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At a glance
Challenge
Carefully integrate a newly acquired company, and it’s people, processes, and tools, in order to expand into the Do-It-Yourself home security segment.
Result
Pariveda established an Integration Management Office to uncover any unforeseen issues, while providing consistency and coordination across the entire enterprise.
Impact
All business processes and technologies were successfully integrated on time and on budget.
A Texas-based, home security company that provides alarm monitoring services to residential homes and businesses in the U.S., as well as financing, technical training, and product solutions to alarm monitoring dealers.
As a growing leader in home security, SecureCo* was looking to expand via acquisition, but not at the cost of their efficiency or culture. When they saw a recent integration begin to falter, our client took the positive steps necessary to resuscitate the acquisition.
The Challenge
Recognizing the value of a $500 million acquisition by developing a culture of collaboration and establishing clear lines of responsibility.
SecureCo targeted and acquired a ~$500 million business to help continue to grow their portfolio and build a Do-It-Yourself home security segment. However, the newly acquired company had a completely different operating model and technology infrastructure, so extra care needed to be taken when integrating the two companies. A month into the integration, the program was significantly off track and SecureCo realized they needed a trusted partner that could help drive all aspects of the project while also helping the two cultures begin to blend.
The Result
How Pariveda helped manage the integration of two established security companies:
- Created an Integration Management Office (IMO) to focus specifically on the business and technology integration. The IMO’s core focus was to serve as a unified team that could provide consistency and coordination across the entire enterprise.
- The IMO worked with the leaders of each workstream to fully harmonize their project and scope definitions, their project planning and management, their status reporting, their deliverable quality assurance processes, as well as their scope change management, issue management, and risk management.
- The IMO also incorporated a “Blue Team” review board, that, through a culture of collaboration and clear lines of responsibility, helped uncover unforeseen issues and kept the program plan in sync throughout the entire project.
The Impact
All business processes and technologies were successfully integrated, and business process documentation was updated and properly stored as a record of the effort. The IMO’s work served as a model for the operating structure of our client’s Project Management Office (PMO) which supported the newly integrated organization as it continued to move forward.
In partnership with Pariveda, SecureCo got their acquisition back on track and successfully merged their two companies into one unified organization.
*We value our client’s privacy, so we have altered their name. The outcomes we achieved with them are genuine.
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