Every company has a journey and Sumeet Shrivastava shares with Editor Nick Wakeman the path Array Information Technologies followed from when he joined as CEO in 2008 to its recent sale to CGI Federal.
Every company has its own journey and in this episode, Sumeet Shrivastava shares with Editor Nick Wakeman the path Array Information Technologies followed from when he joined as CEO in 2008 to its just-completed sale CGI Federal.
Shrivastava describes the risks Array took such as focusing their efforts on a smaller part of the business as they positioned themselves for future growth. After an initial contraction, the company doubled in size to 300 employees and shifted from 85 percent of its revenue in small business set-aside work to 90 percent from full-and-open contracts.
Then it came a time for Array to find a buyer. Shrivastava details that part of Array's journey and how they came to pick CGI Federal.
Every small business faces the inflection points that Array has faced, so this first-hand account offers lessons learned and plenty of advice as companies navigate today’s market. Shrivastava shares some of the important questions businesses should ask themselves as they move from one phase to the next.
NEXT STORY: PROJECT 38: How can M&A drive innovation?