Financial and Operational Turnaround of Energy Industry Software Vendor

Financial and Operational Turnaround of Energy Industry Software Vendor

Description:

Completed management turnaround of independent software vendor focused in the oil and gas industry.

  • Provided interim executive management services, financial management and technology advising on a contract basis.
  • Consolidated company assets, negotiated with creditors, re-negotiated vendor contracts and solicited new services providers.
  • Hired new executive management and sales team.
  • Created a board of advisors.
  • Implemented new product development strategy and launched new service offerings.
  • Implemented new business partnerships and joint venture with industry leader.

Services:

  • Venture Development
  • Executive Management
  • Turnaround and Restructuring
  • Strategic Planning
  • Sales and Marketing
  • Strategic IT
  • Product Development
  • Project Management
  • Joint Venture

Outcome:

  • Reduced overhead by 75% in 3 months.
  • Returned company to positive cashflow in 6 months.
  • Company launched 2 new products over the subsequent 24 months and secured contracts with Fortune 500 clients and major government agencies.
  • Company won industry award for innovative product development 36 months after re-organization.
Skills

Posted on

August 6, 2014