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Certent Announces Expanded Equity Management Solution for Startups and Early Stage Growth Companies
By: PR Newswire
Apr. 16, 2018 11:13 AM
PLEASANTON, Calif., April 16, 2018 /PRNewswire/ -- Certent, Inc., a leading provider of SaaS solutions for equity compensation management, today announced a new offering geared towards startups and early stage private companies that combines capitalization table management and reporting with 409A valuations.
The new offering addresses the needs of private companies early in their lifecycle, including seed stage and Series A companies. These businesses can leverage this cost-effective solution for cap table management, waterfall and what-if analysis, and 409A valuations. As companies' scale, modules can be seamlessly added for equity plan management, employee access, tender offers, and financial and regulatory reporting.
"Small private companies do not require the kind of complex equity management solution that larger firms demand, but rather a scalable solution that grows with them over time," said Jorge Martin, General Manager of Equity Management at Certent. "Combining these capabilities into a single cohesive offering brings a powerful cloud-based solution to customers that scales with their needs."
As part of the new solution, Certent will offer 409A valuation services powered by partnerships with highly qualified valuation firms, and provide customers the ability to comply with IRS Regulation T.D. 9321 which safeguards conflicts of interest. Certent has initially partnered with Meld Valuation, an independent business valuation and securities analysis firm based in San Francisco.
"We are very excited with our collaboration with Certent," said Dan Eyman, Managing Director of Meld Valuation. "Certent's equity management platform and their expertise in small private company markets dovetails closely with our approach to delivering a high-quality valuation solution."
About Meld Valuation
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