MDI Group recently hosted our 2014 Technology Executive Forum Series with events that took place in early May. The discussion topic was “Mergers and Acquisitions: Elements of Successful Technology Integrations,” and technology executives representing numerous organizations shared their perspective and insight on this critical topic in today’s IT industry.
MDI Group’s executive forums are invitation-only networking events, and no vendor or sponsor representatives are allowed to attend. The focus is to provide an environment that is conducive to sharing ideas and best practices for what’s next in technology. The following summarizes the discussion among attendees from our forum events.
How should companies plan for successful technology integrations and what can your company expect throughout the integration process?
Executing successful technology integrations can be a significant benefit to a company in many ways. Mergers and acquisitions give businesses the opportunity for organic growth and expansion, reduction of overall costs and competitive edge in today’s market. The problem that many companies face with mergers and acquisitions in the technological field is that they fail to develop a comprehensive plan before beginning the complex process. IT executives agree that proper planning for the implementation of the integration is vital, but also recognize and accept that there will be many challenges faced throughout the process. Attendees agreed that you should have an idea of what to expect short term and long term after the integration is complete. Key points discussed for short term expectations included knowing your necessities on day 1 and also being realistic about what can be achieved in the first 100 days. All IT leaders agreed that communication between IT and the business is imperative throughout the early days of the merging process and after the deal is done. Experts advised that in future technology integrations they would engage more resources to improve the speed of the merge including data communications, telephony, end user workstation setups and by looking for ways to improve collaboration. It is important to have a real picture and definition of success for your specific integration. Overall, IT leaders and businesses must come together to ensure that integration is successful.
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MDI Group helps IT organizations tackle “what’s next” in terms of emerging technology projects and challenging business objectives by providing a full range of information technology staffing services and contingent workforce solutions that supplement in-house resources. Services range from contract and contract-to-hire placements to project teams and end-to-end processes that maximize the engagement and management of contract labor. Since 1988, MDI Group has successfully placed more than 10,000 technology consultants with mid-sized to Fortune 500 organizations across the country. MDI Group has offices in Atlanta, Austin, Charlotte, Dallas, Fort Worth, Greenville and Phoenix.
The Executive Forum Series consists of invitation-only roundtable events hosted in metropolitan markets throughout the United States for IT executives and thought leaders. For more information, visit www.mdigroup.com.