At Andeavour, we take a thorough and rigorous approach to technology due diligence, ensuring that we leave no stone unturned in our assessment of a company’s technological capabilities and potential. Here are the seven critical steps that we follow in every technology due diligence project:
We begin by collecting and analyzing a wide range of data from various sources, including financial statements, business plans, market research, and more. This helps us to gain a comprehensive understanding of the company’s current state and future prospects.
Next, we conduct a thorough assessment of the company’s technology, including its hardware, software, and infrastructure architectures. We look at factors such as the scalability, reliability, and security of the technology, as well as its alignment with the company’s business objectives.
In this step, we review the company’s approaches to cloud, data, and edge technologies, including their strategies and implementation. We assess whether these technologies are aligned with the company’s business objectives and whether they are being used effectively.
We also conduct a thorough review of the company’s security controls and strategies to assess their effectiveness in protecting the company’s assets. This includes an evaluation of the company’s cybersecurity measures, as well as its approach to data protection and privacy.
We also review the company’s intellectual property portfolio, including patents, trademarks, and copyrights, to assess the value and potential impact of these assets on the company’s future growth.
In addition to reviewing the company’s technology, we also assess the strength of its management team and organizational structure. This includes an evaluation of the team’s technical expertise, leadership skills, and ability to execute on the company’s strategic vision.
Finally, we provide a comprehensive report detailing our findings and recommendations for the company’s future growth. This report serves as a valuable resource for investors and company management as they consider their next steps.