First and leading cloud-based business valuation service announces new version of its patent-pending Valuation as a Service product
PHILADELPHIA--(BUSINESS WIRE)-- BizEquity announced today that it has announced the launch of Independence, a new product and service that reduces the cost of Business Valuations for small business owners and their advisors by 95%. The new subscription service will cost $365.00 a year, or $1 a day, and will help users value their businesses in real-time while comparing their companies against millions of other businesses.
BizEquity’s original technology was purchased by local Philadelphia investor and entrepreneur Michael M. Carter in June of 2010 from Advanta. Since that time, BizEquity has filed over 52 patents and inventions; released two new versions of its product and built a world-class management team and board including the former COO of the AICPA, former head of technology and engineering at Twitter and business valuation guru and author Scott Gabehart. The company has signed six distributors and has over 50,000 businesses users.
The new BizEquity service, available at www.BizEquity.com, is the first “Valuation as a Service™” or VaaS product on the market today. Geared toward small business owners and advisors to small businesses, the service answers the age old question of “What is my or the business worth?” By answering this question, companies can identify what it will receive in the sale of its business; how much the company will dilute or lose ownership in an equity or debt offering; how much insurance the company purchases to protect itself or its owner; and how the company plans for future expenditures for growth. The BizEquity service can be private-labeled by banks and financial institutions.
“Our goal with the Independence service is to democratize data for the small business owner and the advisors that serve them,” stated CEO Michael M. Carter. “The 30 million small business owners and entrepreneurs are the engine that powers our economy. With BizEquity, they now have a way to value their business in real-time for a fraction of the cost of the traditional offline business valuation methods.”
Steve Cordasco host of the “Big Money Show” on CBS Radio and nationally recognized financial advisor and thought leader added, “This is a game changer for the small business owner. Before BizEquity, only big companies could get this type of knowledge at their fingertips. I valued my advisor business using BizEquity and it worked!”
BizEquity is the first online cloud based business valuation service provider. As a pioneer of the Valuation as a Service (VaaS) online business valuation market, BizEquity delivers valuable data and information for the Small and Midsize business segments. Through its proprietary and patent-pending business valuation methodology and cloud based technology, BizEquity delivers a dynamically generated and customized 17 page detailed business report with four different valuations in minutes for fractions of the cost of traditional offline methods. BizEquity has been recently mentioned in USA Today, and on the “Big Talker,” 1210AM WCAU, CBS Radio.
For more information, please visit www.BizEquity.com.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50428899&lang=en
Rebecca Devine, 215-434-7191