 Fledgling company grows its wings with Isosceles
Emerging businesses need full, effective accounting and finance just as much as well established corporations. The trick, however, is knowing how to establish the right structure and support systems that will accommodate growth just as the fledgling company grows. It was for Detica Group Plc and its new company, Streamshield Networks, that Isosceles addressed such a challenge.
StreamShield is a company born out of advanced telecommunications research and development work by Detica.
With Detica a majority shareholder and continuing to invest considerable funds into StreamShield, this company forms an important part of Detica’s investment strategy.
The Requirement
From the beginning, Streamshield needed an individual with the commercial and financial expertise to help complete the all-important business plan.
At the same time, it had to be considered that if Detica were to pursue its investment on the strength of the business plan, then Streamshield would require an accounting function migrated out of Detica to a stand-alone department, which could then set up its own procedures, controls and reporting.
Read the full case study (PDF).
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