SAN BRUNO, Calif.--(BUSINESS WIRE)--SharesPost, the online marketplace for private investments, today announced the second monthly distribution of its popular third-party research reports. “Market Cap Monday” falls on the first Monday of every calendar month and helps to provide secondary market participants with regular, free access to new and updated reports on the most exciting private companies.
Reports posted today include Brightcove, BrightSource, Data Robotics, eHarmony, Loopt, OverSee.net, Stoke, SugarCRM, TheLadders.com and Xora. They are available on the company bulletin boards, respectively, or at http://www.sharespost.com/research. Registration as a SharesPost member is free, and registered members have full access to new and archived private company research.
Highlights from this month’s new and/or updated reports include:
Brightcove, the leading online video platform used by media companies, businesses and organizations worldwide to publish, distribute and monetize video on the Web, is now valued by VC Experts at $425M, up from $366M in March 2010.
BrightSource, which provides clean, reliable and low cost solar energy for utility and industrial companies worldwide, is now valued by VC Experts at $607M, up 15 percent from May 2010. Last month, neXtup Research valued BrightSource at $868M as a result of more than 2.6GW of projects in the pipeline over the next several years, with purchase agreements from customers such as PG&E and SCE.
Data Robotics, which develops automated storage products designed to ensure data is always protected, accessible and simple to manage, is now valued by neXtup Research at $311M, up 16 percent from December 2010. The company has introduced a new NAS device which is a significant upgrade from the old version and could help it to gather new customers. However, the segment is price sensitive with low loyalty levels, and chances of recurring sales are low.
eHarmony, a pioneer in using relationship science to match singles seeking long-term relationships, is now valued by neXtup Research at $796M with an estimated 2011 revenue of $300M. According to neXtup Research, eHarmony converts 24 percent of its active members into paying subscribers, which is nearly three times the industry average.
However, according to the SharesPost Venture-Backed Index, which tracks changes in certain data points relevant to the value of a portfolio of leading, venture-backed, pre-IPO companies, eHarmony’s valuation may be closer to $669M. This index value is calculated by combining SharesPost’s available data from recent transaction prices, current posts, research estimates, such as the neXtup Research estimate, and recent last round venture financing valuations. Full information on the Index, including certain disclaimers, can be found here.
“The SharesPost Venture-Backed Index is meant only to give our members a convenient, single reference point from multiple sources of information relevant to a company’s value,” said David Weir, CEO at SharesPost. “It is just another way that SharesPost helps to facilitate a fair market price for sophisticated, accredited and institutional investors as they seek transparency in the market for private company shares.”
Loopt, a mobile social mapping application that uses GPS to keep the user connected to friends, is now valued by neXtup Research at $227M, up 15 percent since December 2010. With the popularity of smartphones continuing to grow over the next few years, an application like Loopt, which is available across all major carriers in the U.S. with interoperable service, should reap considerable benefits.
OverSee.net, a domain parking and lead generation company, is now valued by neXtup Research at $600M, up nine percent from October 2010. With four times the revenues of its nearest competitor (Skenzo) in domain monetization space, Oversee.net is the market leader in this segment.
Stoke, which develops carrier-class multi-access convergence gateways specifically engineered to help fixed, mobile and Internet-based operators realize the economic benefits and competitive advantages of network convergence, is now valued by VC Experts at $248M, up $9M from December 2010.
SugarCRM, a leading provider of commercial open source customer relationship management (CRM) software, is now valued by neXtup Research at $406.5M, up 14 percent from $355.5M earlier this month due, in part, to recent news about customer billings. However, there may not be a direct correlation between customer additions and revenue potential.
TheLadders.com, the leader in the $100k+ jobs segment, is now valued by neXtup Research at $802M, up 14 percent from October 2010. The company has nearly 15 times more unique visitors to its service than its nearest competitor (6FigureJobs).
Xora, a global leader in the rapidly expanding location-based mobile business application market, is now valued at $333M by neXtup Research, up 24.8 percent from December 2010. As the only company with partnerships with all major U.S. wireless carriers, Xora addresses the mobile worker market which is expected to grow to $506M in 2012 from $166M in 2009.
The research helps SharesPost’s more than 60,000 members to value private companies as they contemplate transactions, allowing them significantly greater insight than has traditionally been available. Compiled by eight research providers, including neXtup Research and VC Experts, the reports cover everything from a company’s products and markets to estimated revenues to liquidation preferences and number of shares outstanding.
Research posted on SharesPost.com is available to SharesPost members at no cost. Anyone may sign up for a free membership with SharesPost at https://www.sharespost.com/signup. The next “Market Cap Monday” will take place on Monday, May 2, 2011.
About SharesPost
SharesPost is the online marketplace for private investments. The company uses innovative technology to efficiently connect individual accredited investors, family offices and institutional money managers with high quality private investment opportunities.
SharesPost is not a registered broker-dealer or registered securities exchange. SharesPost is not registered as an investment adviser with the Securities and Exchange Commission.
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