Situation
A $60MM hardware re-seller in the mobile computing space came to PVG with three specific goals in mind:
- Diversification of revenue
- Scalability of internal management capabilities
- Positioning the company to raise capital for future growth
Solution
PVG facilitated a thorough market assessment and strategic planning process which began with a collaborative effort to establish strategic goals. Once these goals were determined, the next key phase of the project involved developing the financial objectives. PVG then helped this client realign the organizational structure of the business to support the goals identified in the earlier stages of the process. Finally, we led the development of strategic initiatives to achieve revenue diversification.
Impact
Management used the plan to raise approximately $15MM through a reverse IPO transaction and grew revenue 30% over a two-year period.