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A Private Equity transaction: The CrashPlan story [Video]

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Venture Capital

A Private Equity transaction: The CrashPlan story

Hear the story of Anna Johnston, VP and Controller of CrashPlan, who was part of a large divestiture, and had to move off the previous parent’s company’s systems, and Transaction Services Agreement (TSA) in under 90 days. CrashPlan protects more than 50,000 world-class organizations with endpoint backup and recovery becoming a solution for ransomware recovery, breaches, migrations, and legal holds.

Working with Sage Intacct, and CrossCountry Consulting, Anna and team were able to:
* Manage the billing, renewal, metrics, and rev rec for 2,500 recurring contracts across 900,000 users,
* Calculate revenue recognition, consolidations, and FX at the push of a button
* Complete an International roll-out with VAT, Tax, FX, and multi-currency

All while successfully moving off the TSA in under 90 days.

About Sage:
Sage develops business cloud software products for small and mid-sized businesses. Our Sage Business Cloud delivers cloud-based business management software and services across accounting, human resources, payroll, fixed assets, and enterprise resource management.

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