Acquisitions
M&A Technical Due Diligence
We help private equity firms and acquiring companies audit the “Security Debt” of a target .NET platform before they buy it.
Why Security Due Diligence
Technical debt is expected in any acquisition. Security debt is different: it represents hidden liability that can derail integration timelines, trigger compliance failures, or expose the acquiring entity to breach risk:
- Undisclosed Vulnerabilities: Critical flaws that aren't visible in standard code reviews
- Compliance Gaps: Missing controls that will require significant investment to remediate
- Architecture Risks: Fundamental design decisions that are expensive to change
- Identity Debt: Outdated authentication patterns that don't meet modern security standards
What We Assess
Our due diligence focuses on the areas that matter most for .NET platforms:
- Identity Architecture: Authentication flows, session management, and access control design
- Data Protection: Encryption at rest and in transit, key management practices
- Compliance Posture: Current state against SOC2, HIPAA, GDPR, or industry requirements
- Dependency Risk: Vulnerable packages, outdated frameworks, end-of-life components
- Secret Management: How credentials and API keys are stored and rotated
- Audit Trail Integrity: Whether logs can be trusted for forensic purposes
What You Receive
Our deliverables are designed for deal teams and technical leadership:
- Executive Summary: Risk overview suitable for investment committee presentation
- Security Debt Inventory: Itemized list of issues with remediation cost estimates
- Integration Risk Assessment: Security considerations for post-acquisition integration
- Remediation Roadmap: Prioritized plan for addressing critical issues
- Deal Term Recommendations: Suggested representations, warranties, or escrow provisions
Timeline & Process
We understand deal timelines. Our standard due diligence engagement:
- Kickoff: Scope definition and data room access
- Assessment: Code review, architecture analysis, and interviews
- Preliminary Findings: Early warning of any deal-critical issues
- Final Report: Comprehensive deliverables for deal team