On this episode
Paul Tennola, CFO of Paynet and M&A corporate development professional of 29 years, share his knowledge on bolt-on transactions as compared to new platforms.
Tennola explains that with a bolt-on there is domain expertise, an understanding of the customer segment, language, technology, and user interface experience. Bolt-on is usually a faster and tighter process. With new platforms, Tennola explains how crucial it is to go in eyes wide open.
Tennola encourages asking three questions:
1. How full is my plate?
2. Do I have the expertise?
3. How long is this going to take?