Menlo Park, CA—June 9, 2020 – AST Private Company Solutions™ (AST PCS) today announced a strategic partnership with Derivatas, a leading valuation solutions provider. Users of AST PCS’s Astrella™ capitalization (cap) table and ownership data management platform will be able to integrate with Derivatas’ services and benefit from best-in-class valuations for private markets, including fair value measurements (ASC 820) for venture capital (VC) and private equity funds, tax compliance valuations (IRC 409A) for startups, as well as deal analyses.
AST PCS, the Silicon Valley-based unit of ownership data management leader AST, recently launched Astrella as a transformative technology in private company shareholder management. The new cloud-based software-as-a-service platform brings together innovative immutable audit trails, artificial intelligence (AI) and predictive analytics and was built with an API-based ecosystem to quickly integrate with leading providers like Derivatas.
In addition to creating a connection between Derivatas and Astrella, AST PCS integrated Derivatas’ sophisticated exit modeling/waterfall analysis and next round calculator into Astrella. Users of Astrella will be able to easily run exit and financing scenarios directly within the Astrella platform.
“Astrella’s cap table and ownership data management platform is a game-changer in private company shareholder management,” states Derivatas CEO Dat Do. “AST is widely recognized for providing sophisticated technology to shareholders. With this partnership we can integrate complex data flows across company valuation, regulatory, and compliance functions in real time. We are excited to work with PCS to provide a new level of integrated functionality to the venture and startup community.”
Adds AST PCS Head of Technology Steve Madeira: “A growing demand for valuation services, driven by complex regulations and corporate structures, makes this partnership attractive. We are excited to join forces with Derivatas, not just to partner on various valuation services but also to provide the most sophisticated exit calculator for privately-held companies. Derivatas’ ambition for a more integrated private equity ecosystem aligns with our own.”
To further introduce this partnership and its benefits for private companies, Derivatas CEO and cofounder Dat Do and AST PCS President Carine Schneider will also present a live webinar on June 10th covering the topic “What is a 409A Valuation (and What Is It Not?)”. Register for Astrella webinars: What is a 409A valuation, and what is it not?
About Derivatas, LLC
Derivatas has been a top provider of valuations to the venture industry since 2011. We are venture industry specialists focused purely on IRC 409A valuations for startups and ASC 820 valuations for venture fund portfolios. We perform more than 1,000 valuations for the venture community every year. More than 100 top VC funds rely on Derivatas for help with portfolio valuations. Being specialists, we have to be the best at what we do. Learn more at derivatas.com.
About AST Private Company Solutions, Inc.
Founded in 2019, AST PCS is an affiliate of AST and is focused on serving private companies worldwide. Astrella, a cloud-based SaaS solution, allows private companies to manage their ownership data, including the cap table and employee equity plans and to connect directly with related service providers to support efficient workflow, and provide access to investors, advisors and employees. For more information, visit astrella.com.