Case Study:
NexTone Communications
We took the company to a new level of profitability within six months. Gemini’s coaching provides a new level of business integrity and performance. It is THE competitive tool in today’s business environment. We produced miraculous results that resulted in the successful sale of our company.
-Raj Sharma, former CEO and Founder, NextTone Communications
Overview:
NexTone Communications was a voice-over-IP infrastructure company that went from being a startup to a 300 person firm before being acquired in 2008.
Objectives:
- Transform the corporate culture from one of distrust, divisiveness and insufficient integrity to one of alignment, trust, teamwork and full integrity
- Create an extremely effective sales team using state of the art sales methodology
- Take the company from a startup operating in the red, to a firm with exponential growth and profitability
Approach:
Initially, the seven member executive team participated in a workshop and:
- Distinguished where integrity was missing in client relations that had been causing a lack of trust and impeded the company’s full potential
- They were then able to restore their client relationships by taking responsibility for the divisiveness between sales and delivery
- The team came together as one after inventing a shared future and purpose that inspired each executive
- This allowed them to became highly motivated to create partnership, support, and effective communication
The Head of Sales received one-on-one coaching to:
- Have continual breakthroughs into larger market areas, reaching unprecedented sales results on a quarterly and yearly basis
- Transform himself from a highly productive individual salesman, operating solo, into an effective manager, team player and executive
- Learn Gemini’s sales methodology that had the sales team “be in the customer’s world”, implement a culture of accountability and have sales increase exponentially
Results:
NexTone’s results started one month after the initial 3-day workshop in 2000. Since then, NexTone:
- Increased annual revenues by 7,901% from 2001 to 2005, to $14.7 million
- Secured more than $92 million in venture capital financing with investors that include One Equity Partners
- Grew from a handful of employees to about 300, with offices in Tokyo, Singapore, London, Amsterdam and Coral Gables, Florida
- 2007
- Named Future 50 winner by Smart CEO Magazine
- Ranked #2 in Deloitte’s Maryland Technology Fast 50 list
- 2006:
- Ranked #1 in Deloitte’s Maryland Technology Fast 50 list
- Ranked #36 in Deloitte’s North American Technology Fast 500 list
- Received the first Maryland Technology Champions Award from Governor Robert Ehrlich
- Named one of IT Week’s Top 50 Technology Innovators
- Named to the Pulver 100 list
- 2005:
- Named one of IT Week’s Top 50 Technology Innovators
- Named to the Pulver 100 list
- 2001-2004:
- Named to the Pulver 100 list