The eknow Integrator M&A Integration Readiness Package
Today eknow inc announced that Medtronic, a global leader in medical technology, has selected eknow’s M&A integration automation solution, eknow Integrator, to automate and accelerate its M&A activities.
“We’re pleased that Medtronic chose eknow Integrator to help them achieve a superior level of M&A readiness,” says eknow CEO Alan Croll. “We look forward to helping them reach higher percentages of synergy target value from future acquisitions. Being prepared plays an important role in M&A success. Many firms rely on a strategy of inorganic growth; they constantly evaluate acquisition opportunities, any of which has the potential to become an actual acquisition requiring integration. To be successful, integration must be more than an afterthought — you have to be ready for it.”
Manuel Sanches, eknow’s president and co-founder, adds, “The eknow Integrator M&A Readiness Package helps our customers achieve a constant state of integration preparedness. Being prepared puts them in a position to begin integration planning earlier in the process, and better planning almost always equals greater success.
“Stated simply, achieving synergy value from a merger is about doing the right things at the right time. Given the large number of moving parts — the activities, the number of people involved and their geographic dispersion, and so on — that is easier said than done. It requires deliberate planning to figure out what those ‘right things’ are and who should be doing them, and it requires tracking those milestones to completion. Companies that get everything on that list done — and done on schedule — achieve those synergy values. And companies that can get some of those things done even just a little sooner can achieve even greater value.
“Take a typical example like consolidating facilities,” continues Mr. Sanches. “It stands to reason that if a facility is costing, say a hundred thousand dollars a month to operate, and through higher efficiency and better planning you can consolidate it a month earlier, then you will have just added an extra one hundred thousand dollars to your merger’s synergy value. Almost every merger has one or more such opportunities — opportunities that are more easily achieved from a state of constant readiness, and powered by an M&A-specific automation tool such as Integrator.”
Integrator is a web dashboard and communications toolset that automates the execution of merger integration and organizational restructuring. It helps companies plan, deploy, execute, track progress, and measure results from integration and restructuring initiatives. Integrator can incorporate a client company’s program management playbook, securely host sensitive deal documents, and capture institutional process knowledge. And Integrator’s automated communication features can dramatically reduce the management effort and cycle time, improve the timeliness and accuracy of business information, and contribute to greater synergy value capture.
About eknow (www.eknow.com)
Based in Arlington, Virginia, eknow inc, develops, sells, and deploys powerful online communication, collaboration, and tracking tools that increase the ease, effectiveness, and speed of M&A and Organizational Restructuring. Eknow business solutions have been helping companies to “execute, track, and know” since 1999.
Contacts:
eknow inc
Lawrence Dell, 703-875-9191
ldell@eknow.com