NEW YORK, Dec. 11, 2017 /PRNewswire/ -- Estimize Inc. announced today that Jeffrey Geisenheimer has joined as the firm's first Chief Financial and Operating Officer. Jeff joins as a proven industry leader to help scale sales and enterprise marketing during a period of massive growth for the company and adoption of Estimize data. In this role he will oversee the expansion of the sales and sales engineering process along with operations and finance. Jeff will also be managing recently signed third party redistribution partnerships which will expand the reach of the Estimize data set into a broader set of institutions.
Jeff has served as an advisor and Estimize Board member since July 2016, and brings over 30 years of experience working with financial data companies both big and small. He's held the role of Chief Financial Officer at various companies such as Multex, Moneyline Telerate, Ford Models and most recently Coleman Research Group. He was instrumental in the acquisition of several financial data firms, including Multex and Moneyline Telerate by Reuters in 2003 and 2005, respectively.
Jeff joins Estimize as the company has recently become profitable and is looking to scale its operations and salesforce. Jeff comments "I have seen Estimize grow from an idea, several years ago, to a must have data set, for the financial community. There is a tremendous amount of excitement around the Estimize data set and we are seeing some of the largest hedge funds, financial platforms, and online brokers incorporating our data in their work flow and platforms. I am excited to join Leigh and the rest of the team and look forward to profitably growing this Company."
Leigh Drogen, Founder and CEO said "For some time now I've been searching for a partner on the business side of this organization to mirror the amazing relationship I have with my Co-Founder and CTO, Brian Smith. Jeff has been a huge part of teaching members of this organization, including myself, how to run a grownup company and scale a sales process; he has more experience in this industry than years I've been on this earth. He's joining us at a critical juncture during which we need serious leadership to continue the amazing growth we've seen in our institutional customer base and data set. Jeff possesses industry DNA that our team currently lacks, and has a proven record of building several businesses in our space that have disintermediated their peers."
Launched in 2011, Estimize is an open financial estimates platform designed to collect forward looking financial estimates from independent, buy-side, and sell-side analysts, along with those of private investors and academics.
By sourcing estimates from a diverse community of individuals, Estimize provides a more accurate, more timely, and more representative view of expectations compared to sell side only data sets which suffer from several severe biases.
Currently, 63,567 analysts contribute to Estimize, resulting in coverage on over 2,200 stocks (EPS, Revenue, EBITDA, MAUs, Same Store Sales, Gross Margins, etc.) and 80 economic indicators each quarter. The Estimize consensus has proven more accurate than comparable sell side data sets over 70% of the time and by 15% on average.
Christine Short, SVP of Media and PR