Menlo Park, CA—May 11, 2020— AST Private Company Solutions™ (AST PCS) today has announced a new strategic partnership with Economics Partners – A Ryan Company (EP) as a provider of 409A valuation and other private company valuation services. Users of PCS’s recently launched Astrella™ capitalization (cap) table and ownership data management platform will have access to the new integration.
Astrella was developed by Equiniti PCS, the Silicon Valley-based business unit of ownership data management leader AST, using transformative technology to build a new cloud-based software-as-a-service (SaaS) platform. The solution brings together private blockchain technology, artificial intelligence (AI) and predictive analytics to catapult the space forward. Astrella is built with an API ecosystem to allow seamless integration with leading providers like Economics Partners, whose valuation calculation is critical to determining companies’ current stock strike pricing as well as remaining within IRS tax compliance as ownership composition evolves.
The agreement represents the first among a growing roster of top-tier partners that AST PCS is set to announce in coming weeks, covering a wide-range of related private shareholder requirements all with the objective of providing rapid data access, efficient workflow and the best possible end-to-end user experience to companies that join the Astrella platform.
“AST PCS works at a confluence of key needs for private companies seeking cap table management and ownership tracking software, and that’s why we’re so excited for this partnership,” EP Principal Trent Read states. “We have been fortunate to be a valuation provider for a number of cap table management market participants and Astrella outshines on multiple fronts. Their experienced leadership understands the needs of private companies throughout their lifecycle, deployed the newest technology and best practices throughout their software development, and are keen to work with recognized leaders for related services like valuation—rather than trying to be ‘all things to all people.’ Instead, AST PCS is creating a trusted circle of national best-of-breed service providers, and this will lead to clients on their platform getting white glove treatment for needed services—including as they work with us for valuation.”
AST PCS President Carine Schneider adds, “Economics Partners was a natural choice for us as a preferred provider of valuation services to companies on our platform, working nationally with clients that range from pre-seed start-up companies to Fortune 100 public companies. Over time their team has proven very effective at integrating seamlessly with technology providers, and companies on our platform will have integrated cap table management plus valuation offering with scalable, elegant software and bespoke valuation services—all at great pricing. By building an efficient API tool that connects Economic Partners and Astrella, our joint clients will have a seamless experience.”
About Economics Partners – A Ryan Company (EP)
EP is a national leader in valuation, transfer pricing, and financial advisory services. EP not only provides its services to many of the Fortune 500 and Global 500 companies, but also provides the same level of service to smaller private and venture-backed companies. Professionals at EP have pedigrees that include many of the other top professional services firms in the world. The firm prides itself on delivering intelligent, customized solutions for each client while doing so efficiently and at very competitive fee levels. EP was acquired by Ryan, LLC in November of 2018. Ryan is a national leader in corporate tax services. For more information, visit www.econpartners.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 www.astrella.com.
AST was originally founded as a transfer agent over 45 years ago. Through organic growth and strategic acquisitions, AST has pioneered a new model of integrated ownership data management, advisory services and financial technology in the industry. AST affiliates include AST Trust Company (Canada), D.F. King & Co, Inc., AST Private Company Solutions, Inc., and Donlin, Recano & Company, Inc.
Today, AST offers a full scope of ownership services that include registry services, corporate proxy solicitation and advisory solutions, employee plan services, information agent, mutual fund proxy solicitation, shareholder identification and asset recovery offerings. For more information, please visit www.astfinancial.com.