Software & Internet, Hardware & Networking and Semiconductors & Tech Enabled Industries
Companies across the technology sector are facing disruptive change driven by cloud, social, mobile analytics and digital technologies. Challenged with new business models and rapid evolution in technology and markets, company management often feels like a deer staring into on-coming headlights. But technology company executives needn’t face today’s challenges alone. FTI Consulting is a leading advisor to tech companies across the software, hardware, services, Internet and semi-conductor sectors. Our experts provide guidance to companies, their executives, equity holders and/or creditors throughout all stages of a company’s life cycle. We provide strategic, financial and operational advice with hands-on implementation for business model innovation and transformation, mergers acquisitions, divestitures, due diligence, integration and separation. In addition, we are experts in interim management, balance sheet restructuring as well as valuing intellectual property, copyrights and royalty streams across a broad range of technology sectors. We provide recommendations honed by analytical rigor and with expertise developed over years of industry experience. Our promise: we will never recommend anything we can’t confidently implement.
Strategy Development & Implementation
The dedicated Technology team at FTI Consulting has an in-depth knowledge of hardware, software, networking, IT, semiconductors and tech enabled industries around the world. Our professionals come from within the industry and, as a result, have a thorough understanding of the interrelated strategic, operational, technological and financial issues facing the industry today and how they will in the future.
The FTI Consulting approach to performance improvement includes revenue enhancement in addition to cost controls and efficiency. Our professionals evaluate key operating metrics that drive value, processes and procedures that impact decision-making and external trends that influence revenues. Armed with facts and our experience in best practices, we develop and help implement appropriate strategies and processes to improve results.
Merger & Acquisition Integration/Carve-Outs
Pressure on management to deliver synergies quickly is growing as expectations for value creation in M&A transactions become more transparent. While different types of acquisitions require different responses from management, they all share the imperative of needing expert-driven advisory from specialists who know both the industry and the merger & acquisition integration process. With expertise in a dozen industries and experience in more than 100 integration projects, our specialists partner with management to ensure adoption of best practices, maintaining continuity of customer experience, and focus on analytics and culture.
Forecasting, Valuation & Transaction Advisory
Our valuation and industry experts understand the complexities of forecasting assets and businesses in dynamic markets. Our professionals bring a unique depth of IP valuation, financial analysis, industry insight and practical experience to all our valuation and advisory projects.
Financial opinions and valuation services include:
- Fairness, solvency, collateral valuation, intellectual property and intangible asset valuation, and going concern opinions
Financial Reporting Opinions
- Purchase price allocation and goodwill impairment (ASC 805)
- Portfolio valuations for private equity funds, hedge funds, banks and other capital market constituents (ASC 82)
- Incentive compensation, options and “cheap stock” (ASC 718)
- Revenue recognition for multi-element licensing arrangements (ASU 2009-13)
- Derivative valuation opinions (ASC 815)
Tax Planning and Reporting Opinions
- Estate and gift tax opinions
- Enterprise, minority interest and asset valuations
- Equity/share-based incentives and compensation for services (IRS Sec. 409A)
Financial, Strategic Transaction Advisory Support
- Forecast preparation assessment
- Strategic alternatives and transaction structuring support
- Transaction due diligence (forecast assessments and development, independent valuations)
- Transaction support for capital raising and M&A efforts
The challenges companies face may be strategic, operational, financial or market driven, but, inevitably, they will lead to loss of investor support and confidence if the challenges are not handled optimally. Investors and owners engage FTI Consulting for interim management assistance through critical periods or to achieve specific critical goals. Our interim managers have extensive experience advising and collaborating with boards of directors and executive teams to succeed in an interim management or turnaround scenario.
Equally, our turnaround and crisis management teams represent a broad array of experience covering the entire C-suite. They know how to adapt quickly to manage risk, reduce costs, improve liquidity and communicate effectively with stakeholders in various parts of the technology industry.
Many engagements are short term, requiring a fully staffed, highly skilled interim management team to execute quickly on a business plan. Others are long term and require one or two professionals with specific, identified skills.
FTI Consulting provides law firms and corporations around the globe with a complete suite of litigation support and investigative, consulting and expert witness services. Our team of technology experts includes certified public accountants, certified fraud examiners, valuation experts and insolvency professionals, among others, with expertise in networked industries, anti-trust and intellectual property.
Utilizing our deep technology industry experience and our financial and operational know-how, we understand complex situations quickly and articulate critical issues clearly in writing and in the witness box. As a result, we have been directly involved in some of the most historic, high-stakes cases of the last decade.
FTI Consulting has led the restructuring league tables consistently, thanks to our team’s in-depth, industry-specific operational experience and world-class financial expertise. We approach restructuring with industry-specific knowledge plus bankruptcy and reorganization skills. Our professionals have a highly respected track record of stabilizing overleveraged companies, resolving balance sheet issues, assessing operations, restructuring debt and maximizing value to constituents.
Our restructuring team helps clients improve liquidity, conserve cash and manage working capital with services that include:
- Contingency planning
- Stakeholder negotiation
- Divestiture analysis
- Debtor-in-possession and exit financing options
The Technology industry team within our Strategic Communications practice includes sector experts with experience representing a broad range of organizations and companies, from start-ups to multinationals. Our clients benefit from the team’s relationships with key influencers to provide a comprehensive suite of integrated communications services, including:
- Corporate and employee communications
- Financial communications
- Public affairs
- Creative engagement
- Strategy consulting and research
- Crisis communications