Connect with us

Technology

ClearFactr: Enterprise Financial Modeling Software Platform Spins Out from Investment Bank

Published

on

IP Advisory Firm Hilco Streambank Seeking Interest

NEW YORK, July 22, 2024 /PRNewswire/ — Hilco Streambank announced it is seeking indications of interest in business opportunities with enterprise financial modeling SaaS platform ClearFactr. Hilco Streambank invites interested parties to view more information here, or to contact its professionals directly at project+finmodel@hilcoglobal.com

ClearFactr is a platform purpose-built to create, share, and scale financial modeling solutions on an enterprise level. The platform enables developers to leverage the combination of a web-based, familiar spreadsheet interface and calculation engine, and a simple but powerful API. The combined capabilities address pervasive obstacles faced by developers and spreadsheet users including burdensome data management, version control, complicated coding, audit visibility, and more. Most notably, ClearFactr’s patented capabilities allow users to query and model, in real time, massive datasets maintained in one or more external data warehouses, solving the age-old problems stemming from attempting to carry this data in the spreadsheet itself.

The web component offers unique capabilities whereby developers and their audiences can more rapidly understand and collaborate around the business logic in the models, leverage richly visualized sensitivity and scenario analyses, version management down to the cell level, and more, all with little to zero coding. The API notably contains the ability to easily use models as headless calculators, enabling developers to incorporate their ecosystem of ClearFactr models into their larger solutions in a way that users can see, and via fine-grained entitlements, maintain aspects of the overall business logic. The overall platform represents an architectural paradigm shift that facilitates bringing new and powerful custom solutions in record time.

ClearFactr was acquired by Goldman Sachs in 2018 and was successfully implemented and utilized internally through the present. Faced with the opportunity to spin out ClearFactr and bring the platform to a wider market, ClearFactr founder and CEO and longtime Wall Street veteran Dean Zarras stated, “While grateful for the opportunities provided via Goldman Sachs, including having worked with some truly incredible people, I’m also super excited to announce that I’m once again back at the helm as the sole owner of ClearFactr, and have embarked on a path to maximize its full potential.” Zarras continued, “ClearFactr offers an exceedingly powerful suite of visualizations and analytics, all driven in real time by a user-friendly API and external data sources. That latter capability, in particular, can and should usher in a paradigm shift in the way spreadsheet-like applications are architected, deployed, and managed, to the massive benefit of all parties and to the data itself, both consumed and produced. All of this can be done with astonishing time to market.”

Hilco Streambank is excited to work with ClearFactr and Zarras, who commented, “Bringing this full power to market will require partners, and the first one I’ve engaged with is Hilco Streambank, who is leading an effort to find more.” Hilco Streambank CEO Gabe Fried said, “ClearFactr’s powerful, user-friendly software is optimal for investment bankers, auditors, controllers, accountants, and anyone who conducts financial modeling to make those operations more effective and efficient. External, real-time database querying means users can work with larger datasets than ever before, an increasingly important capability in today’s Information Age.” Speaking to the business opportunities available, Fried noted, “ClearFactr can be a secret weapon for a firm that wants to use the software exclusively in-house to go to market more quickly and with superior models, or it can be broadly commercialized under an enterprise solutions model. Custom software solutions providers, financial services and analytics firms, and venture capitalists in enterprise software should all be paying attention to this.” Fried continued, “ClearFactr’s founder brings to the table decades of experience developing financial services platforms on Wall Street and is sure to be an incredible value add on a go-forward basis. He is highly motivated to ensure the ongoing success and growth of the technology and the company and will be an invaluable asset.”

The ClearFactr platform is enabled by proprietary software and is protected by issued U.S. utility patents covering key features and functionalities centered around financial modeling and scenario analysis, including, importantly, real-time integration with and analysis of external data sources.

Gabe Fried

CEO

617.458.9355

Jordon Parker

VP

719.821.0894

Stella Silverstein

Analyst

646.651.1953

About Hilco Streambank: Hilco Streambank is a market-leading advisory firm specializing in intellectual property valuation, advisory, and monetization. Having completed numerous transactions, including sales in publicly reported transactions, private transactions, and online sales through IPv4.Global, Hilco Streambank has established itself as the premier intermediary in the consumer brand, internet, technology, and telecom communities. Hilco Streambank is part of Northbrook, Illinois-based Hilco Global, the world’s leading authority on maximizing the value of business assets by delivering valuation, monetization, and advisory solutions to an international marketplace. Hilco Global operates more than twenty specialized business units offering services that include asset valuation and appraisal, retail and industrial inventory acquisition and disposition, real estate, and strategic capital equity investments.

