These days, chances are you will be asked to help orchestrate a merger or acquisition at some point, if you have not already. But you don’t have to wait until the project is underway. In fact, you can get started on a few things now, before an M&A is even being discussed by your executive team.
The good thing is, many of the best practices to prepare your people and processes for an M&A also overlap with your broader digital transformation journey. So, it is effort well spent to put some thought in now, as it will benefit your organization on several levels. Here are examples:
- Adopt flexible architectures and processes
- Be able to tell the difference between general IT issues and those related to a merger
- Gather ready-made tools, templates, and checklists
- Be ready to backfill IT roles with external IT resources, so your team has time and space to execute the M&A
Get Involved Early
Gartner estimates that more than 50% of all integration activities rely on IT, with 25% those directly led by IT. Organizations who want their transition to go more smoothly should involve IT up front. As CIO, you should:
- Ask for a seat at the table; do not wait to be asked
- Estimate integration effort
- Plan the integration process for Day 1
For mergers and acquisitions, companies often migrate from one or multiple tenants to a single tenant. According to the imaa study, more than 790,000 transactions have been announced with a known value of over $57 trillion USD. Tenant to tenant migrations are at the forefront of modern M&As and comes with many complexities. While ENow is not a migration company, we do have deep experience in enabling IT Pros during their M&A in assessing their organization's readiness, accelerating their migrations, giving them greater visibility into their service delivery, and preparing them for Day 1 collaboration. Contact us today to learn more on how ENow can accelerate your next M&A project!
Access ENow’s on-demand webinar, “M&A IT Integration: Understanding the First 100 Days”