Morgan Stanley and Wilson Sosini forge API integration for sharing capitalization data


Morgan Stanley at Work today announced its partnership with leading technology law firm Wilson Sonsini Goodrich & Rosati to develop a new application programming interface (“API”) that enables equity information for companies. Common clients move seamlessly between the law firm and the equity management provider.

This industry-first API integrates Morgan Stanley at Work’s Shareworks platform (“Shareworks”) and Wilson Sonsini’s new proprietary software platform Neuron, which will read and write capitalization data directly into Shareworks on any update. day in real time.

Over the past decade, the startup ecosystem has struggled to manage increasingly siled capitalization tables. To streamline the startup journey and make it easier to share open data across the industry, this integration will allow the next generation of startups and founders to get up and running faster. From incorporating a startup to issuing stock options for employees to shutting down an angel or venture funding, this integration creates for the first time a unique source of truth between Wilson Sonsini, Shareworks and their joint clients, delivering an integrated digital experience that reduces share issuance. processes in minutes, minimizes transaction errors and provides startups with access to real-time equity data.

“We are excited to partner with Wilson Sonsini to raise the bar in the industry and deliver a modern digital experience for clients to manage their equity information and data,” said Kevin Swan, Co-Head of Global Private Markets for Morgan Stanley at Work. “As startups stay private longer, the need for more reliable and transparent digital solutions to manage capitalization table data becomes absolutely critical. With this API, we hope to eliminate the frictions encountered by private companies in the management of their capitalization table and their action plans with stakeholders, partners and service providers. “

“Startups don’t have the time to manually enter data and send out updated spreadsheets to make sure all parties are working with the same capitalization data every time a new employee is hired or that new funds are secured, ”said David Wang, chief innovation officer at Wilson Sonsini. “With this API, Wilson Sonsini and Morgan Stanley at Work are helping startups and founders accelerate their growth with an open data ecosystem built on our intelligent Neuron platform. We are proud to take the first tangible step in the industry towards a better future and a better customer experience resulting from the sharing of capitalization table data among all stakeholders.

Earlier this year, Morgan Stanley at Work announced an agreement with Wilson Sonsini that allowed private companies using Wilson Sonsini’s proprietary capital management software to migrate to the Shareworks capitalization and stock plan platform.

Last July, Morgan Stanley at Work and Wilson Sonsini announced their participation in the Open Cap Table Coalition, a consortium of technology providers and Silicon Valley law firms that aims to facilitate the management of their capitalization table. by startups by increasing the portability and interoperability of data. between all stakeholders in the technological ecosystem.

Wilson Sonsini announced the launch of Neuron, a proprietary software platform that streamlines, automates and digitizes common legal processes throughout a company’s lifecycle – changing the way it delivers legal services from a paradigmatic way. The Neuron platform allows lawyers to automate routine processes so they can spend more time delivering high-value services to founders and startups, and this latest integration with Shareworks allows Wilson Sonsini to continue to fulfill this mission.

Shareworks is part of the Morgan Stanley at Work suite of financial solutions, which covers equity (including E * TRADE Equity Edge Online), retirement and financial wellness solutions. Morgan Stanley at Work combines cutting-edge planning and risk management software, Morgan Stanley’s intellectual capital, and financial education delivered through multiple channels to help employees develop a holistic plan to help them achieve their goals financial. Morgan Stanley at Work currently has offices in the United States, Canada, Europe and Asia Pacific.

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