Equity management platform Qapita acquires ESOP Direct

Equity management platform Qapita has acquired a 100% stake in Pune-based equity compensation company ESOP Direct in an all-cash deal. Post the acquisition, the combined entity will manage Employee Stock Option Plans (Esops) worth over $12 billion.

ESOP Direct provides end-to-end solutions for equity compensation to employees. Its service spans the entire lifecycle of employee share plans, from conceptualisation to reporting. Since its formation over two decades ago, the company has designed about 1,000 plans and managed around 500 plans on its proprietary platform, My ESOPs.