Our proven technology due diligence process is composed of 5 major steps, executed in a timely fashion, so that we can limit impact on the target company.
During the preparation phase , our goal is twofold. In the first instance, we want to clearly understand the requirements of our clients. These requirements will differ depending on the type of the investor, the stage of the company’s life cycle, and the particular goals of the investor. For the second part, our goal is to become acquainted with the target company and to be introduced to the technology team. During this phase, an information request is shared with the target company, giving them a structure to use for preparing for upcoming meetings and interviews. The questionnaire is customised to suit the requirements of our client.
The interview phase comprises information gathering activities. The target company puts together a response to the information request, and shares the supporting document in a virtual data room. We review the response, and based on that response, we schedule onsite or remote interviews with all key technical personnel. We typically require access to monitoring and analytics systems and other relevant data sources.
Once the information gathering phase is complete and we have performed a high-level analysis of the information, an initial debriefing session is held with our clients. We provide a summary of the most important risk factors we have identified and we present a headline-type overview of the target company’s technology department. The session provides our customers with the the opportunity to request further investigation of any aspect of the findings.
The delivery phase follows next. During this phase, the final report is drawn up. The contents of the report is described in the "Deliverables" section. The report is supplemented with a summary in presentation (powerpoint) format.
The final phase of closure involves discussing the conclusions, the identified risks and the mitigation measures documented in the report During this phase, the due diligence team will offer the customer the option of doing follow up assessments. In our experience, software driven companies rapidly go through life cycle changes - and it is necessary to safeguard the investment by ensuring that technical recommendations are implemented as agreed on. The closure phase sets out a roadmap for future interactions with the target’s technology team, and delivers all the information the client requires to reduce the risk of technology-related problems arising in the future.