Selected Client Case Studies
1. Celonis, a German enterprise data mining SaaS supplier needed to ramp up in the US. Action: Set up and managed payroll, accounting, employee benefits, sales taxes, and corporate compliance. Result: After a year, the company grew in 6 states, had 25 employees, and multiple US customers. (The company became a unicorn two years later)
2. Gatespace, a Swedish OSGI platform service funded by Ericsson needed to create and grow the US operation. Action: established bank accounts, negotiated a short-term lease, laid out office space for 20 employees, worked with an immigration lawyer to get visas for the CEO and two transferees, implemented company's accounting system and procedures, payroll, and employee benefits. Result: Within a few months, the company had 17 employees, one executive, and two vice presidents.
3.Critical Blue, a Scottish electronic design automation tools for improved design of demanding multimedia applications company wanted to start operation in the US. Action: Incorporated and registered the entity with Delaware and California; set up a bank account, payroll, employee benefits, and accounting system; drafted employee handbook and number of accounting and administrative forms. Result: the company continues to expand the US operation successfully.
4. M2000, a French FPGA semiconductor startup wished to start a US subsidiary to raise a second equity round in financing with US investors. Action: Set up the US subsidiary and managed the company's limited cash during the fundraising. Result: The company closed a $30 million round led by a US 1st tier venture capitalist.
Cases