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income statements and balance sheets. The data is provided by large accounting firms that work with private companies, then anonymized by labeling each company with a unique identifier number. Commercial users are given access to aggregated data by industry and region and not the financials of individual companies. Its data tends to comprise figures from large private firms; as of 2014, it contained data on almost 240,000 private companies. This compares to
Sageworks' multi-year data from 2001 to 2011 of 4,360 public U.S. firms.Commercial users are given access to aggregated data by industry and region and not the financials of individual companies. Its data tends to comprise figures from large private firms; as of 2014, it contained data on almost 240,000 private companies.
127:. Founded in 1998, Sageworks provides financial analysis and risk management software, in addition to creating products for commercial lenders. It collects financial information on the private sector by aggregating data from large accounting firms. The company also publishes "private company indicator" reports, which analyze activity and profitability in certain market segments. The firm is a private business key executives include co-founder and chairman Brian Hamilton and CEO Scott Ogle.
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Sageworks has collected financial data since financial statement year 2001. By 2014, it included 2001-2011 data from nearly 240,000 private firms, including three or more consecutive years of financial data for each of 99,040. It provides financial performance data on private companies based on their
150:
Continuing
Studies in the early 1990s. Tourville, one of Hamilton's students, said she could program a financial analysis system after Hamilton said that no one has come up with a way to automate certain analyses. In the late 1990s Hamilton and Tourville spent two years developing software for what
188:
In 2014, Sageworks launched its LoanSage product, a platform for small business owners to get loans of up to $ 2 million in one day. That same year, the company unveiled
Sageworks Bank Information, a cloud-based platform providing data on banks and credit unions with data of 6,000 U.S. banks and
246:
in 2008. The program encourages prison inmates to start their own business. The program is based on
Hamilton's small business seminar, focusing on marketing, sales, customer service, accounting, finance and staffing. Participants make informal business plans and are paired with mentors.
212:
Sageworks' data has been used by academics to analyze economics using data from private companies, where traditionally only a very small data-set of about 4,000 public companies that publicly reported their data was available. According to a paper from researchers with
224:
Sageworks also uses data to create the "Sageworks
Private Company Indicator", which shows private-company sales growth and profit margins. The firm also occasionally issues aggregate information about average profitability of private firms in various industries.
233:
In 2018, Accel-KKR acquired
Sageworks for an undisclosed amount and became part of the Banker's Toolbox suite of products. In 2019, Banker's Toolbox sunset the Sageworks brand and re-branded themselves as Abrigo.
151:
was to be known as
Sageworks' Financial Information into Narrative Data (FIND), the technology behind its ProfitCents product. Initially the firm struggled to properly market its tools in the early 2000s.
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In
November 2016, the company launched a platform that helps lenders provide financing for small and medium-sized businesses. In June 2017, it released its CashSage product, for analyzing cash flow.
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Statement of cash flow data, financial statements' footnote data, and CEO ownership and most other ownership data are not available in
Sageworks.
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The accounting firms participating "input data for all their corporate clients directly into
Sageworks’ database in an anonymous fashion."
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496:(a 34-page paper labelled as a "Data Appendix", which supports the authors' other papers using the Sageworks data: Abstract available
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databases, after certain exclusions including removal of all financial firms and regulated utilities.
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platform, a suite of financial analysis tools for financial executives with financial analysis,
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and Harvard Business School, Sageworks' data is especially useful, because it is free of
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Private financial information company headquartered in Raleigh, North Carolina
788:. Vol. 130, no. 83. Raleigh, North Carolina: McClatchy. p. A6
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Asker, John; Farre-Menser, Joan; Ljungqvist, Alexander (October 20, 2014).
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Asker, John; Farre-Mensa, Joan; Ljungqvist, Alexander (28 March 2011).
