Survios, a virtual reality content-creating company, lacked the necessary resources to properly manage its finance function. As the dedicated CFO partner for Survios, Trivium developed deep-dive models and presented detailed due diligence to better understand and manage Survios’ finances.
Trivium partnered with Survios, which needed an overhaul of its long-range planning model. As newly minted CFO, Joshua Green needed dedicated partners to augment his mandate, which spanned finance, accounting, and strategy.
The new strategy included investments within multiple business units, content development, and analyzing a potential M&A (LBO) deal for a game development company. The work was divided into three phases for maximum productivity.
In Phase I, Trivium focused on analyzing an LBO deal by creating a detailed operational model of the target company, using granular assumptions on the underlying drivers of the company’s games portfolio. A scenario manager engine was created to analyze the effect on the target company, post-merger, with a view on synergies and potential growth initiatives to boost financial performance.
In Phase II, Trivium enhanced Survios’ financial model and added functionality for new products/games by developing a dynamic assumptions engine and add-ons in the form of multi-site location-based entertainment ventures ramps, a JV model, and other growth initiatives.
In Phase III, Survios’ financial model was dynamically transferred to the cloud, allowing for greater accessibility and control.
Survios obtained a bespoke financial model that is used extensively for internal management of the business. Moreover, the model has been utilized for due diligence across multiple successful capital raises.