LisleTech works with companies at all stages. Our typical clients are middle market companies and emerging businesses that have raised a seed round or higher of financing.

In order to provide the best possible attention to our portfolio clients, we limit the number of equity clients. We evaluate our service investment prospects using the same due diligence process as VC's or Angel Investors.

The first step is a review of the company's executive summary and specifically, the technology requirements.

Secondly, selected companies are invited to meet with LisleTech's partners and discuss potential opportunities to work together.

Follow-up meetings are arranged to develop a further understanding of the project's feasibility and terms of agreement.

An equity arrangement is completed based on a mutual interest of both parties.

Our equity interest is based on the types of services and discounts offered and the company's stage of development. In equity-based relationships, LisleTech's services typically exceed technology development. These services include assistance in fund raising efforts, operations development, strategic partnerships and infrastructure outsourcing. The equity sought is determined on a case-by-case basis, as each client will need assistance in these areas to varying degrees. Overall, LisleTech's equity interest ranges from 1-6% and does not typically exceed 9%.

LisleTech supports early-stage companies using a services-for-equity model. We do not invest cash in companies, because our focus is to invest services. We do, however, assist our clients with capital raising efforts. We have an established network of angel investors and VC's, who can potentially fulfill our client's capital requirements.

Equity arrangements are tailored for early stage clients and are completed on mutual agreement and interest. Our equity clients benefit from enhanced services, deep discounted rates and a mutually vested relationship.

Since LisleTech works with established companies as well as more mature technology companies, we provide these services without an equity arrangement. They take equal priority to our client base, but are strictly technology development focused. LisleTech will also perform fixed-bid contracts, royalty arrangements or sliding scale discounts to ensure attractive and competitive project costs.

LisleTech works with companies through the full development cycle. The cycle will include: 1) Architecture and Design, 2) Use Case Analysis, 3) Engineering Plan, 4) Budget and Expense Estimates, 5) Project Management, 6) Application Development and Engineering, 7) Process Methodology, 8) Testing and Maintenance

Our project commitments typically range from 4 - 12 months.

LisleTech offers deep discounts on rates. Depending on the expertise required to fulfill the project, our clients will realize a 25-30% further reduction off already below market rates. Additionally, LisleTech employs technology development practices that ensure utilization of the most cost effective resources. For example, when integrating with off-the-shelf software products, LisleTech investigates the less costly yet scalable alternatives. Experience is always the best tool for managing cost and the LisleTech team has over 16 years building complex systems and products on budget. For projects with well-defined requirements, work can be performed on a fixed-cost contract.

Our senior most technologists are Managing Partner project executives who work directly with our clients. They are responsible for evaluating the scope of the project, making recommendations, designing the project work-flow, overseeing development and ensuring timely delivery. On the back-end, LisleTech uses a combination of internal and partner resources in the US and Bangalore to fulfill the project requirements and optimize development speed and technical expertise.

Our business model allows us to provide expandable resources to our clients. LisleTech functions as the core team on every project. As a client's technology needs grow and become more diverse, LisleTech utilizes specialized partners who function as an extension of the LisleTech team. This methodology allows us to meet the needs of changing businesses, specifically companies that grow at an unusually rapid pace.

LisleTech has developed special agreements with the investors in our network. They have an interest in the prospects we bring them because of the due diligence we conduct on our own prospects and our advanced technology focus. When LisleTech recommends a client to an investor, the investor considers the introduction a qualified referral.

LisleTech handles all discussions with the utmost discreteness and professionalism. However, as most consultants who must evaluate multiple opportunities, we prefer not to limit our pool of potential prospects by signing non-disclosure agreements until a serious interest to work together has been established.

LisleTech has capabilities to manage the full development cycle. When necessary, we can work with your choice of technology service providers, such as front-end web design firms.

How much we get involved in Q/A depends on several factors, such as how big the project is, whether the customer has their own Q/A team, etc.

For LisleTech (India)-based work we do unit and system testing at that site, with follow-up system testing at our facility in Chicago. When partners are involved, our LisleTech (India) team performs system testing and follow-up on unit testing details.

For example, XMLSolutions grew in size to the point that they had a large and sophisticated Q/A team. They continued to do their own Q/A because they had other internal development that was integrated with our components for the final product. To-date, the Q/A testing of the components we deliver has gone extremely well. In fact, LisleTech was scheduled to be the first to deliver to Q/A because our components always went through their Q/A process quickly.

LisleTech works with the client's legal counsel to ensure the proper transfer of all intellectual property rights.

In equity-based relationships, the vesting of LisleTech's options is tied to mutually agreed deliverables. The performance-based relationship serves as a service guarantee. In non-equity engagements, warranties are included in most standard LisleTech contracts and associated with the outlined work phase, which is also tied to a payment schedule.