Renna Partners > Case Studies > Carve-out Planning & Execution – Educational Technology Provider

Carve-out Planning & Execution – Educational Technology Provider

Situation

  • Private equity firm with $2B AUM bought an educational technology provider carved out of its parent company.
  • Complex carve-out from a PE-backed parent company. Decided on a greenfield applications architecture.

Approach

  • Interim CIO during the TSA period.
  • IT PMO Lead during the TSA period.

Outcomes

  • Managed cutover of all IT systems and infrastructure to new standalone systems.
  • Managed IT costs during interim period, coming in approximately 20% under budget.
  • Initiated a program management office (PMO) dedicated to the separation. Defined roles, created processes and templates and brought on dedicated local consultants to help manage the effort.
  • Developed ongoing run rate budget for the new IT department.
  • Hired nearly 20 IT personnel resources over a 12-month period, including leadership level staff.
  • Selected implementation partners and managed implementation of ERP, CRM and other applications.
  • Managed systems infrastructure implementation with a combination of external vendors and newly-hired staff.
  • Established IT security and compliance program and staff.
  • Coordinated activities among functional leads for non-IT aspects of the transition.