History


Early 1970s

Abandoned factory

The Machine Tool industry in Springfield, Vermont, starts to falter due to company transfer challenges and market conditions, compounded by foreign competition and globalization. The economy and community greatly suffer.

Mid 1980s

MIT dome

CoreValue founder, Chuck Richards, heads from Williams College to MIT and realizes “The Springfield Problem” poses a grave threat to business owners, their employees, and their communities across the nation.

Mid 1980s

Algorithm

While at MIT, the Chairman’s View and CoreValue algorithms are developed.

Fall of 2002

Chairman's View - Building Valuable Businesses

Chairman’s View, a regional consulting practice operating in New England and Ontario, is established. Its mission: help business owners and CEOs build valuable businesses by treating companies like assets and making decisions based on value rather than merely profit.

2002 - 2007

The company does fundamental research to create the first set of “Private Business Standards”, which serve as the basis for all business assessments, to quantify the new Standards, and pioneer Normalized Trading Ranges. The philosophy, methodology, standards and best practices established by Chairman’s View become the foundation of CoreValue Software. The first business assessment software is developed, tested and vetted by hundreds of academics, professionals and owners.

Spring of 2002

Chairman’s View becomes a Delaware Corporation.

Summer of 2009

Chairman’s View winds down its consulting practice to “productize” their assessment application, leading to the birth of CoreValue Software. The corporation relocates from Boston’s South Shore to the Green Mountains of Vermont. CoreValue Software begins the three year process of building and testing CoreValue as a Software-as-a-Service tool.

Core Value is Born

January 2012

Doing business as CoreValue, the new software product is launched, aimed at professional service firms working with small to mid-market private businesses.

Spring of 2012

Ron Everett, founder of The Business Valuation Center, and formerly Director of Valuation Services at Ernst & Young, writes CoreValue’s second white paper, vetting its algorithms and calculations.

January 2013

Baker Capital, a well-known Manhattan-based private equity firm, vets and invests in CoreValue.

Summer of 2014

CoreValue enters into a formal agreement with QMI Solutions in Brisbane, Australia to expand the product to the Australian and New Zealand markets.

Summer 2014

CoreValue launches its “Business Direct” model, selling directly to owners and executives wanting to build valuable businesses.

Fall of 2014

CoreValue enters into an agreement with Welch, LLP in Ottawa to expand the product throughout Canada.

Fall of 2014

Several economic development partnerships in Virginia and New York are initiated to bond municipalities, foundations, organizations and other business stakeholders around CoreValue to improve companies, and to help communities create jobs.

Fall of 2014

CoreValue hits a major milestone of passing $30 billion on the CoreValue platform.

Spring of 2015

CoreValue passes $75 Billion in total gross revenues of companies using our framework and services to capture and build value.

Fall of 2015

CoreValue enters into a strategic relationship with American City Business Journals to bring CoreValue to their readers. The CoreValue framework and technology can link readers with relevant content, and track the value of being an ACBJ reader over time.

Spring of 2016

'Discover' gets turbocharge with Discover Platform, dynamically linking operations issues with solutions. Examples of field use: Media company links articles and events to quantified reader problems. CPA firm links skills and resources to specific client issues. Association presents sponsored content to members when and where needed. Application to data-driven service development, customer service, marketing, and loyalty programs take off.

June of 2016

First article published using CoreValue data: "Puzzling over Performance," by Ken Voytek, Chief Economist with the Manufacturing Extension Partnership (MEP) program in the National Institute of Standards and Technology (NIST).

Spring of 2016

CoreValue and the National Association of Certified Valuators and Analysts (NACVA) announced exclusive strategic agreement. The agreement brings CoreValue to the NACVA community; and NACVA's training and certification expertise to CoreValue customers.

June of 2016

CoreValue passes $135 Billion in total gross revenues on the system.