| Our
client, the dominant firm in its market, reached agreement to
acquire their largest competitor. Vericours was
asked to help design and lead an aggressive integration program with
the dual objectives of achieving significant cost reduction synergies
quickly while also preserving maximum short- and
long-term revenue potential.
Sales
and analyst resources were quickly consolidated into a single organization
while maintaining both sets of products in the marketplace.
Longer term product strategies and explicit migration
plans and pricing guidelines were developed to enable the firm
to move seamlessly to a fully-consolidated product
line with several important new product introductions.
Detailed migration plans were developed to integrate the IT platforms
of the two firms into a best of breed production
and delivery capability. Facilities and administrative
activities were consolidated to yield significant cost reductions.
Results
over the first six months post-integration far exceeded both profit
improvement and revenue targets. More importantly,
the firm was solidly positioned to make strong gains in the
marketplace over the ensuing two year period.
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