Commercialized Financial Modeling SaaS Company
Hilco Streambank is seeking indications of interest in investment, partnership, or acquisition opportunities associated with enterprise financial modeling SaaS platform ClearFactr. ClearFactr is a patent-protected, commercialized software platform purpose-built to create, share, and scale financial modeling solutions on an enterprise level.
Founded in 2013, ClearFactr serviced a number of enterprise clients before being acquired by Goldman Sachs in 2018, where the technology was implemented and continues to be utilized across the firm by custom software solutions developers, data engineers, analysts, valuation experts, and more. Faced with the opportunity to spin out ClearFactr and bring the platform to a wider market, founder, CEO, and longtime Wall Street veteran Dean Zarras has retained Hilco Streambank to lead the effort to identify paths forward with new, value-maximizing partners.
The platform enables developers to leverage the combination of a web-based, familiar spreadsheet interface and calculation engine, a simple but powerful API, and is differentiated from other platforms in the field by eliminating the need to carry datasets inside the spreadsheet itself. The result is a groundbreaking paradigm shift in the way spreadsheet-like applications are architected, deployed, and managed.
The software’s spreadsheet interface optimizes financial modeling for a wide range of end users who traditionally relied upon spreadsheets, and in doing so, took on a myriad of operational risks. For developers of all kinds, it solves numerous problems they’ve faced for decades, with the ultimate beneficiary being the end users via receiving a more powerful solution in less time. For organizations as a whole, ClearFactr facilitates the accumulation of software assets, not liabilities.
