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Technical due diligence is a routine check and a comprehensive evaluation of a company's technological health. By identifying potential risks and highlighting technological strengths, companies can position themselves for successful investments, mergers, or strategic partnerships. Preparing thoroughly, engaging experts, and maintaining transparency are vital to a successful technical due diligence process.
If you plan to seek new investments, expect investors to look beyond your pitch and scrutinize your platform. Technical due diligence is not about finding flaws in your platform and processes, but evaluating your company overall, and providing constructive feedback. It should be viewed as a learning experience. Preparation for due diligence is a healthy process that helps your company grow and improve. It requires you to examine your organization from different angles, prepare documentation, and identify weak points. Reviewers will appreciate and value it more if you acknowledge what is missing and explain why it wasn't prioritized rather than trying to conceal it.
Technical Due Diligence is an evaluation process that assesses the technical aspects of a company's product, technology stack, and development processes. It involves reviewing various technical facets to ensure they align with the company's business objectives, investment potential, and goals.
Software Architecture and Code Quality
Evaluating software architecture involves assessing its design, scalability, and alignment with business objectives. A code review ensures adherence to coding standards, maintainability, and the absence of significant technical debt.
IT Infrastructure and System architecture
It is crucial to assess the current state, capabilities, and potential risks associated with the IT infrastructure. Including evaluating infrastructure deployment models (on-premises, cloud-based, or hybrid), scalability, resilience, and disaster recovery plans.
Cybersecurity
A comprehensive security assessment identifies vulnerabilities and ensures robust protection mechanisms. It includes evaluating network security measures, identity and access management, and compliance with data protection regulations.
Intellectual Property and Compliance
Reviewing intellectual property rights and licenses and complying with industry standards and regulations ensures legal protection and adherence to necessary guidelines.
Team and Workflow
Assessing the technology team's structure, expertise, and development processes provides insights into the company's operational effectiveness. It is vital to understand the team's ability to execute the roadmap efficiently and their communication channels.
Devspace have developed a custom framework based on our extensive experience providing this service to customers in EU and US evaluating companies around the globe.
Whole process depends on how deep you want to go, but at least 3 weeks and up to 6 weeks, of course depending on the size and complexity of the company which is being assessed
Request a free consultancy call with us and we will reach out within 24 hours. We offer consultancy to understand the client’s current obstacles better.
