Preparing for tech due diligence
November 24, 2022
Crosslake CEO Barr Blanton shares insights into preparing for technical due diligence as both a buyer and a seller.
Tools to accelerate insights into software quality, software security and company security.
With in-house penetration testers and seasoned security professionals, our team thinks like hackers to seek out risks and vulnerabilities across your business. We employ industry-leading code scanning, pen testing and assessment tools to search for code quality issues, scan for open-source software risks and discover where your company’s data or IP is compromised on the dark web.
In just a few days, you receive the objective data you need to satisfy annual security certification and cyberinsurance requirements or to populate a data room. In addition, a Crosslake security practitioner analyzes the findings and interprets the results, providing valuable insights that consider the context of the industry, growth stage and investment strategy.
Sanity check for red flags early in a process
Pre-LOI technical review to quickly assess risk and opportunity within a highly competitive process
A light approach when the target’s team is small or time with the team is extremely limited
In-depth assessment across multiple areas of the tech landscape for critical platform plays
Focused diligence on IT, security or product to complement the capabilities of an in-house diligence team
A customized deep dive into specific areas of the target’s business to better understand capabilities in AI/ML, IoT, security, data architecture and other topics from 20 available tracks
Whether your primary focus is software quality, company security or software security, our security practitioners can recommend appropriate scans, assessments and pen tests to provide you the most comprehensive view of risk exposure. By running multiple tools in parallel, you’ll avoid the hassle and expense of managing each assessment independently and will receive expert interpretation of the results. We’ve found this multidimensional approach delivers the most valuable insights around common concerns of mid-market businesses.
This FinTech company was unable to provide an accurate open-source code inventory, due to high turnover, outsourced development and code sprawl from early product pivots.
An open-source scan during diligence identified areas of intellectual property risk. To remediate, Crosslake recommended replacing CopyLeft licensed libraries, installing software updates to address publicly-known security vulnerabilities and updating out-of-date libraries to reduce operational risks.
The company first performed critical development work to replace functionality and improve application security against known vulnerabilities. Next, they implemented new processes and tools to ensure code hygiene is automatic with each release.
Crosslake CEO Barr Blanton shares insights into preparing for technical due diligence as both a buyer and a seller.
Technical due diligence is an essential component of the M&A lifecycle for most businesses today. But what exactly are private equity firms, investment banks and
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