by Lynette Jacobs of Pinsent Masons
- The case for global accounting
- China considers broad-based employee ownership plan
- AICPA applauds SEC's effort to review IFRS; Urges SEC to act
- and much more...

Read newsletter (pdf)

(October 2011)

Hoogervorst challenges IFRS convergence fears

Read newsletter (pdf) - Online newsletter

(July 2011)

Norwegian Air Shuttle - GEO Awards Winner 2011

Read newsletter (pdf) - Online newsletter

(May 2011)

Norse Solutions sponsors the GEO Conference in Amsterdam June 15th to 17th June 2011

Read newsletter (pdf) - Online newsletter

(March 2011)

Could a Stock Exchange Merger Accelerate Adoption of IFRS?

Read newsletter (pdf) - Online newsletter

(June 2010)

In April this year Norse Solutions exhibited and had the opportunity to speak at the annual Global Equity Organization (GEO) Conference in Chicago as well as exhibiting at the Financial Executives International (FEI) Conference in Las Vegas.

Read newsletter (pdf) - Online newsletter