Abstract
Fairfax, VA, October 6, 2009. Atul Jain, founder of TEOCO, a provider of specialized software for the telecommunications industry, had been meeting all day to finalize a partnership agreement with TA Associates, a private equity firm. For Atul, the pace of activities had been relentless on this special day.1 By all accounts, the last 12 hours had been hectic but the closing of the transaction was a success. The event had started with back-to-back meetings between TEOCO’s senior management and their new partner’s representatives and had culminated with the usual press conference to mark the occasion. The senior management teams of both organizations announced to the business community that TA Associates (TA hereafter) had made a minority equity investment of $60 million in TEOCO. It was indeed a memorable day, the culmination of intense and uneven negotiations between two organizations that did not have much in common except for deep industry knowledge and a shared interest in seeing TEOCO succeed.
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Notes
Collins, J. C., & Porras, J. I. 1994. Built to last: Successful habits of visionary companies. New York: Harper Collins Publishers.
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© 2014 Frank Shipper
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Calo, T.J., Roche, O.P., Shipper, F. (2014). TEOCO (The Employee Owned Company): Principled Entrepreneurship and Shared Leadership. In: Shipper, F. (eds) Shared Entrepreneurship. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137405807_11
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DOI: https://doi.org/10.1057/9781137405807_11
Publisher Name: Palgrave Macmillan, New York
Print ISBN: 978-1-349-46164-6
Online ISBN: 978-1-137-40580-7
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