SEATTLE, Wash. – eShares formally acquired SVB Analytics earlier this month, leaving many existing SVB Analytics customers to question whether their valuations will receive continued support moving forward.
A recent blog post by eShares makes several claims that raise suspicion among previous SVB Analytics customers. Some believe that eShares’ assertions conflict with each other and do not indicate that maintenance or improvement in services is likely.
In the press release, eShares provided previous SVB valuation clients until October 15th, 2017, to sign up with them. For many clients, this represents a short window to make a choice about transitioning. The implication of this deadline in the eyes of clients is that previous valuations will not be supported unless the client signs up before October 15th.
Another subject of skepticism include the claim that eShares’ process is automated. Some have pointed out that an automated solution should not take 7 to 10 days to deliver.
eShares also appears to expect previous SVB valuation customers who paid for a single valuation project to sign up for a “409A-as-a-service” subscription. Many customers and competitors point out that 409A valuations are not typically needed on a regular basis, with several years passing between two 409A valuations in some cases. This is being seen as an attempt to cloak high, arbitrary prices and lock customers into a subscription fee to maintain a valid 409A.
For more information, please contact info@redwoodvaluation.com or (650) 331-0291
Media Contact
Company Name: Redwood Valuation Partners
Contact Person: Kris Day
Email: info@redwoodvaluation.com
Phone: (650) 331-0291
Address: 115 N 85th St #202
City: Seattle
State: WA
Country: United States
Website: http://www.redwoodvaluation.com
Source: eShares Acquisition of SVB Analytics Raises Concerns About Valuation Support
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