ATLANTA & CAMP HILL, Pa.--(EON: Enhanced Online News)--AlgoValue, Inc., the Atlanta-based software development company, today announced its intent to join forces with the Camp Hill-based data provider BizMiner, to create a joint venture in order to meet the growing demand for sophisticated, technological tools and readily available market analyses for valuation practices.
By combining the technological innovation of AlgoValue’s valuation software with BizMiner’s highly granular analytical reports, benchmarking and market trend studies, the anticipated joint venture would provide customers with a more efficient, robust and affordable alternative to current valuation resources. The joint venture between AlgoValue and BizMiner will provide customers with a bundled product that will make available AlgoValue’s highly advanced, yet user-friendly, valuation tool along with the most granular industry-specific statistical reports on the market.
The bundled product would address the US, European and Asian valuation market consisting of thousands of firms and independent professionals, as well as investment bankers, venture capital firms and private equity investors. The bundled product will be available through the websites of both AlgoValue and BizMiner, or by contacting their respective sales departments.
AlgoValue, headquartered in Atlanta, was founded in 2010 to provide cloud-based software to valuation firms, accounting firms, venture capital companies and private equity investors across the U.S. and worldwide. The company offers a unique solution that is fully compliant with all regulatory and professional standards to facilitate the valuation of equity securities of privately-held companies. AlgoValue addresses a variety of critical business needs, including tax and financial reporting (409A, portfolio valuation, ESOPs), litigation support, M&A, valuations of investments in real estate partnerships with preferred returns, and financial modeling. The software accommodates all types of equity arrangements, including those with wide ranges of participation rights between preferred share classes. A large number of customers performing valuations powered by AlgoValue have been audited by accounting firms, including the Big 4 global accounting firms, with 100% audit success.
BizMiner, headquartered in Camp Hill, PA, was established in 1990 as an economic development consulting firm. In 2002 the company began to provide hard-to-find, granular quality data to the valuation industry. Today hundreds of subscribers and thousands of customers attest to the success of that effort. BizMiner’s quality products have been recognized by professional associations, the Internal Revenue Service and Business Week, among others.