Initial product was a point automation solution to help major exporters
(e.g., Nortel, Microsoft, Gateway) more efficiently process regulatory
documentation
Capital and expertise were required to expand the offerings
and scale quickly to grab market opportunity
Battery was sole A round investor,
finding the company through targeted logistics software sector research
The Battery Difference
Actively recruited an executive Chairman and a new team of VPs
Guided
product expansion to include imports
Repositioned the business to
focus on a managed service offering, which led to the signing of a major
outsourcing contract with Ford Motor Company
Facilitated several rounds
of additional financing to fuel growth
Result
Steered the company from $2M to more than $80M in revenue
Executed a very
successful IPO
Market value was more than $600M when Battery distributed
its shares and stepped down from the Board