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Case Study · 05

Post-Acquisition Operating Model Transformation

Stood up governance, delivery cadence, and tooling for a recently acquired post-trade platform embedded in five of the world's eight largest investment banks. Ninety days post-close, no playbook in place.

2019 to 202230 monthsIntegration & Transformation
Client
Post-Trade Fintech SaaS
Acquired by global IT services firm
Portfolio
5 of 8 largest global investment banks
€16.2M FY2018 accumulated profits
Industry
Fintech, Capital Markets
Presenting Problem
No governance, no tooling, 90 days post-close
Headline Result
£80 to 100M+
Asset Stabilized Through Integration
The Situation

In March 2019, a global IT services firm acquired a Dublin-founded, London-based fintech whose platform automated post-trade processing for taxes, fees, commissions, and cash flows across global financial institutions. At acquisition, the software was trusted by five of the world's eight largest investment banks. PE investors had grown the team threefold and exited at a 4.0x return with a 47% IRR.

Ninety days post-close, the team had no acquirer credentials, no standard tooling, no sprint cadence, and no communication from leadership about what integration would look like. The co-founder was the sole keeper of the legacy codebase. Brought in by the acquirer's accelerator group as integration lead: build governance and delivery systems, close the gaps, and protect the platform the banks depend on.

Challenge
01

Single Point of Failure

The co-founding CTO was the sole keeper of the legacy codebase. All production triage ran through one person at a platform embedded in global systemically important banks.

02

No Product Ownership

Work was driven entirely by client contracts. Requirements moved from SOW to technical task with no strategic prioritization in between. No product owner existed.

03

Agile in Name Only

The team understood the philosophy but ran zero ceremonies. No sprint cadence, no grooming, no retrospectives. Whoever was loudest got prioritized.

04

Five Siloed Product Lines

Sales, BA, engineering, and implementation operated without a shared communication pattern across five distinct product lines. Decisions didn't travel.

05

No Standard Tooling

Team ran on a proprietary task system. Jira, GitHub, Slack, and Confluence. The acquirer's standard delivery stack. Had not been provisioned by day 90.

06

Integration Vacuum

Leadership was silent. A 30+ person team was running anxious and disengaged, with no credentials, no onboarding, and no visibility into life inside the parent company.

Actions
Engineering · BA · Product · Implementation

Full Agile Immersion

Scrum framework, sprint ceremonies, user story standards, backlog management, Definition of Done. Delivered to the entire organization across Dublin and London.

Proprietary system migrated

Jira from Scratch

Jira configured for five product lines. Proprietary task system mapped and migrated in parallel. No work lost in the transition.

5 product lines · 1 model

Backlog Consolidation

Active client enhancement work reprioritized against strategic goals for the first time. Fragmented, client-reactive backlogs structured into one repeatable model.

Intake → SOW → dev → release

Delivery Lifecycle

End-to-end framework designed and implemented. Replacing ad hoc contract-driven development with a repeatable, enterprise-compatible delivery system.

Slack · GitHub · Confluence

Tooling Provisioned

Full team roster of 30+ employees built and maintained. Parent-company credentials provisioned to close the day-90 tooling gap.

Acquirer · accelerator · BFS unit

Integration Liaison

Served as the bridge across the acquired company, the acquirer's accelerator group, and the Banking and Financial Services business unit throughout.

Results

Acquisition protected

Integration risk closed 90 days post-close

A failed integration at a platform embedded in 5 of 8 global top-tier investment banks carries regulatory, reputational, and contractual exposure. Synova's PE exit valued the business at an implied £80 to 100M+ range.

£80 to 100M+ asset

30+ person team transformed

Full org across Dublin + London

Every employee across engineering, BA, product, implementation, and sales trained in Agile delivery and provisioned with parent-company tooling. From zero.

100% of org

5 backlogs structured into one

First-time consolidation

Fragmented, client-reactive backlogs across 5 distinct product lines structured against strategic priority and migrated into Jira from a proprietary system.

5 → 1 model

Single point of failure addressed

Co-founder as sole codebase custodian

Technical documentation and knowledge dissemination program initiated. At a platform supporting systemic financial infrastructure, a single-person dependency is a material continuity risk.

Key-person risk reduced

Delivery framework stood up from zero

Intake → release

End-to-end lifecycle designed and implemented. Replacing ad hoc client-reactive development with a repeatable, enterprise-compatible delivery system.

Scalable model installed

€16.2M profit base defended

FY2018 accumulated profits

A disengaged, untooled team at a critical integration juncture risks client attrition. Stabilizing operations preserved the conditions for client retention through the transition.

Revenue base protected
Stakes of the engagement
£80 to 100M+
30 months · Integration & Transformation · Fintech, Capital Markets
Her contributions to coaching and training the teams left a lasting impact, resulting in the formation of a dedicated agile function within the business.
Tristan H., Senior Director of Engineering
post-trade fintech platform