WAYNE, Pa.--(BUSINESS WIRE)--BizEquity, the industry’s first and leading online cloud-based business valuation system and service, announced today that it has been granted four patents in the last year: for its revolutionary online valuation system; cloud-based online valuation user experience design; proprietary method and invention of valuing companies online; and real-time output of a 22-page business report with up to four valuations.
“Being granted the seminal patent portfolio in the $2.8 billion business valuation market is a big accomplishment for the BizEquity team and a testament to our product and service,” said Michael M. Carter, President and CEO of BizEquity. “Our mission is to democratize valuation knowledge to those who need it the most — the small business owner — and to be the global leader in this new market we are helping to usher in – The Online Business Valuation Industry.”
Thomas McWilliams, partner at Barnes & Thornburg LLP, the law firm that secured and filed the patents commented, “BizEquity’s ability to be granted four patents so quickly by the USPTO is a testament to the novelty of the invention Michael and his team have created.”
Since its launch BizEquity has valued over 13 million businesses through www.BizEquity.com and through its ecosystem of financial institutions that serve small businesses throughout North America.
BizEquity is the creator of the industry’s first Valuation as a Service (VaaS™) cloud-based online business valuation platform and service. BizEquity answers the most important question for business owners — “What is my business worth?” — by delivering valuable big data intelligence on a company’s performance and valuation information in real time. Through its proprietary and patented online business valuation service, BizEquity delivers an valuation dashboard as well as a customized 22-page detailed business report with four different valuation outcomes, in minutes for a fraction of the cost associated with traditional business valuation methods. BizEquity is headquartered in Wayne, Pa., with satellite offices in Singapore, Sao Paulo and London. BizEquity has valued over 13 million businesses and is recognized as the global online leader in business valuations.