NEW YORK--(BUSINESS WIRE)--American Stock Transfer & Trust Company, LLC (AST) announced today the launch of an innovative shareholder contact management platform to be utilized by clients across North America called ASTDrive. The platform, developed by NovaShare Solutions Limited, will be provided through the AST Ownership Intelligence™ business line.
ASTDrive will provide a multi-purpose shareholder contact management platform for public companies in North America including, but not limited to, investor relations programs and proxy campaigns. Issuers accessing this functionality can further enhance their investor outreach and proxy programs, as well as their corporate communications.
ASTDrive provides coverage of over 8,000 public companies, 4,000 advisor portfolios and more than 160,000 institutional contacts. ASTDrive is the only complete contact management platform in North America that bridges Investor Relations and Corporate Proxy.
“The ASTDrive platform was built specifically to handle the challenge issuer’s face in communicating with a large demographic of investors,” said Mark C. Healy, President and Chief Executive Officer of AST. “This unique shareholder contact management system will assist companies in developing measureable investor relations programs, as well as deliver real-time data to the company management and boards.”
“It was important for NovaShare to launch this platform with a partner that shared the same long-term vision,” noted Tyson Rose, Chief Executive Officer at NovaShare. “ASTDrive will provide the quality data analytics that corporate clients have been looking for and also help support their proxy efforts.”
About AST
AST and its affiliates are leading providers of registry services and technology to financial market participants around the globe. AST and its affiliate, CST Trust Company (CST), provide comprehensive stock transfer and employee plan services to more than 8,000 public issues and over 5.5 million shareholders. Together, AST and CST serve clients located throughout North America. The organization provides fully integrated services that include corporate proxy solicitation and advisory solutions, employee plan services, information agent, mutual fund proxy solicitation and advisory solutions, shareholder identification, asset recovery and investment management offerings.
About NovaShare
NovaShare provides a suite of cloud-based shareholder communications and organizational management software for public and private companies. They provide comprehensive aggregated coverage of public company proxy filings and institutional investor disclosure information. The company supports over 10,000 North American public companies, 18,000 investment funds and 4,000 investment advisors globally.
