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We’re delighted to announce that Rob Bachan has joined Noremo as Advisory Director of Technology.
Rob and Matt worked together at IBM for a number of years; Rob as Technology lead and Matt as Business and Product lead across multiple client and technology initiatives. Rob and Matt worked across the telecoms, insurance, automotive and aerospace industries and led teams that specialised in digital, mobile, cloud and AI technologies and user centric design services.
Since then, Rob has gone on to lead global engineering and architecture practices, innovation and engineering teams at Telenor, QBE, TES and most recently BP and now at Marlink.
In the coming months, at Noremo we’re going to be focused on bringing that expertise to investors at Private Equity firms and business leaders at Portfolio Companies.
In a challenging global and local business environment, Value Creation is the name of the game. Software and technology is absolutely fundamental to every business today and it’s only going to get more important in the years ahead with the uptake of AI across business, government and everyday life.
Those companies that embrace change, actively experiment with the new tech and get it safely to production first are the ones more likely to survive and thrive. Otherwise, a slow death by a thousand cuts awaits.
For PE investors, that starts with doing better Tech DD. Tech DD will help you understand what software and systems your acquisition target is running and identify any outsized Tech risks prior to acquisition. That will mean you can negotiate better Ts&Cs and ensure any major Tech risks that get identified can be addressed or mitigated in the first 100 days post investment. You will also get early sight pre-acquisition, of key Tech powered Value Creation opportunities to inform and improve your investment thesis. Better Tech DD means working with Noremo’s senior Tech leaders who bring their real-world operational experience to an assessment and to the obligatory interviews with the target’s Tech leadership to uncover the unsaid. We don’t just see Tech DD as a tick-box exercise to drive future audit and financial consulting revenues, we see Tech DD as a valuable exercise in itself. We come with our own framework and AI tools to accelerate our work so we can offer standard Tech DD assessment packages to meet aggressive deal timelines.
For Portfolio Company business leaders, if your company has been around for a decade or more you will more than likely have a spaghetti mess of different systems, duplicate processes and manual interventions in your front and back office. You know you need to invest in Tech but, you’re not quite sure what you really need, what to do in which order, and how much it is going to cost. That’s where Noremo can help. We offer expert Tech strategy guidance and execution support. After we’ve understood your vision and goals for your company, we can help you create a Tech roadmap of Value Creation initiatives, to prioritise and cost key programs, launch RFP processes with multiple suppliers, interview candidates for key roles and to kick-off priority initiatives.
If you’re interested in finding out more about how we might be able to help then please get in touch.