In 2015, Mary Cecola, CIO of Antares Capital, was faced with a dilemma.
At the time, the middle-market private equity firm was a unit of GE Capital. Then GE decided to sell Antares to the Canada Pension Plan Investment Board (CPPIB) in a deal valued at about $ 12 billion.
“There were some unique challenges with the Antares divestiture,” Cecola says. “The Antares infrastructure was all run by GE. We had an 18-month transition services agreement. I was brought in four months into that. I was the only IT employee, and my goal was to ensure Antares was a standalone business by February 2017.”
Part of the transition agreement was the understanding that Antares couldn’t run dual networks. GE’s IT would pull out on a Friday and Antares’ new IT shop would be up and running on Monday when employees came in.