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512:"Sageworks licenses its ProfitCents public technology to LexisNexis"
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406:"Interview with Brian Hamilton '90, Co-founder and CEO of Sageworks"
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Sageworks and its co-founder, Hamilton, started a program called
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In January 2004, the company announced a deal to license to
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Sarah Tourville. The two met while Hamilton was teaching at
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Sageworks was founded in Raleigh, North Carolina in 1998 by
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is a private financial information company headquartered in
808:"Private equity firm acquires financial software provider"
442:"Corporate Investment and Stock Market Listing: A Puzzle?"
619:"Online CFO platform helps businesses manage finances"
744:"Accounting is most profitable industry, study shows"
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7,000 credit unions. The same year it launched its
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878:Financial services companies of the United States
721:"Private companies growing; sales growth slowing"
873:Financial services companies established in 1998
477:"What Do Private Firms Look like? Data Appendix"
593:"Sageworks launches bank performance database"
460:(full paper available in pre-publication form)
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671:"Sageworks releases cash flow analysis tool"
170:its ProfitCents public product, which turns
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868:Companies based in Raleigh, North Carolina
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644:"Sageworks offers lenders a door to SMEs"
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500:with full paper also freely downloadable)
449:Review of Financial Studies (Forthcoming)
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780:"Private equity firm acquires Sageworks"
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564:"Manhattan fin-tech incubator unveiled"
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172:U.S. Securities and Exchange Commission
765:"Private Companies See Record Profits"
562:Follari, Gemma (September 25, 2014).
536:Weisbecker, Lee (December 27, 2012).
7:
763:Dougherty, Conor (August 23, 2011).
617:O'Bannon, Isaac (18 November 2014).
313:"Company Overview of Sageworks, Inc"
723:. Accountingweb.com. 9 October 2012
669:Arrowsmith, Ranica (29 June 2017).
510:Lanza, Sheri R. (26 January 2004).
14:
696:"Sageworks Private Company Data"
538:"Scott Ogle named Sageworks CEO"
404:Howie Rhee (13 September 2011).
337:Stodghill, Ron (June 14, 2006).
281:As derived by Asker et al. from
174:data from public companies into
742:Yerak, Becky (August 6, 2014).
378:Bailey, David (November 2011).
1:
778:Gronberg, Ray (19 May 2018).
591:Dymi, Amilda (17 July 2014).
221:and other selection biases.
796:– via Newspapers.com.
181:In 2013, Scott Ogle became
894:
826:"Sageworks becomes Abrigo"
159:were both early adopters.
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244:Inmates to Entrepreneurs
238:Inmates to Entrepreneurs
853:Sageworks Official Site
384:North Carolina Business
339:"Bolt down those costs"
183:chief executive officer
125:Raleigh, North Carolina
86:Raleigh, North Carolina
812:www.americanbanker.com
767:. The Wall St Journal.
343:FORTUNE Small Business
46:Information technology
623:CPA Practice Advisor
542:Triangle Biz Journal
215:New York University
144:computer programmer
137:serial entrepreneur
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650:. 15 November 2016
832:. 17 January 2019
516:Information Today
380:"Out on your own"
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834:. Retrieved
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700:Fox Business
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317:Bloomberg LP
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195:benchmarking
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82:Headquarters
229:Acquisition
862:Categories
836:2019-05-22
297:References
168:LexisNexis
110:.sageworks
94:Key people
727:25 August
705:March 15,
680:24 August
654:24 August
628:24 August
602:24 August
573:March 15,
547:March 15,
521:24 August
454:March 19,
412:24 August
408:. DukeGEN
348:March 16,
322:25 August
283:Compustat
199:valuation
121:Sageworks
20:Sageworks
389:April 7,
153:CitiBank
63:Founders
34:Industry
792:23 July
490:23 July
485:1659926
131:History
103:Website
55:Founded
648:PYMNTS
483:
157:Intuit
445:(PDF)
251:Notes
794:2023
729:2017
707:2015
682:2017
656:2017
630:2017
604:2017
575:2015
549:2015
523:2017
492:2023
481:SSRN
456:2015
414:2017
391:2015
350:2015
324:2017
287:CRSP
285:and
208:Uses
155:and
142:and
112:.com
58:1998
191:CFO
108:www
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
