When your company was smaller, you could carry all the key performance and financial information in your head. Your management style and your systems could be informal. Yet, as your company grows, you need to implement formal systems for reporting financial and operating results and tracking progress. If you are considering an eventual IPO, you also may wish to start working toward public company standards for financial reporting, board independence and other key corporate governance measures. Summit can help you build systems that enable your company to succeed, both now and in the future.
Here are some examples:
- Summit helped build the infrastructure of Splash Technology Holdings, Inc., from the ground up after its spin-off from Radius, Inc. Summit assisted the company in recruiting a board of directors and key managers, including a CFO; establishing financial relationships; and providing a sounding board for critical strategic decisions.
- While working with SafeBoot Holdings BV to upgrade its systems and reporting to public company levels, Summit helped recruit a new independent board member and advised the company on operational and strategic plans for expanding in Europe and North America.
- M-Audio, Inc., with guidance from Summit, refined its marketing and operations strategy, upgraded its financial systems, and focused on entering the consumer market, setting the stage for its eventual acquisition by Avid Technology, Inc.
- Summit helped Jamba! AG increase its value by providing guidance at the board level, improving the company’s corporate infrastructure through better systems and controls, and helping to expand its geographic reach from within Germany to across Europe.
Summit Partners has helped many other companies grow through improving corporate infrastructure and best practices. To learn more, read the case studies below: