Case Study: EMN

Hybrid advertising needed more than hustle. It needed a system that could actually see the business.

Client

A hybrid media network placing digital and physical ads across airport lounges, aircraft screens, and commuter transit. Their audience was narrow and valuable: business decision-makers who spent their lives in motion.

Context

The model worked, but the operation behind it didn't. Campaigns were coordinated through spreadsheets, email threads, and a forest of Post-its. Physical signage had its own cadence, digital programming had another, and billing lived somewhere between accounting exports and memory. Nothing connected. Every new advertiser added strain rather than capacity. Off-the-shelf software offered pieces of what they needed but nothing close to the integrated workflow their business relied on. Without automation, growth meant hiring in proportion to revenue. That math never pays out.

Boulder’s Work

Boulder began by mapping the actual order-to-cash flow. Not the aspirational one; the lived one. The diagrams made the problem obvious: EMN wasn't running a media network. They were running a logistics company disguised as one. Boulder built an integrated platform that matched the way the business operated. One system linked CRM activity, inventory availability, campaign scheduling, physical-signage logistics, billing, accounting reconciliation, and notifications. Nothing existed off the shelf that could even approximate this. It was built in a pre-cloud era, so Boulder maintained it end-to-end: hosting, uptime, training, and ongoing operational support. The system became a single point of truth that didn't rely on institutional memory to hold itself together.

What changed

Executives finally had visibility into unit economics. Sales teams stopped negotiating blind. Operations no longer had to match signage, shipping, and digital placements manually. Billing was reliable and tied directly to activity rather than guesswork. EMN could scale revenue without scaling headcount.

A member of the senior executive team described Boulder's impact this way:
This system created more operational leverage than several full-time hires. Without it, we could not have scaled the business to the level we ultimately reached.

Impact

  • Scaled operations without adding proportional staff
  • Improved margins through pricing discipline and inventory visibility
  • Reduced operational errors by consolidating the entire workflow into one platform
  • Provided documentation and system access that accelerated buyer diligence
  • System retained value more than a decade after launch

Outcome

The clarity created by Boulder's platform strengthened EMN's financial story and became part of the diligence package. Buyers were given access to the system to verify assumptions directly. The company was acquired by RMG Networks, and the platform continued operating as part of the business well beyond the acquisition.

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