MENLO PARK, CA – Today at the opening of NVCA 2012, the Annual Meeting of the National Venture Capital Association, Square 1 Bank, a premier provider of financial services to entrepreneurs and their investors, announced it has signed a letter of intent to develop a strategic partnership with Shareholder InSite to provide shareholder administration tools to venture capital and private equity firms and their portfolio companies.
Venture capital firms face unique challenges in collecting, organizing, analyzing, and acting upon portfolio company data. The Qval solution from Shareholder InSite is a cloud-based service that reduces the time and effort required to manage this data, while providing insightful decision support.
“By using Qval, our clients can make better decisions, provide more useful and transparent reporting, and spend less time on collecting and validating portfolio company data,” said Judith Erwin, Founder and EVP of Venture Capital Services at Square 1 Bank. “We continue to seek ways to support our clients, and our potential partnership with Shareholder InSite will provide our clients with a powerful decision support tool.”
“Square 1 has a stellar reputation as a bank that is committed to strong client relationships, use of cutting edge technologies, and for innovation in support of industry standards and transparency. Through the development of a partnership with Shareholder InSite (and our preferred partner Quist Valuation), Square 1 Bank amplifies that reputation by facilitating the delivery of independent, value-added services that will remove administrative headaches and hurdles, and which simplify otherwise tedious accounting and analytical processes,” said Joe Maxwell, CEO and Chairman of Shareholder InSite.
About Square 1 Bank
Square 1 Bank is a full service commercial bank dedicated exclusively to serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion. Square 1's expertise, focus and strong capital base provide solid support for its clients' needs. The bank offers tailored products and solutions aided by the latest in technological innovations. To serve its relationships, Square 1 has offices coast to coast in Austin, Boston, Boulder, Durham, McLean, New York, San Diego, Santa Monica, Seattle, and Silicon Valley. For more information, visit www.square1bank.com.
About Shareholder InSite
Founded in 2012 through the merger of CapControls and Qval, Shareholder InSite provides powerful Software as a Service (SaaS) solutions to help private companies and Venture Capital and Private Equity investors better track, manage, and analyze shareholder data. Through its team of financial and software professionals (based in Nashville, TN and Boulder, CO), Shareholder InSite offers the premier shareholder administration and transaction analysis software to leading VC/PE firms including August Capital, Benchmark Capital, Third Rock Ventures and client portfolio companies across a wide spectrum of industries. www.shareholderinsite.com.
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