Interim CFO – Diversification & Growth - Case Study
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CASE STUDY CATEGORIES
Interim Chief Financial Officer
Sector: Information & Technology (Software & Services)
Location: Melbourne, VIC
The established subscription-based software service was acquired by a private equity group with ambitions to revitalise it for significant growth. At the acquisition date, the business had more than 600,000 online subscribers contributing to annual revenues of close to $500 million. Our private equity client planned to accelerate platform development, redouble investment in sales and marketing, acquire targets strategically and penetrate emerging and existing markets.
A CFO was integral to executing the new owners’ ambitious plans for growth, diversification, new product launches, and operationalising the business transformation strategy. Several months into an unsuccessful search for a permanent CFO, the private equity investor asked EIM for a seasoned CFO to support them for approximately six months while they completed their formal search process.
EIM appointed a mature and proactive Interim Executive with deep experience working in more than the ‘traditional’ finance function as a true partner and confidante to the CEO and new private equity owners. The Interim CFO quickly assumed managing a team of 120 individuals responsible for BAU operations, leading the five-year budgeting and strategic process, overseeing multi-million dollar ‘in flight’ acquisitions as well as new streams of product/businesses under development.
EIM (Executive Interim Management) was founded to meet the need in client organisations for experienced leaders at short notice to facilitate and accelerate change. We are an independent global partnership backed by the experience of over 10,000 assignments worldwide.Arrange a consultation >