Aramino has launched a first-of-its-kind special-purpose acquisition companies (SPAC) Accelerator advisory service as part of its partnership with cybersecurity platform, NightDragon.
The new venture has been done to capitalize on SPACs breaking funding records in 2020, representing close to half of the IPOs in the U.S. market.
Dave DeWalt, founder and chairman of NightDragon, said: “By aligning our M&A, go-to-market and operational experience with Armanino’s leadership in finance, accounting and business process technology, we can now address every possible angle to help private companies avoid the pitfalls we’ve seen during the recent surge in SPAC transactions.
“Through our alliance, companies will have access to a team of experts who will provide a strategic advantage for companies moving from private to public.”
Tom Mescall, partner-in-charge of consulting at Armanino, said: “In recent years, most companies acquired through a SPAC have seen a number of deficiencies and weaknesses discovered through the public audit.
“Our advisory service is designed to preemptively address any potential issues, including leadership, personnel, operations, accounting and financial reporting, internal controls and more.”