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Company History - About bpCentral, Inc. Liquid Scenarios
Since
founding bpCentral, our focus has been on increasing each user’s
competitive advantage each and every time they interact with one of our
applications. Naturally, this involves more than simply enabling
complex calculations to be performed accurately. In fact, during
the first 12 months of developing our new technologies and
applications, we put an inordinate amount of resources into discovering
how to transform the relationships between idiosyncratic
decision-makers and financial information. Our premise was that
if that human to data relationship could be elevated to a new standard,
then the relationships of those professionals with the entities and
individuals they interact with could more efficient and therefore more
valuable.
In response, we
developed CIMPA, the Carver Import Algorithm, a system that allows any
electronic financial information, data or reports to be interpreted by
a receiving system without the need for XML, XBRL, tagging approaches
or extensive manual data entry. As a result of this technology,
the Company’s systems for private equity and venture capital
professionals are able to import data in a matter of seconds, instead
of a matter of hours.
Similarly, the Company noted that when users attempted to calculate the
outcomes of complex liquidation preferences, anti-dilution provisions
and other complex terms that are common to VC/PE transactions, any
output was virtually impossible to verify without a costly audit of the
formulas. Since the formulas were generally based in excel, this
meant that few if any partners or other key investment professionals
could afford to expend the effort to verify how amounts were arrived
at. Upon further consideration, the Company realized that, to a
certain extent, this was true of all financial reports. For
traditional financial statements, this point is evidenced in the fact
that notes to financial statements typically occupy several times more
pages than the actual financial reports do. This realization
inspired the Company to develop a system it calls OferX, which presents
all financial information in a manner that allows any user to audit and
see how amounts were calculated (in an easy to understand, quantifiable
manner) without the need for extensive textual descriptions.
Together these unique tools form the foundation for the Company’s
offerings, which are backed by over 21 patent pending technologies.
Pays For Itself In One Click
With
a single click, a process that would cost thousands in back-office
time, and require at least an hour of partner time to qualify, is
reduced to seconds.
bpCentral in The News
"Microsoft
is pleased that bpCentral has earned the Certified for Windows Vista
software logo for their Liquid Scenarios 2007 Desktop and DownRound
2006 Desktop applications," said Brad Goldberg, General Manager for
Windows Vista Product Management at Microsoft Corp. "By certifying
their applications, bpCentral is letting their customers know that
their product has met explicit standards of reliability and quality,
and has been tested and proven to deliver a superior experience with a
PC running Windows Vista.".
Lorenzo Carver wants to put more analytical power into the hands of venture capitalists and other financial advisers.
Carver, a CPA who consulted for investment professionals, spent the
past three years developing a software that lets venture capital
partners perform complex analyses on handheld devices, such as the Palm
Treo 700w, Motorola Q and HP 6500, as well as laptop and desktop
computers.
Over the Summer Lorenzo Carver and Ben Montalbano (Chief Knowledge
Architect and Communications Manager, respectively) from bpCentral gave
4vco a demonstration of their soon-to-be-launched software, Liquid
Scenarios 2007 for Handhelds and Smartphones. The software aims to
address the need for modelling financing and exit transactions and is
targeted at front office venture capital professionals, their advisors
and the staff at investee companies with whom they deal.
The demonstration illustrated how the software can almost immediately
show the results of changes in anti-dilution provisions, option pool
increases, warrants and any of the other many terms that apply to the
current or previous financing rounds.
Press Releases
"Microsoft
is pleased that bpCentral has earned the Certified for Windows Vista
software logo for their Liquid Scenarios 2007 Desktop and DownRound
2006 Desktop applications," said Brad Goldberg, General Manager for
Windows Vista Product Management at Microsoft Corp. "By certifying
their applications, bpCentral is letting their customers know that
their product has met explicit standards of reliability and quality,
and has been tested and proven to deliver a superior experience with a
PC running Windows Vista."
Interview: A conversation with the founder and chief knowledge architect of bpCentral Inc. By The Denver Post
Carver, a CPA who consulted for investment professionals, spent the
past three years developing a software that lets venture capital
partners perform complex analyses on handheld devices, such as the Palm
Treo 700w, Motorola Q and HP 6500, as well as laptop and desktop
computers.
Over the Summer Lorenzo Carver and Ben Montalbano (Chief Knowledge
Architect and Communications Manager, respectively) from bpCentral gave
4vco a demonstration of their soon-to-be-launched software, Liquid
Scenarios 2007 for Handhelds and Smartphones. The software aims to
address the need for modelling financing and exit transactions and is
targeted at front office venture capital professionals, their advisors
and the staff at investee companies with whom they deal.
The demonstration illustrated how the software can almost immediately
show the results of changes in anti-dilution provisions, option pool
increases, warrants and any of the other many terms that apply to the
current or previous financing rounds.
BOULDER, Colo., Oct. 12 /PRNewswire/ -- bpCentral, Inc. today announced
the world's first handheld software applications that allow venture
capital partners and their portfolio companies' executives to perform
complex pricing and liquidity analysis while virtual, mobile or remote.
With the launch of Liquid Scenarios® 2007 and DownRound(TM) 2006 for
Palm Treo 700w, Motorola Q and HP6500, bpCentral's proprietary tools
import financial reports in seconds simply by clicking on a workbook
file (CIMPA(TM)). The application reduces the thousands of words found
in financial report notes to a single, dynamic file (OferX(TM)). |
