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Case study · 04

Post-Acquisition Integration & Operating Model

Built the post-acquisition operating model for a 30+ person organization across five product lines, on a post-trade platform used by five of the world's eight largest investment banks.

2019 to 202230 monthsIntegration & Transformation
Client
Post-Trade Fintech SaaS
Acquired by a global IT services firm
Portfolio
Five product lines · 30+ person organization
Serving five of the eight largest global investment banks
Industry
Post-Acquisition Fintech
Presenting problem
No governance, no tooling, 90 days post-close
Headline Result
30+ Person
Integration across five product lines

The Situation

In March 2019, a global IT services firm acquired a Dublin-founded, London-based fintech whose platform automated post-trade processing for taxes, fees, commissions, and cash flows across global financial institutions, including regulatory work such as CSDR. At acquisition the software was trusted by five of the world's eight largest investment banks. As transaction context, the prior PE investors exited at a 4.0x return and a 47% IRR, with an implied transaction value in the £80 to 100M+ range and a €16.2M FY2018 accumulated profit base.

Ninety days post-close the team had no acquirer credentials, no standard tooling, no delivery cadence, and no communication from leadership about what integration would look like. The co-founder was the sole keeper of the legacy codebase. I was brought in by the acquirer's accelerator group as integration lead to build the governance and delivery systems and integrate the organization into Cognizant.

Challenge

01

Single Point of Failure

The co-founding CTO was the sole keeper of the legacy codebase. All production triage ran through one person at a platform embedded in globally systemic banks.

02

No Product Ownership

Work was driven entirely by client contracts, moving from SOW to technical task with no prioritization in between and no product owner in place.

03

Delivery Cadence in Name Only

The team understood the principles but ran no ceremonies. No cadence, no grooming, no retrospectives. Whoever was loudest got prioritized.

04

Five Siloed Product Lines

Sales, BA, engineering, and implementation operated without a shared communication pattern across five distinct product lines. Decisions did not travel.

05

No Standard Tooling

The team ran on a proprietary task system. The acquirer's standard stack of Jira, GitHub, Slack, and Confluence had not been provisioned by day 90.

06

Integration Vacuum

Leadership was silent. A 30+ person team was running anxious and disengaged, with no credentials, no onboarding, and no visibility into life inside the parent company.

Actions

EngineeringBAProductImplementation

Delivery Standards Rollout

Cadence, ceremonies, story standards, backlog management, and definition of done delivered to the whole organization across Dublin and London.

Proprietary system migrated

Jira from Scratch

Jira configured for five product lines with the proprietary task system mapped and migrated in parallel. No work lost in the transition.

Five product linesone model

Backlog Consolidation

Client enhancement work reprioritized against strategic goals for the first time, and fragmented reactive backlogs structured into one repeatable model.

Intake to SOW to build to release

Delivery Lifecycle

An end-to-end lifecycle designed and implemented, replacing ad hoc contract-driven development with a repeatable, enterprise-compatible system.

SlackGitHubConfluence

Tooling Provisioned

A full roster of 30+ employees built and maintained, with parent-company credentials provisioned to close the day-90 tooling gap.

AcquireracceleratorBFS unit

Integration Liaison

Served as the bridge across the acquired company, the acquirer's accelerator group, and the Banking and Financial Services business unit throughout integration.

Results

30+ person organization integrated

Realized result

Every employee across engineering, BA, product, implementation, and sales in Dublin and London trained on the delivery model and provisioned with parent-company tooling, from zero.

Five backlogs structured into one model

Realized result

Fragmented, client-reactive backlogs across five product lines structured against strategic priority and migrated into Jira from a proprietary system.

Delivery lifecycle stood up from zero

Realized result

An end-to-end lifecycle designed and implemented, replacing ad hoc development with a repeatable, enterprise-compatible delivery system.

Key-person risk addressed

Realized result

Technical documentation and knowledge dissemination started against a single-person dependency that was a material continuity risk for a platform supporting systemic financial infrastructure.

£80 to 100M+ implied transaction value

Contextual transaction value

The implied value of the asset at exit, based on the sourced valuation analysis. Included as the scale of the environment the integration ran inside.

€16.2M historical profit base at stake

Contextual company scale

The accumulated profit base of the acquired business at the time of the transaction. Company context, not value I created or defended.

Post-acquisition integration owned
30+ person org · 5 product lines
30 monthsIntegration & TransformationPost-Acquisition Fintech
Her contributions to coaching and training the teams left a lasting impact, resulting in the formation of a dedicated agile function within the business.
Tristan H., Senior Director of Engineering
post-trade fintech platform