Atlas works with clients in a discrete and preemptive manner to address underperforming businesses. Atlas secures all required services to achieve effective Turnaround Management. Atlas's approach is geared to turn potentially troubled situations into opportunities for rejuvenation
Atlas worked with Insignia Systems to "save" their 2 major customers. The Sales enablement program jump started their moribund sale efforts.
"Due in large measure to Michael's efforts and leadership, Insignia has turned around. Our stock price has gone from $0.30/share to over $3.00/share and consequently market capitalization has grown $41 million. Thank you Michael!"
Scott Drill – Founder and Former CEO Insignia Systems, Inc.
GLOBAL AXCESS CORPORATION
The Company was an ATM business that expanded into other non core kiosk businesses. I was engaged by the Board and lead the restructuring. GAXC was positioned for a sale to a strategic within 18 months.
""Michael was a transformative leader at GAXC. He handled the interim CEO duties of running a public company exceptionally well. Under his leadership the company reported record ATM sale and profits, reduced headcount 28%, repositioned a struggling division; while the market value of the Company increased 25% in seven months."
Joe Loughry - Chairman, Global Axcess Corp. (OTC: BB GAXC)
SoftBrands, Inc., a provider of software solutions for businesses in the manufacturing and hospitality industries worldwide, was underperforming and its Board felt the best path forward was to sell to a private equity group.
To achieve a better valuation, Atlas was hired to undertake an extensive profit improvement program. Atlas improved SoftBrands EBITDA by taking out $1.9 million of G+A. This was accomplished by consolidating accounting and finance operations that were spread out globally into one location and adopting common systems and best practices.
As a result, Golden Gate Capital acquired SoftBrands at a significant premium to the company’s stock price at the start time of Atlas’s engagement..