Well it does. To the tune of $1 billion or more. In 2000, Nortel Network announced the acquisition of a Scrum user, CoreTek - a 120 person company in Wilmington, MA - for $1.43b. However, the offer was not this high always. Initially, Nortel was already interested in CoreTek and at a much lower valuation ($300 million). This was before CoreTek even had a proof of concept ready. CoreTek president, Parviz Tatebati, did not like the offer much and wanted to introduce a couple of new subsystems at a show in early March to raise the valuation. The timeline was short and intricacies of the system uncertain. The team turned to Scrum and the Scrum Master [Ken Schwaber], helped them focus on most important requirements [upcoming trade show]. Ken did not understand the technology [CoreTek uses micro manufacturing to build newly invented tunable lasers and laser filters used in fiber optic networks] but used Scrum - daily Scrums and prioritized backlog - to keep the entire team focused on getting these subsystems ready for the March show - and nothing else. And CoreTek succeeded. The valuation was up four times in less than 06 months. As per Ken, this happened, because the team identified core issues that were hindering their productivity as well focused them on the thing that is most important for their job. One of the primary benefits of Scrum is focus and this is achieved through removing interference and prioritized backlog.

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