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2001 Press Release |
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FOR
IMMEDIATE RELEASE
MEDIA CONTACT:
Jennie K. Fairchild
Merger Managers, LLC
t. 866-776-3743
e. info@MergerManagers.com
MERGER MANAGERS ANNOUNCES "BOOT CAMP" TO TRAIN
EXECUTIVES IN POST-MERGER INTEGRATION
New crash courses help executives avoid major pitfalls when integrating
two companies after the deal is done.
HALF MOON BAY, CA - 2001 - Merger Managers, LLC, a privately-held merger and
acquisition consulting firm, today announced a variety of training options
to help busy executives successfully implement their mergers and
acquisitions.
The traditional route of hiring a major consulting firm for $50,000
-$200,000 is often times wasteful and unnecessary, according to the
company's founders. Executives now have the option of attending 2- or 3-day
"boot camp" to learn what to expect at each stage of the integration
process, what pitfalls will occur, and how to manage them. In addition, the
firm offers an Integration Tool Kit CD-ROM, which includes and Integration
Planning Guide, timelines, over 25 tools and templates, a Master Integration
Work Plan, and other resources.
Market research shows that up to 80% of mergers and acquisitions ultimately
fail and usually due to poor execution. Since mergers are not something most
companies do regularly, executives simply do not know what to expect during
the post-merger integration process, and aren't prepared to add
integration-related tasks to their already busy schedules.
"After personally being involved in over a dozen mergers and acquisitions in
the high tech industry, it kills me to see big consulting firms charging
their clients tens of thousands of dollars to guide them through the
post-merger integration process" said Jennie K. Fairchild, J.D., and CEO of
Merger Managers. "Integrating two companies is not rocket-science - if you
know what to expect and plan for it ahead of time. Unfortunately, most
executives have to learn through the school of hard knocks, and that's what
we're trying to change. Our most eager participants are those who have been
through a merger or acquisition, and realize the value of the training and
experience we have to offer."
"Having been through several acquisitions, I can attest to the necessity of
the processes and tools developed by Merger Managers. While the deal may
look good on paper, learning how to effectively integrate one company with
another is the critical element. By ignoring this fact, you are guaranteeing
problems and essentially placing the entire investment at risk before you
get started" adds Robert Doretti, CEO of ON Technology
Interested parties can visit www.MergerManagers.com or call toll-free at
866.77.MERGE for more information.
ABOUT MERGER MANAGERS (WWW.MERGERMANAGERS.COM)
Merger Managers is a non-traditional Merger and Acquisitions (M&A)
consulting firm, offering short-term, fixed-price training to help clients
successfully manage the post-merger integration at the fraction of the time
and cost incurred with traditional consulting firms. Merger Managers offers
2- and 3-day training programs highlighting Integration Project Management,
from IT to Human Resources. www.MergerManagers.com
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