In this episode of the Tech M&A Podcast, Corum speaks with Andreas Ulrich, the founder of PlanFocus, a cash optimization software company. Andreas shares his journey from the inception of PlanFocus to its successful sale in 2022. He discusses the challenges and surprises of the M&A process, the importance of thorough documentation, and the lessons learned along the way. Andreas also reflects on his new role post-acquisition and offers advice for other CEOs considering M&A.
Takeaways
- Andreas Ulrich founded PlanFocus in 2004 with a focus on cash planning.
- The M&A process was planned from the beginning of the company.
- Due diligence was time-consuming and challenging to manage alongside daily operations.
- COVID-19 impacted the M&A process, requiring more virtual communication.
- Having up-to-date documentation is crucial for a smooth M&A process.
- Post-deal, Andreas remains the managing director of PlanFocus.
- The experience of selling a company is unique and valuable for entrepreneurs.
- Corum Group provided essential support during the M&A process.
- Andreas is contemplating future ventures after the acquisition.
- Financial security post-deal has been a positive change for Andreas.
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