SVB Analytics Acquires Stock Option Management (Equity Enterprise from Boardroom Software) Capability for Public Companies - 12 Jan 2010

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SVB Analytics Acquires Stock Option Management Capability for Public Companies


 

SVB Financial Group Expands Platform for Companies of All Sizes



SAN FRANCISCO, Jan. 12 /PRNewswire-FirstCall/ -- SVB Analytics,
a leading provider of valuation services and corporate equity
management solutions, acquired a capitalization table and option
tracking management solution for public companies, giving SVB Analytics
the ability to offer this service to public corporations in addition to
the private companies it serves today.  The acquisition of Equity
Enterprise from Boardroom Software continues to build SVB's platform
for companies at all stages of development, including public companies.


"Our
focus is serving the financial needs of technology and life science
companies, regardless of their size or life stage," said Greg Becker,
president of Silicon Valley Bank. "To support our clients' long-term
growth we continue to offer the diverse products and services they need
as they mature, and the acquisition of Equity Enterprise is another
part of that solution."


SVB
Analytics' currently has more than 1,700 companies on its cap table and
option tracking solution, which is called CapMx*.  One of the most
widely used equity management solutions, CapMx helps companies, their
investors and their law firms easily and accurately track and analyze
corporate ownership while meeting reporting and compliance requirements
for these increasingly intricate private capital structures. CapMx
manages all aspects of corporate equity including reporting and FAS
123R (ASC 505) option accounting in one software solution.


"With
the added ability to serve public companies and complex LLCs we will be
able to grow our business, but more importantly, we'll be able to help
private company clients make that important step toward an IPO," said Jim Anderson, president of SVB Analytics,
a member of SVB Financial Group. "Our aim is to provide complete and
continuous support for our clients throughout their life cycle."


The
solution acquired by SVB Analytics is also primarily used by companies
in the technology and life science sectors. SVB Analytics will now
offer publicly traded companies the same functionality and high quality
service that it offers private corporate clients today. As part of the
acquisition, SVB Analytics hired all the Boardroom Software employees
involved with the Equity Enterprise solution. SVB Analytics expects to
grow its business through this acquisition with the added ability to
assist IPO candidates and other public companies.  Over time, SVB
Analytics/ eProsper will bring the best features of CapMx and Equity
Enterprise together in one platform.


*CapMx is provided by eProsper, which is majority owned by SVB Analytics.


About SVB Analytics and eProsper


SVB Analytics, a member of SVB Financial Group (Nasdaq: SIVB),
is the majority owner of  eProsper, which provides on-demand corporate
equity administration, analytics and capitalization management software
to private, venture-funded companies through its industry-leading,
Web-based software, CapMx.  SVB Analytics also provides valuation
services for companies and investors related to IRC 409A, FAS 123R, FAS
141/142 and FAS 157. More information can be found at www.svb.com/svbanalytics.


SVB
Analytics is a non-bank affiliate of Silicon Valley Bank. EProsper is a
majority-owned subsidiary of SVB Analytics and a non-bank affiliate of
Silicon Valley Bank. Products and services offered by SVB Analytics and
eProsper are not insured by the FDIC or any other Federal Government
Agency and are not guaranteed by Silicon Valley Bank or its affiliates.
Silicon Valley Bank is a member of the FDIC and the Federal Reserve
System and it is the California bank
subsidiary of SVB Financial Group, which is also a member of the
Federal Reserve System. SVB analytics and eProsper do not provide tax
or legal advice. Please consult your tax or legal advisors for such
guidance.
 


SOURCE SVB Analytics



RELATED LINKS

http://www.svb.com/svbanalytics

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