Spinoff of a Semicon Giant’s Software Business to its Division | jadeglobal

Spinoff of a Semicon Giant’s Software Business to its Division

About the Client:

The client is an enterprise-class Digital Experience Management company, providing visibility and control that power radical improvement in IT and business results. It is a division of a leading semicon company that is focused on end user experience management solutions that can be seamlessly deployed with the company’s solution delivering secure optimized WAN and SD-WAN solutions for fortune 500 clients globally.

Industry: Hi-tech

Business Requirements: Spin-off End-user Management

Recognizing that the division would perform better as a separate independent company and anticipating future growth, the client engaged Jade Global to coordinate the spin-off of its business division to create a new company.

The project included transferring current service contracts, professional services projects, and associated deferred revenue into the division’s systems of current product base and creating new systems for a selected product base. The division needed to be set up as a growth company with state-of-the-art cloud-based systems that could scale. We also converted their existing quote data into CPQ quotes & contracts and managed user training manual development.