Israeli FinTech firm AlgoValue launched a new product Thursday that aims to simplify the valuation process for public and private companies. The Enterprise Valuator, which relies on the same methodology employed by leading investment banks and accounting firms, uses an automated system to determine the valuation in minutes.
For $60 a month, users will receive access to the product with its database of more than 11,000 publicly traded companies. AlgoValue further provides a secure system to share the both the inputs and the outputs of the valuation with all parties involved in any potential transaction.
AlgoValue was founded in 2011 by two former PriceWaterhouseCoopers valuation experts Raphael Meyara and Tsachi Hageg with the hope of streamlining the time-consuming valuation process for entrepreneurs, investors, and other firms.
The Tel Aviv-based firm’s SaaS (Software as a Service) platform, and its expanding product suite, provides quick analysis for a variety of valuations, including financial reporting, tax compliance, and capital transactions. Their products meet regulatory requirements and are AICPA, US GAAP, and IFRS compliant.
The Enterprise Valuator joins the company’s Term Sheet Analyzer and 409A/ASC 820 Compliance Wizard, which provide a “complete solution which avoids costly Excel errors”, according to AlgoValue.
Published by Globes [online], Israel business news - www.globes-online.com - on September 10, 2015
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