On February 23, 2021, Morgan Stanley announced that it has entered into an agreement to enable privately held companies currently using Wilson Sonsini Goodrich & Rosati's proprietary capitalization management software to migrate to Morgan Stanley’s Shareworks by Morgan Stanley (Shareworks) capitalization and stock plan platform.

“Wilson Sonsini has been a pioneer with innovative applications that simplify and accelerate complicated legal processes. Our capitalization software was among the first in the industry and the only one developed by a law firm,” said David Wang, Wilson Sonsini's chief innovation officer. “As we continue to evolve how we serve as trusted legal and strategic advisors to our clients through their entire life cycle, we are excited about the opportunity to provide an even more efficient and technology-driven capitalization management experience for our clients with a state-of-the-art solution like Shareworks.”

Shareworks offers equity plan management solutions that help private and public companies drive workforce performance by building a culture of ownership. Its software and services help companies attract and engage employees, simplify share plan management, provide disclosures, and support tax and legal compliance.

For more information on the transaction, see Morgan Stanley's press release.