We're pleased to announce that as of October 1, 2011, we have formally added a Technology Diligence Practice by becoming the operating partner in a joint venture with Semaphore.
Many of you may already be aware that we have been working closely with Semaphore to provide Technology Diligence for the last 5 years. During that time, we’ve worked on dozens of engagements with Semaphore where we’ve been able to bring Market Strategy Consulting and Technology Diligence together to answer questions for investors and companies such as:
- Can the market support the company’s growth projections and if so, can the company’s technology cost-effectively scale to support the growth?
- Which of the three new markets we are considering has the greatest market potential and what will it take adapt the product to serve it?
Our joint venture comes on the heels of the retirement of my close friend and colleague, Cris Miller, who founded the Semaphore Technology Diligence Practice in 2001 and has been its driving force for the last 10 years.
With Cris’s retirement, Semaphore decided that the best way to continue the practice was through this joint venture. As Semaphore’s President, Mark DiSalvo, said. "Through our long partnership, Topline has developed a great understanding of the Technology Diligence business as well as built strong relationships with our senior technologists and major clients. Having them take the business forward, while we focus on our core Private Equity Funds-under-Management Practice, was a natural."
While Cris is retiring, he will be lending his support to ensure that the transition is nearly seamless for Semaphore’s clients. He will be joining Topline Strategy as an advisor, providing his decades of wisdom to our continued efforts.