Advisory · Technology Due Diligence
Technology due diligence before money moves.
Independent technology due diligence for PE firms, boards and investors evaluating an acquisition, investment or roll-up. We assess the architecture, code, team and roadmap and tell you what the technology is worth, what it will cost to fix and what could break the deal.
Why this exists
The data room shows the technology at its best.
Architecture diagrams, a polished roadmap, a confident CTO. None of it tells you whether the platform will scale with the investment thesis, how much of it depends on two people or what the technical debt will cost after close.
Our technology due diligence is done by operators who have built and scaled platforms, so we know where to look. We read the code, test the architecture against the growth plan and talk to the engineers as well as management. Every finding is tied to value: a cost, a risk or a condition for the deal.
We are independent of the seller, of your portfolio vendors and of any post-close implementation. Our only deliverable is the assessment.
Problems we solve
What the assessment answers. Before you sign.
Will it scale with the thesis?
Whether the architecture can support the growth, markets and products the investment case assumes, and what it costs if not.
What is the technical debt worth?
The debt quantified as post-close spend rather than described as a concern.
Who holds the knowledge?
Key-person risk across engineering and whether the team can deliver the roadmap.
Is it secure and compliant?
Security practice, data handling, open-source licensing and regulatory exposure in the markets that matter.
Is the product what it claims?
Whether proprietary technology is genuinely proprietary and how much depends on third-party platforms.
Deliverables
What you get. Ready for committee.
Executive summary
Findings ranked by deal impact, in plain language for the investment committee.
Architecture and scalability review
The architecture tested against the business plan, with bottlenecks and their cost.
Code and engineering assessment
Code quality, test coverage, delivery practice and technical debt, sampled from the repository.
Team and key-person review
Structure, capability, dependency and retention risk.
Security and compliance review
Practices, exposure and open-source licence risk.
Post-close plan and cost
The first hundred days of technology work and its budget, ready for the value creation plan.
How it runs
Scope. Assess. Report on your timeline.
Step 1 · days 1–2
Scope
Deal thesis, timeline and access agreed. Data room and repository access requested.
Step 2 · 1–3 weeks
Assess
Documents, code and infrastructure reviewed. Sessions with management and engineers. Red flags shared as found.
Step 3 · weeks 2–4
Report
Final report and investment committee briefing, timed to your deal.
Who this is for
Operators with a decision on the desk.
Private equity firms
Pre-acquisition technology diligence for platform deals and add-ons, including roll-up integration risk.
Investors and family offices
An independent technical read on a growth investment before term sheet or close.
Boards and acquirers
A sell-side readiness review, or an outside view before a strategic acquisition.
How we compare
The same question, three ways to answer it.
Common questions
What is technology due diligence?
An independent assessment of a target company's technology before an acquisition or investment: architecture, code, team, security and the cost of the roadmap.
How long does technology due diligence take?
Usually two to four weeks. We can run faster on a tight deal timeline and share red flags as soon as we find them.
Do you need access to the source code?
Ideally, yes. Sampling the repository is where most hidden debt shows up. Where access is limited, we work from documents, demos and engineer interviews and state what that leaves untested.
Do you do sell-side diligence?
Yes. A sell-side review finds and fixes issues before buyers do and gives the data room a credible technical story.
Is the work confidential?
Yes. We work under NDA and share findings only with the people you name.
What happens after close?
The report includes a post-close technology plan. Run it yourself, keep us on as adviser or move into a Build where the plan calls for one.
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Evaluating a technology company?
Book a discovery call. Share the timeline and the thesis and we'll scope the diligence around them.
01Book a Discovery CallAdvisory starts with a discovery call