View original content to download multimedia:https://www.prnewswire.com/news-releases/clearfactr-enterprise-financial-modeling-software-platform-spins-out-from-investment-bank-302203138.html

SOURCE Hilco Streambank

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Kratos Capital Announces Acquisition of Weldon Services by Upchurch Services, LLC

Published

on

By

This acquisition strengthens Upchurch’s market position while unlocking new growth potential for Weldon Services.

DALLAS, Sept. 27, 2024 /PRNewswire-PRWeb/ — Kratos Capital, a leading mergers and acquisitions advisor for privately held, middle-market businesses, is pleased to announce the successful acquisition of Weldon Services by Upchurch Services, LLC, a portfolio company of Broadwing Capital. This strategic acquisition allows Upchurch Services, LLC to enter the highly sought-after Dallas/Fort Worth Metropolitan Statistical Area (MSA), expanding their market presence and service capabilities. The deal was closed on September 12, 2024.

Weldon Services, known for providing exceptional mechanical, electrical, and plumbing (MEP) services across Dallas and Ft. Worth, brings decades of expertise and a strong client base. By joining forces with Upchurch Services, LLC, a prominent provider of specialty contracting services backed by Broadwing Capital, both companies are poised for significant growth.

This acquisition provides Upchurch with an important foothold in the Dallas/Fort Worth MSA, one of the fastest-growing metropolitan areas in the country. The region offers significant opportunities for expansion in commercial and residential markets, and the addition of Weldon Services’ capabilities further strengthens Upchurch’s service offerings in mechanical and electrical contracting.

Kratos Capital, a trusted name in managing complex M&A transactions, facilitated the deal, ensuring a seamless integration of Weldon Services into the Upchurch portfolio. The partnership between Weldon Services and Upchurch Services, LLC is expected to create new opportunities for both companies while enhancing their ability to deliver top-tier services to clients in the region.

Additional information regarding Kratos Capital, its M&A services, and previous M&A dealings can be found on the company website.

Kratos Capital is a distinguished M&A firm with over a century of combined experience in the industry, dedicated to exceeding client expectations through expertly crafted exit strategies that maximize shareholder value. Serving clients across the United States, Canada, and South America, they specialize in enhancing the sale and divestiture process using proprietary technology and a principal mentality to ensure successful and satisfying transitions.

Media Contact

Josh Bammel, Kratos Capital, 1 (214)684-9101, josh@kratoscap.comhttps://www.kratoscapital.com/

View original content to download multimedia:https://www.prweb.com/releases/kratos-capital-announces-acquisition-of-weldon-services-by-upchurch-services-llc-302259591.html

SOURCE Kratos Capital

Continue Reading

Technology

AT&T Declares Dividends on Common and Preferred Shares

Published

on

By

DALLAS, Sept. 27, 2024 /CNW/ — The board of directors today declared a quarterly dividend of $0.2775 per share on the company’s common shares, payable November 1, 2024.

Key Takeaways:

The board of directors declared a quarterly dividend of $0.2775 per share on the company’s common shares.Dividends on common stock as well as Series A and Series C preferred stock are payable on November 1, 2024.

The board of directors of AT&T (NYSE: T) today declared a quarterly dividend of $0.2775 per share on the company’s common shares.

The board of directors also declared quarterly dividends on the company’s 5.000% Perpetual Preferred Stock, Series A and the company’s 4.750% Perpetual Preferred Stock, Series C. The Series A dividend is $312.50 per preferred share, or $0.3125 per depositary share. The Series C dividend is $296.875 per preferred share, or $0.296875 per depositary share.

Dividends on the common stock and Series A and Series C preferred stock are payable on November 1, 2024, to stockholders of record of the respective shares at the close of business on October 10, 2024.

About AT&T

We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at about.att.com. Investors can learn more at investors.att.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/att-declares-dividends-on-common-and-preferred-shares-302261477.html

SOURCE AT&T

Continue Reading

Technology

Renal Support Network to Host 31st Annual Kidney Disease Education and Lifestyle Meeting Virtually

Published

on

By

Hope Week 2024 Offers Five Days of Inspiration, Education, and Support for People Living with Kidney Disease, Their Families, and Healthcare Professionals

GLENDALE, Calif., Sept. 27, 2024 /PRNewswire-PRWeb/ — Renal Support Network (RSN) will host its 31st Annual Kidney Disease Education and Lifestyle Meeting from October 9th-13th, 2024. For over three decades, RSN has hosted this highly regarded event, providing education, resources, and support for people living with kidney disease, their families, and healthcare professionals. This event, aptly named Hope Week, will continue this tradition with a focus on fostering hope and empowerment for those affected by kidney disease.

