Subject category:
Entrepreneurship
Published by:
Stanford Business School
Version: 10 March 2003
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https://casecent.re/p/101449
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Abstract
Sygate Technologies, Inc was an enterprise IT security software company. In 2000, by bringing in a team of professional managers, the company transitioned to a strategy that targeted 'Global 1000' companies with distributed and mobile workforce. In 2002, after successful product releases and initial traction in the market, Sygate secured additional venture capital funding. In November 2002, top management met to define the corporate goals for 2003 and develop a financial plan that would help them achieve those goals. The managers considered various aspects of the budget: revenue growth, engineering and customer support expenses, sales force ramp-up, etc. Students are asked to develop the budget based on the information given. Students learn how to build a financial plan.
About
Abstract
Sygate Technologies, Inc was an enterprise IT security software company. In 2000, by bringing in a team of professional managers, the company transitioned to a strategy that targeted 'Global 1000' companies with distributed and mobile workforce. In 2002, after successful product releases and initial traction in the market, Sygate secured additional venture capital funding. In November 2002, top management met to define the corporate goals for 2003 and develop a financial plan that would help them achieve those goals. The managers considered various aspects of the budget: revenue growth, engineering and customer support expenses, sales force ramp-up, etc. Students are asked to develop the budget based on the information given. Students learn how to build a financial plan.