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Capturing Value for Pharmaceutical Companies

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Jim Berwick, the former CFO of Insight Pharmaceuticals, a fast-growing consumer products company in the over-the-counter space, was in the market for a technology advisor. Jim needed help building a technology infrastructure that could meet his businesses’ heavy analytical needs, without adding fixed assets that could inhibit a future sale of the company.

Bob Riesenbach and his team at CMIT Solutions of Cherry Hill responded to the challenge. By leveraging cloud-based technology solutions, Bob and his team designed the company’s information technology structure to allow the sales and operations team to keep current with market trends, while also being asset- light and fit for future consolidation.

In time, with CMIT Solutions of Cherry Hill’s help, Insight Pharmaceuticals tripled its topline sales and quadrupled profitability. Following the sale of the company in September 2014, Jim again enlisted CMIT to help plan and launch Clarion Brands, a newly founded enterprise in the OTC pharmaceutical space that he also aims to sell in the coming years.

The Results

CMIT Solutions of Cherry Hill’s services assisted Insight Pharmaceuticals and Clarion Brands in meeting the analytical needs of each business, while streamlining the IT infrastructure and system support to guarantee seamless, efficient, and cost-effective post-merger integration.

“Bob and his team at CMIT Solutions have embedded themselves into our organization. Whether it be migrating our business data to the cloud or installing a copier/scanner in my home office, I don’t need to ask questions. Bob and his technicians have our full confidence.They share our vision and speak our language.”
–Jim Berwick, Chief Financial Officer and Founder of Clarion Brands

Bottom Line

CMIT Solutions of Cherry Hill’s scalable, enterprise-level IT services substantially accelerate company growth, while capturing value for businesses preparing for an acquisition. CMIT Solutions serves as the tactical technology advisor companies need to achieve their strategic business goals.
 

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