A leading-edge virtual reality start-up was acquired for $2 billion.
Founded only two years ago and without any executive financial leadership, this innovative startup needed controller-level support for its initial reporting requirements as well as its acquisition.
With its first audit imminent, Blythe Global helped transform raw data into standardized, compliant financial statements and identified proper accounting treatments of all transactions. To give the company a solid foundation for future reporting, Blythe Global evaluated the company’s capabilities, recommended process improvements and provided customized training to new and legacy staff.
Before, during and after the acquisition process, Blythe Global provided a full range of services that presented a comprehensive picture of the business and helped ensure a successful transaction.
A West Coast public IT company was seeking to acquire an East Coast supplier.
The buyer lacked the resources to go to the seller’s site to assess the overall accuracy of underlying assumptions or to verify complex accounting positions.
Blythe Global reviewed financial models to determine if they were accurate and viable. We provided on-site end-to-end due diligence services as well as satisfying all SEC reporting requirements. We helped research, prepare and document filings according to the latest principles and guidance to minimize inefficient post-review rework. Blythe Global also supplied integration services to facilitate consolidation of processes.
By providing such a broad scope of services, Blythe Global presented a single focal point for all acquisition issues – resulting in minimal disruption to both companies’ businesses.