Phoenix IB® serves as financial advisor and successfully sells a software company to a strategic buyer which results in the preservation of jobs.
A Software Company created to help companies use their incentive compensation more effectively to achieve company objectives and to enable them to simply, cost-effectively, and efficiently reward the individuals and teams who help companies succeed.
After many successful years spent developing a leading edge product, the Company found itself facing a liquidity crisis driven by the significant contraction in the venture capital markets and reduced revenue growth due to macro-economic pressures and the Company’s strained liquidity which prevented it from properly marketing its product(s).
Phoenix was retained to identify and evaluate possible strategic buyers and to negotiate a rapid transaction that would provide the greatest value for all Stakeholders. Phoenix was able to rapidly negotiate a transaction to sell the assets of the Company to a strategic buyer thus preserving the continuation of the enterprise value and preserving several key jobs at the Company.
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