Dear Founder,

My name is Bijal Mehta, and I am a tech entrepreneur. After completing my Electrical Engineering and Computer Science degrees from Virginia Tech, I co-founded and led three different companies spanning three decades, and we sold each of them to large US enterprises:

• Accel Computers - sold to Mantech International Corporation (NASDAQ: MANT) ;
• iCode (renamed to Everest Software) - sold to Versata (Trilogy);
• Arctern - sold to Volt Information Sciences, Inc. (NYSE American: VOLT)

Companies in the IT & BPM services industry generally don’t attract equity financing (venture capital, private equity, M&A, IPO) - especially for companies under $10Mn in annual revenues, even when they are profitable. This presents the founders with a dilemma to either - (a) perpetually run their business as a lifestyle business (with limited growth and succession planning prospects) or (b) in rare circumstances, sell their company (usually at an unfavorable valuation). Many of these brilliant founders have to watch all the funding and M&A news in the SaaS and technology product (intellectual property) industry, sometimes at irrational valuations and for loss making endeavors, from the sidelines.

Allteam is a venture consortium platform that enables equity financing, business growth, premium valuation, and liquidity options for founders of IT/BPM Services firms. We are inorganically aggregating a top-line of $100Mn and $18Mn in profits, annually.

Our consortium comprises successful, like-minded leaders with a common goal and complementary strengths across various IT/BPM capabilities, domains, verticals, and geographies - to come together under a common umbrella brand and organization structure to unleash their potential.

The collective bargaining ability of being part of a much larger organization provides immense benefits to our founders in terms of access to equity financing, business growth, customer reach, talent acquisition, premium valuation, and personal liquidity. For instance, post consolidation, within two years, we are targeting a minimum P/E ratio of 16-20x enabling highly favorable liquidity options to all our founders (which is at least over 3 times the average valuation they can expect on their own). Our customers also benefit immensely from a much wider spectrum of capabilities from our “one-stop-shop” consortium consequently enabling you to win bigger and a higher percentage of bids through cross-selling and up-selling.

Our motto for Allteam is “All for one, one for all.” Analogous to the legendary “knights of the round table,” the founding leadership at Allteam agrees that each founder will act for the benefit of the group, and the group will act for the benefit of each founder.

I am sure you will have several questions regarding how our platform operates including the organization culture, structure, how you would fit in, independence and control, corporate governance, shareholder/voting rights, growth & profitability strategy, timelines, risks, valuation, milestones, succession planning, partnering with each other, and so on. These are questions every founder, deciding to raise equity financing or M&A, must face. We look forward to taking this dialogue forward.

If you are running a profitable IT/BPM services firm, please contact us to learn more about Allteam, and to evaluate how we can make a significant impact in meeting your objectives. Best wishes.

Regards,
Bijal

bmehta@allteamcapital.com