Liquid Scenarios

Since founding bpCentral, our focus has been on increasing each user's competitive advantage each and every time they interact with one of our applications.  Naturally, this involves more than simply enabling complex calculations to be performed accurately.  In fact, during the first 12 months of developing our new technologies and applications, we put an inordinate amount of resources into discovering how to transform the relationships between idiosyncratic decision-makers and financial information.  Our premise was that if that human to data relationship could be elevated to a new standard, then the relationships of those professionals with the entities and individuals they interact with could be more efficient and therefore more valuable. 

In response, we developed CIMPA, the Carver Import Algorithm, a system that allows any electronic financial information, data or reports to be interpreted by a receiving system without the need for XML, XBRL, tagging approaches or extensive manual data entry.  As a result of this technology, the Company's systems for private equity and venture capital professionals are able to import data in a matter of seconds, instead of a matter of hours. 

Similarly, the Company noted that when users attempted to calculate the outcomes of complex liquidation preferences, anti-dilution provisions and other complex terms that are common to VC/PE transactions, any output was virtually impossible to verify without a costly audit of the formulas.  Since the formulas were generally based in excel, this meant that few if any partners or other key investment professionals could afford to expend the effort to verify how amounts were arrived at.  Upon further consideration, the Company realized that, to a certain extent, this was true of all financial reports.  For traditional financial statements, this point is evidenced in the fact that notes to financial statements typically occupy several times more pages than the actual financial reports do.  This realization inspired the Company to develop a system it calls OferX, which presents all financial information in a manner that allows any user to audit and see how amounts were calculated (in an easy to understand, quantifiable manner) without the need for extensive textual descriptions.

Together these unique tools form the foundation for the Company's offerings, which are backed by over 29 patent pending technologies.

 

Lorenzo Carver, MS, MBA, CPA, is the inventor of the Carver Import Algorithm, which enables importing financial reports in seconds, without data tagging or manual data entry, and converting them into interactive models anyone can use immediately.  He has developed of over 200 strategic plans for information technology and life sciences companies and participated in over $1 billion in financing rounds as an advisor and planner.  Noted as one of the Top 100 Free Sites by PC Magazine, Lorenzo authored and produced an online sample business plan used by well over 3,000,000 students, teachers and entrepreneurs.  He conceived, designed, developed and coded an award winning small business valuation program used by thousands of entrepreneurs and advisors worldwide in 1999.  Some other highlights include the following -

 

 

• Designed and launched the first mobile product that enables modeling financing scenarios, acquisition and IPO scenarios on a handheld

 

• Designed and launched two of the first software products in the world certified for Vista

 

• In the summer of 2007, at a Microsoft event in front of a live audience, a 12-year old used a server version of Liquid Scenarios running on a beta of Windows Server 2008 to price over 100 exit scenarios, determine how much option holders would get across each of the sales values and whether or not warrant holders would convert on a cashless basis or if their warrant would expire worthless. This same analysis traditionally would take a CFO/CPA/CFA or venture fund analyst a week to complete. Using Liquid Scenarios the child was able to perform the same analysis in a matter of minutes

 

• Microsoft subsequently published a case study showing how investment banker used a desktop version of Liquid Scenarios to achieve a 23,000% (230X) increase in productivity.

 

• In the fall of 2007, Liquid Scenarios Server 2008 became the first financial business intelligence solution in the world certified on Microsoft's Windows Server 2008, ahead of BEA Systems and Hyperion (now Oracle)

 

• Developed strategic business plans for Alienware (acquired by Dell), ConstructionNet (acquire by McGraw Hill), developers of the first music DRM deployed by major record labels in the US, the founder of Chiron, a founder of Register.com, the first portable thin tissue scanning device to receive 510K clearance in the US, numerous subsidiaries acquired and disposed of by WellPoint (WLP), with many former clients appearing on the Inc. 500 list

 

• Turned $80K of business plan service proceeds into $72 million in market cap over the course of 10 months

 

• o Used stock-only compensation to recruit an entire executive team, including the former CEO of a $6 billion revenue NYSE traded company and a former faculty member of the Defense Research Staff of the Massachusetts Institute of Technology

 

• Provided assurance and advisory services at Arthur Andersen's Enterprise Group on clients, IPOs and projects including Vermeer Technologies (the creators of FrontPage, acquired by Microsoft) Genome Therapeutics IPO, Hybridon's IPO, Open Software Foundation, multiple venture capital funds, Boston Acoustics (Nasdaq, BOSA), Concord Communications, Inc. (Nasdaq: CCRD) and Goldhirsh Publishing (original publisher of Inc. Magazine, now owned Mansueto Venture, publishers of Fast Company)

 

 

Henry Wright, MBA, Chief Strategy Officer, previously lead a global team at Sun Microsystems to define the strategy for Support Services, a $3.5B service business. He engaged Sr. Executive management of both Services and Sun Product Divisions for VOC efforts` to generate a WW business plan.