By: Chris DeMichael
Managing Director, RKON PE Services.
Let me confirm your suspicion: your IT department is needlessly wasting a ridiculous amount of money on all the wrong things while under delivering what the business requires to succeed. The supporting benchmark studies for the mid-market paints a dismal picture; although IT is supposed to enable the business to succeed, IT is increasingly a board level topic to approve un-budgeted money or worse yet is the reason the business can’t execute a strategic initiative critical to value creation. It’s no secret that competition for deals are driving multiples up to near historic levels while portfolio companies continue to be held hostage by IT.