RSN Founder/ President Lori Hartwell reflects, “Fear arises from a lack of understanding, and loneliness can be eased by connecting with a community that truly understands what you’re going through. Hope Week addresses these challenges. Knowledge and confidence in navigating care is within reach.”

Each day of the event will center on a different stage or aspect of chronic kidney disease (CKD), covering topics such as diagnosis, dialysis, kidney transplant, and daily lifestyle challenges. Esteemed healthcare professionals, along with those from within the kidney community who have learned to thrive in spite of having kidney disease, will share their expertise, advice, and personal stories, offering valuable insight into living and thriving with CKD.

RSN remains committed to equitable access to information and resources, ensuring that no individual faces barriers to participation. By utilizing a virtual platform, the meeting allows those who may face physical, geographic, or financial constraints to engage fully in the event.

Hope Week provides not only education but also inspiration and a chance to connect with a supportive community of people who have been there. It’s a unique opportunity to hear firsthand from those who have walked the path and to learn about the latest advancements in kidney care.

RSN Founder and President Lori Hartwell reflects, “Throughout my journey—marked by more than 50 surgeries, 13 years on dialysis, and four kidney transplants—I’ve faced some of life’s toughest lessons. These were not the lessons you learn in school, but ones born from personal experience. I know many of my peers share the same fears and feelings of isolation that I’ve experienced. Fear often arises from a lack of understanding, and loneliness can be eased by connecting with a community that truly understands what you’re going through. That’s exactly what Hope Week provides: five days of inspiration and education designed to address these challenges. One of the cornerstones of RSN is the motto, ‘an illness is too demanding when you don’t have hope’, and Hope Week is here to remind everyone that connection, knowledge and confidence in navigating care is within reach.”

Key Event Highlights:

There are no fees to attend.

Free Gift for Attending: All attendees receive a complimentary gift from RSN.

The event starts later in the afternoon on the weekdays so that people who work can attend.

Daily Focused Sessions: Each day will highlight a different stage or aspect of CKD, including topics such as diagnosis, dialysis, kidney transplants, and the management of daily lifestyle issues.

Expert Speakers and Panelists: Renowned healthcare professionals and experts from the kidney community will offer advice and discuss the latest developments in kidney care.

Patient and Caregiver Stories: Attendees will have the opportunity to hear inspiring personal stories from patients and caregivers who have firsthand experience managing CKD.

Interactive Q&A Sessions: Participants will be able to engage directly with speakers and panelists, asking questions and gaining insight into various aspects of kidney disease management.

Access for All: The virtual platform ensures that individuals from across the globe can participate, regardless of their location or circumstances.

Networking and Support: Hope Week will also feature opportunities to connect with others who are experiencing similar challenges, creating a supportive and uplifting environment.

Youth and Family Day: Parents share their tips for coping with challenges of a busy family life and young adults share their stories about transitioning to adulthood, finding independence, a career, dating and school.

Lifestyle Expo: Explore virtual booths featuring kidney-friendly products, services, and resources.

To see the full agenda and to register go to RSNHope.org/HopeWeek.

RSN would like to thank our 2024 Hope Week sponsors: Akebia, Amgen, Alexion, Ardelyx, AstraZeneca and U.S. Renal Care.

The Renal Support Network is a Registered 501(c)(3) Non-profit and serve people throughout the United States.

Lori Hartwell founded Renal Support Network in 1993 to empower people who have kidney disease to become knowledgeable about their illness, proactive in their care, hopeful about their future and make friendships that last a lifetime. Lori suffered kidney failure at the age of two, survived 50+ surgeries and 13 years of dialysis, and is now living with her fourth kidney transplant.

RSN’s hopeful and life-enriching, non-medical programs help people who have kidney disease and their families, whether they are in the early stages of the disease, are on dialysis, or have received a transplant. www.RSNhope.org.

Media Contact

Suzette Maffi, Renal Support Network, 1 (818) 543-0896, Info@RSNhope.org, https://www.rsnhope.org/

View original content to download multimedia:https://www.prweb.com/releases/renal-support-network-to-host-31st-annual-kidney-disease-education-and-lifestyle-meeting-virtually-302259594.html

SOURCE Renal Support Network

Continue Reading

Trending