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Case study · 02

Commercial, Operational & Product Diligence

A 30-day commercial, operational, and product diagnostic across a three-product SaaS ecosystem, quantifying $544K to $908K in annual value-creation potential and a go-forward platform recommendation.

202330 daysDiligence & Value Creation
Client
PE-Backed SaaS
Three-product delivery management ecosystem
Portfolio
~$2.5M ARR primary product
78 clients · 24 single-tenant instances
Industry
SaaS Platform
Presenting problem
Does the platform thesis hold, and where is the value?
Headline Result
$544K to $908K
Annual value-creation potential identified

The Situation

A PE-backed software company operating three complementary SaaS products had reached an inflection point. A key engineering team had just been offboarded, a new CEO was in seat, and the business was spending $1.55M annually to run its core product at a gross margin 11 points below industry standard.

I led a 30-day commercial, operational, and product diagnostic to test the platform thesis across the three products, quantify where value could be created, and give the operating partner a prioritized go-forward plan. The output was a 50-page diagnostic, but the deliverable that mattered was the investment and operating recommendation behind it.

Challenge

01

Revenue Concentration

One product drove two thirds of total ecosystem revenue while engineering resources were spread roughly equally across all three.

02

Pricing and Unit Economics

Packaging did not reflect delivered value, and unit economics on the core product sat well below where the pricing model implied they should.

03

Integration Cost and Risk

Full consolidation of the three products carried integration cost and technical risk that customer demand did not justify. An ecosystem strategy was the better path.

04

Infrastructure Cost Leak

$53K per month in EC2 spend with a viable migration path that would reduce cost 20 to 60%. Unidentified and unscoped before the diagnostic.

05

Technical Debt Compounding

The core product ran on roughly 24 single-tenant instances, each a copy of the last. Every release made the pattern worse.

06

Knowledge Concentration

Siloed teams held critical product knowledge with no documentation or cross-training, and a former PM who had previously consolidated the product from 100 to 24 instances was available to rehire.

Actions

Three complementary products

Platform Thesis Evaluation

Tested consolidation against an ecosystem strategy using pricing, packaging, unit economics, customer demand, and integration cost. Recommended the ecosystem path.

Pricingpackagingconcentration

Commercial Diagnostic

Revenue concentration, gross margin gap, and engineering allocation mapped per product, with the case for re-weighting investment toward the revenue driver.

$544K to $908K identified

Value-Creation Plan

Product rationalization, technical modernization, strategic partnerships, cost reduction, and potential divestiture of non-core assets, sequenced into 30/60/90-day priorities.

Security exposurerehire path

Risk & Talent Findings

Documented an active fraudulent-account exposure with a one-month mitigation path, plus the institutional-knowledge risk and the realistic rehire that could close it.

Results

$544K to $908K annual value-creation potential identified

Identified opportunity

Quantified across infrastructure cost reduction and adjacent levers, including a 20 to 60% reduction against $53K per month of EC2 spend. Identified potential, not booked savings.

Platform thesis resolved

Identified opportunity

Three-product thesis evaluated and translated into a go-forward value-creation plan rather than a full consolidation program.

Live security exposure surfaced

Realized result

More than 100 fraudulent accounts created in 48 hours, exposure nobody was tracking, flagged with a defined one-month mitigation path and named ownership.

Technical debt path defined

Identified opportunity

The compounding-debt pattern across 24 single-tenant instances named, with the rehire path that had previously solved the same problem at the same company.

Investment decision enabled

Realized result

The operating partner moved from no clear view to a sequenced investment and operating recommendation across three products in 30 days.

Diagnostic to value-creation plan
30 days
30 daysDiligence & Value CreationSaaS Platform
Jenna is a dynamo with an outstanding track record.
Mark F., Managing Director
private equity fund