Acquisitions · Due Diligence

I am looking for an IT due diligence check for acquisition of software/tech company.

John Hrzic Growth Marketer, Entrepreneur, Advisor, Seeking investor & partner/co-founder for SaaS project

October 15th, 2019

I sit on the board of advisors for a company that is considering acquiring a small blockchain company. I am looking for IT due diligence best practices to identify and confirm the technology.

Vairam Alagappan Product, Market & Biz builder

October 17th, 2019


  • Assess the current scale, performance & volume and find out what it requires to scale 10x
  • List the building block technologies, get the design of how do they work together, give it to it a penetration tester to hack into the system and the loop-holes in underlying technologies – make use of 3 testers and compare the results
  • Find out how the system how the system facilitates coordinated reversals, rollbacks, legal arbitration, and how it includes accountability of the participants to be fair in the game

Simon Ulrich CEO @ ReGov Technologies, International IT Leader, Organization & Team Builder, Geek

October 15th, 2019

I would start with the two question below to assess if they are a "proper" blockchain startup you like to get engaged with:


1. Does their customer massively benefit from blockchain being used as a solution?

There are a lot of companies out there using blockchain because it gives them a reason to do ICOs or because BC is "cool" not because using the tech actually makes it easier to solve their problem. There are a lot of very good reasons to not use blockchain (e.g. cost & resource consumption) for 95 %+ of use cases.


2. Do they use the right blockchain technology stack for their problem? Have they considered using existing platforms & frameworks? If not, why not?

I have seen a few business that "just wanted their own chain" and hence developed a new chain where they could have perfectly used Etherum or one of the Hyperledger Frameworks, wasting man-years of development time on basics instead of building features their customers want.


Once you clear these two to your satisfaction and have established you work with a serious and professional team I suggest you get help from an experienced business blockchain consultant to advise you on how to optimally structure the details of your due diligence work. If you have none in your current network let me know, sure I can help.

Austin James Software Product Designer and Strategist

October 16th, 2019

I‘m heavily involved in blockchain tokenomics -working begins the scenes with a wide variety of projects from dApps, privacy, colored, and collectible/gaming NFTs. Wouldn’t mind taking a quick look for free to help out. Do they have a github or technical white paper?

Gary you Finding the Million $ Blind Spot: Before It Finds You $ FREE tools @fiscaldoctor.com

Last updated on October 16th, 2019

Can share a M&A process checklist for a strategic overview. Thanking you in advance, Gary

Marcus Cortes Software Architect

October 15th, 2019

I don't feel comfortable doing that myself; however, I worked with someone in an investment technology company who I would recommend. We were responsible for financial technology in several blockchain-related areas. He is a security, networking, and IT expert, has a CISSP certification, and was the CTO of another technology company. He's one of the sharpest people I know, and I trust no one else when it comes to the hard questions in technology or business. I don't know whether he would be interested or have the time for this, but I can connect you if you want.

Frank Boatwright Cofounder and Chief Geek @ PT. DNA a Security First, Second and Third company for Indonesia.

October 17th, 2019

Are you trying to verify the companies, at which level. The tech they create is only as good as the tools, procedures and people. Recommend you start at the bottom verify that they have at least OWASP (secure coding practices) and an environment running in with the CyberSecurity Framework (NIST CSF). IF either of these two areas are missing you will have a large uplift cost of technical debt you will have to pay for to get the company secure to lead to international compliance for deployment of a blockchain technology. Good luck

Jens Finkhaeuser Techhead and entrepreneur.

Last updated on October 18th, 2019

I do due diligence work. Blockchain is also an area I have experience with, plus cybersecurity in general. You can contact me at jens@finkhaeuser.de if you'd like.

Fred Cohen We help grow companies

October 15th, 2019

We do this. I have led teams that do this sort of thing for many years, and have done the cyber security components of DD for many early stage companies - for this space you certainly need the cyber-security aspects. Get in touch with me directly at fc@manalyt.com

Douglas Moeller CEO of InsuraBit -Seeking co founders

October 15th, 2019

Most things don't need a blockchain. database works for most for what they want to use a blockchain for. be careful of this.

Michael DeKort CoFounder-CTO - Autonomous Vehicle Scenarios/Simulation - Aerospace/DoD/FAA

October 15th, 2019

If you have not already please consider a cybersecurity audit. That is the big weakness given it is a high value target, that it is software and most organizations literally avoid most cybersecurity best practices. Including PAM and IAM. Ironic how blockchain is supposed to be so safe but hacking and stealing the data not so much.