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.
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SOURCE Hilco Streambank