BOULDER, Colo. & NASHVILLE, Tenn.--(BUSINESS WIRE)--Increased SEC scrutiny into how businesses are valued and how they track performance is driving an unprecedented imperative for improved accuracy, integrity, and accountability in financial reporting by private and public companies.
Directly addressing this imperative, Quist Valuation and Shareholder InSite today announced a strategic partnership to offer complementary services and tools to help Venture Capital/Private Equity investors and their portfolio companies meet new compliance requirements and improve valuation reporting.
The partnership between Quist Valuation (a leading provider of business valuation services for 25+ years) and Shareholder InSite (developer of the premier shareholder management product suite), is driven in part by demand from the companies’ combined world-class client roster of startups, large private companies, and Fortune 10 public companies, as well as top-rated Venture Capital/Private Equity firms, including Kleiner Perkins, Sequoia, Benchmark Capital, Charles River Ventures, Foundry Group, and Menlo Ventures.
The combination of Quist/Shareholder services and software tools will help financial professionals to:
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Navigate the complexities of valuation for compliance requirements
including
IRC 409A, ASC 718 (FAS 123R), ASC 805 (FAS 141R), ASC 820 (formerly FAS 157) - Efficiently manage financial, capital structure and shareholder data
- Perform sophisticated transaction analysis for exit and financing events including distribution waterfalls
- Develop and report on financial measurements
- Ensure accurate and informative measurement and reporting
- Streamline shareholder, investor and portfolio company communications
Win-Win All Round
Through the partnership, Shareholder InSite clients will benefit from lower-cost valuation services delivered by Quist Valuation, whose own clients will benefit from discounted services provided by Shareholder InSite. Moving forward, the companies are jointly developing, and soon plan to introduce, a cloud-based valuation toolset empowering the venture community and portfolio companies to better meet the growing regulatory scrutiny surrounding valuation. Detail of new products and services will be announced at the upcoming NVCA 2012 Annual Meeting in April.
“Our clients are very bullish about the combination of Shareholder InSite products and Quist Valuation services,” said Thomas Miller, President, Quist Valuation “We believe this partnership will be a game-changer and true differentiator in the business valuation services industry and a real benefit to private companies and their investors.”
Growing Market
Whether the future economy will bring more corporate bankruptcies and restructuring, or improve from an uptick in mergers and acquisitions and exits through IPOs-- demand for business valuation services and software will continue to grow. Market research analyst IBISWorld projects the Business Valuation industry will grow to $3.1 billion by 2016.
About Quist Valuation
Founded in 1984, Quist Valuation has grown into one of the nation's leading independent business valuation and securities analysis firms. Our expert staff of Chartered Financial Analysts, Accredited Senior Appraisers and economists guides public and private companies and investment entities through the ever-evolving intricacies of financial reporting, corporate finance, tax compliance and related litigation support. With our time-tested, unbiased process, Quist Valuation reporting consistently stands up to the scrutiny of the Internal Revenue Service, Securities and Exchange Commission and U.S. Department of Labor. www.quistvaluation.com
About Shareholder InSite
Founded in 2012 through the merger of CapControls and Qval, Shareholder InSite provides powerful Software as a Service (SaaS) solutions to help private companies and Venture Capital and Private Equity investors better track, manage, and analyze shareholder data. Through its team of financial and software professionals (based in Nashville, TN and Boulder, CO), Shareholder InSite offers the premier shareholder administration and transaction analysis software to leading VC/PE firms including August Capital, Benchmark Capital, Third Rock Ventures and client portfolio companies across a wide spectrum of industries.