Due Diligence: Assessing Technology and Business with Precision
Due diligence isn’t just about ticking boxes – it’s about truly understanding what you’re stepping into. Whether you’re evaluating software for a merger or diving deep into the operations of a new business, you need more than just surface-level insights. With over 35 years of experience across multiple industries, I approach due diligence with a focus on people first. That means understanding how the technology or company you’re assessing will impact your team, operations, and long-term goals.
Application/Software Due Diligence
Software is the backbone of many businesses today. But not all software is created equal, and that’s where software due diligence comes in. From my experience as a CTO and IT Consultant, I’ve seen companies rush into acquisitions or partnerships only to be held back by poorly designed or outdated systems.
When I conduct software due diligence, I dig into the details, looking beyond the shiny interface to examine the underlying architecture, scalability, and security. Is the software fit for purpose? How does it integrate with your existing systems? Will it adapt to your future growth, or is it on the brink of obsolescence?
For example, I once worked with a client who was on the verge of purchasing a niche software solution to manage their operations. On paper, it looked perfect. But after a closer look, I discovered the platform hadn’t been updated in years. Its outdated architecture couldn’t support the company’s rapid growth. By identifying these issues early, we avoided a costly mistake.
Company Due Diligence
Buying or partnering with a company is a big decision, especially for SMEs. The last thing you want is to inherit problems you didn’t anticipate – be it financial instability, misaligned leadership, or hidden tech debt.
Company due diligence is more than just reviewing financials. I take a broader view, analysing the company’s culture, leadership, and tech infrastructure. This holistic approach reveals potential risks and opportunities you might not catch at first glance. It’s about understanding not only where the company is today but where it’s headed – and whether that aligns with your strategic goals.
I’ve helped businesses across Brisbane, Ipswich, and Toowoomba make smarter decisions by conducting thorough assessments. I recall a client who was looking to acquire a smaller tech firm. During the due diligence process, I uncovered serious gaps in their IT security practices, which would have posed major risks had the acquisition gone through without adjustments. We worked together to address these concerns, ultimately leading to a smoother transition.
A Practical, People-Focused Approach
No two businesses are alike. That’s why I approach each due diligence project with a focus on the specific needs of your business. Understanding how a new application or company fits within your broader ecosystem is key to making the right decision.
Remember, due diligence is about more than identifying risks. It’s about spotting opportunities to strengthen your position and build a more resilient business. Whether it’s software or a new company, my goal is to provide you with the clarity and confidence to move forward – knowing you’re making informed decisions.
Need help with due diligence? Let’s get it right the first time. Reach out today to discuss your next acquisition or software evaluation.