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PRINCETON,
NJ – October 26, 2004
Waterford Advisors LLC, a corporate finance and
strategic advisory firm serving emerging and established companies, announced
today the launch of NUMERIA (www.numeria.us),
a platform that delivers objective and robust corporate valuations in real-time
from multiple independent analysts.
NUMERIA serves private companies that are raising capital,
negotiating joint venture or M&A transactions, or evaluating the effect of
key strategic decisions on their enterprise value. NUMERIA is the first
technology platform to facilitate real-time communication among independent
analysts, one in which clients observe the price discovery process in its
market-based environment. The formal launch of NUMERIA coincides with its
largest valuation thus far, that of a private software firm in the mid-Atlantic
region with over $40 million in revenue.
According to Peter J. Leitner, managing partner of Waterford
Advisors, “The need for objective, independent and robust valuations compelled
our team at Waterford to create NUMERIA. It responds to repeated demand for a
strategic solution that delivers a fair and objective valuation to management,
which they in turn can use to optimize value.”
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Leitner explains that a private firm seeks an objective
valuation for at least one of three critical reasons. First, it is the basis
for making rational decisions before or while pursuing financing, M&A or
joint venture transactions. Second, it provides a benchmark that links
operating performance to value creation. And third, it identifies barriers to
maximum enterprise value, which then can be addressed by management.
About Waterford Advisors LLC
Waterford Advisors provides corporate valuation, strategic
assessment, and professional management services to life science and technology
firms. Established in 1993 in New York City, it is currently based in
Princeton, New Jersey.
For additional information, please contact:
Peter Leitner
Managing Partner Waterford Advisors LLC, (609) 951-2233
www.waterfordadvisors.com
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