Shareholder InSite, Inc. Acquires Venture Services Division of Quist Valuation

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$4.25 million equity investment fuels acquisition of national valuation services offering and growth plan for Shareholder InSite

“The combination of technology and services of Shareholder InSite with Quist gives VC/private equity firms a uniquely powerful solution to track and manage business valuation and audit processes,” said Joe Maxwell, Shareholder InSite CEO.

Shareholder InSite, Inc. (, the premier provider of shareholder management and analytics solutions to venture capital (VC)/private equity (PE) firms and private companies, announced today that it has acquired the Venture Services Division of Quist Valuation (formally known as Quist Financial, Inc.), a national valuation services provider. Shareholder InSite is not acquiring the Tax & Transaction Services Division of Quist Valuation, which will remain independently available through Quist Financial, Inc. (, a 28-year-old company headquartered in Boulder, CO. Moving forward, Shareholder InSite will offer FAS 157 and IRC 409A valuation services through a division called Quist Valuation Services.

The acquisition is being funded by an external venture equity investment in Shareholder InSite that will also support the company’s growth plans based on its software platform. Combined, the products will offer full cap table and documentation management, deal analysis and financial modeling, a suite of self-valuation features and full-service 157 and 409a valuation offerings. This product and technology suite is the first of its kind for the venture and private company market.

From Partnership to Acquisition:
Shareholder InSite was formed in January, 2012 through the alignment of product offerings and merger of two companies: Nashville, TN-based CapControls, a provider of shareholder data management tools and services for private companies, VC and PE firms, and Qval (Boulder, CO), a technology service company founded as a spin-off of Quist Valuation and a provider of centralized financial data services for VC and PE firms.

“Shareholder InSite and Quist have been working closely together since January integrating technologies and services to give venture firms a uniquely powerful Software as a Service (SaaS) solution to track and to manage business valuation and audit processes,” said Joe Maxwell, CEO and Chairman, Shareholder InSite, Inc. “Working cooperatively with Quist, it became increasingly clear that combining the companies is a smart move for both organizations and for our client base.”

Coinciding with its acquisition of Quist Valuation’s Venture Services Division, today Shareholder InSite also announced the close of a $4.25M Series C equity round of financing with BIP Opportunities Fund LP (Atlanta, GA) as the lead investor.

“BIP is very pleased to have the opportunity to invest and participate in the future strategic direction of Shareholder InSite. We directly see the benefits of its innovative product offerings and the unique opportunity the company has to grow and to succeed in the financial services marketplace,” said Shawn B. Welch, Managing Partner, BIP Opportunities Fund, LP. “We’re confident that Shareholder InSite’s new product features and valuation services will be well received and that will translate into significant sales growth.”

Team, Operations and Locations:
Following the acquisition, Shareholder InSite will add Tom Miller, former President of Quist Valuation, to the leadership team as SVP of Institutional Services. Joe Maxwell and Brett Suchor will continue as CEO and President, respectively. Shawn B. Welch will join Brian P. Golson, Managing Partner at Parthenon Capital Partners (San Francisco, CA) as outside directors for Shareholder InSite.

The acquisition will create a larger footprint for the company, with headquarters in Nashville, TN and offices in Boulder, CO; Seattle, WA; San Francisco, CA; and Winston-Salem, NC.

Product Expansion:
Based on product progress made since January, Qval (Shareholder InSite’s software product offering for institutional investors) has received a significant upgrade. Launched concurrently with this announcement is a new set of valuation-related features to help clients in the audit process. “These tools are highly useful in support of the audit and valuation processes and represent the beginning of capabilities we are delivering through the combination of the two companies,” said Brett Suchor, President of Shareholder InSite.

The acquisition will also enable private companies utilizing Shareholder InSite’s CapControls product to have access to affordable 409a valuation opinions. “Rapid turnaround is enhanced through the data management system,” commented Suchor. “We are finally bringing real automation to an inefficient market.”

Shareholder InSite’s SaaS products and services are currently available for purchase by organizations across North America. For more information, contact sales(at)shareholderinsite(dot)com.

About Shareholder InSite
Founded in 2012 through the merger of CapControls and Qval and its recent acquisition of Quist Valuation Services, Shareholder InSite provides powerful Software as a Service (SaaS) solutions and third party valuation services that help private companies and their investors better track, manage, and analyze shareholder data. Through its team of financial and software professionals, Shareholder InSite offers the premier shareholder administration, transaction analysis software and valuation services to leading VC/PE firms, including August Capital, Benchmark Capital, Third Rock Ventures and client portfolio companies across a wide spectrum of industries.

Media Contact
Amanda Cecconi for Shareholder InSite

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Amanda Cecconi

Patrick Rafter for Shareholder InSite
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