Let us help with your Tech Due Diligence

When investing in a technology business, it's crucial to ensure the software is fit for purpose. We conduct a comprehensive audit of the company's processes, including specialized due diligence on its software and technology, to determine whether it's suitable for investment or acquisition. With experience in IT due diligence for investments ranging from £1m to £300m, we can help you maximize the value of your transaction.

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We can review:

Secure Code Audit

Quality Code Audit

Quality Assurance Process

Customer Service & Support

Networking & Infrastructure

Software Licensing

GDPR & Data Protection

Cybersecurity

Disaster Recover Processes

Freelance & Home Working

Backup Recovery

Penetration Testing

Vulnerability Assessments

Development Team Overview

Software Development Tools

Project Management

Continuous Integration

Open Source/FOSS Register

IP carve outs

When acquiring a software product that requires separation from a company and potentially other software, it's essential to have a clear process to manage the transition and define the intellectual property. We can help with this, ensuring the software is fit for purpose, identifying any areas of shared services, and determining if licensing agreements are needed.

Process

This work is typically conducted on-site and involves direct interaction with company management, as well as interviews with staff. We engage with various team members to understand their actual workflows, which often differ from the management’s perspective. Following this, we produce a detailed report outlining our findings and offering recommendations for improvement, including enhanced project management tools, software release management, and backup processes. The report will also cover the approach taken, key findings, and a thorough audit of the development team, tools, and processes.

Getting ready for investment or to sell?

A challenging due diligence process can strengthen the buyer's negotiating position and may even cause them to reconsider the deal. Sellers must get it right from the start. An entrepreneur selling their business might believe the deal is nearly complete once a prospective buyer signs the heads of terms, indicating a preliminary price. However, this is contingent on due diligence, during which the buyer thoroughly examines the business to ensure it aligns with their expectations.

Security Due Diligence

The company's developed software, IT systems, and data must be safeguarded against cyberattacks, properly backed up, and equipped with redundancy to prevent any single point of failure, such as a server crash that could cripple the business. Strong operational procedures are also essential, such as controlling personal devices used for business purposes. Compliance with the EU/UK General Data Protection Regulation (GDPR) will be a key concern for buyers. North IT can assist by guiding your company through the IT due diligence process, ensuring everything is in place when the audit occurs. We work with you and your team to conduct a mock due diligence review, examining current systems and processes, and providing recommendations for improvements. This way, when the actual audit happens, you'll be well-prepared to negotiate from a strong position.