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Technical due diligence.

Aka. Tech diligence · TDD · Technology due diligence

What is technical due diligence?

Technical due diligence — TDD or tech diligence — is the workstream that evaluates a target's technology and engineering: the architecture, the codebase, the infrastructure, the security posture, and the team that builds and runs it. It is most prominent in software, technology, and any deal where the product itself is the asset being bought.

Its central question is whether the technology can support the future the buyer is paying for. A product that works today but cannot scale, sits on aging infrastructure, or depends on a handful of irreplaceable engineers is a different asset than its revenue alone suggests.

TDD also quantifies the hidden cost of ownership: the technical debt, the security remediation, and the platform investment a new owner will have to fund — money that comes straight out of the returns the deal model assumes.

What technical diligence examines

TDD works across the product, the platform, and the people who build it.

  1. Architecture and scalability. Whether the system can handle the growth in the plan, and what it would take to scale it.
  2. Code quality and technical debt. The state of the codebase, the accumulated shortcuts, and the cost of paying them down.
  3. Security and compliance. Vulnerabilities, data handling, and whether the posture meets the standards the target's customers and regulators expect.
  4. Infrastructure and dependencies. Hosting, third-party dependencies, licensing, and single points of failure.
  5. Team and process. The depth of the engineering organization, key-person risk, and how the team ships — because the people are often the real asset.

Frequently asked.

4 questions
01 What's the difference between technical and commercial diligence?

Commercial diligence tests the market and customers — whether the demand exists. Technical diligence tests the product and the engineering — whether the technology can deliver against that demand and scale with it. In a software deal, both are essential and answer different halves of the same question.

02 When is technical due diligence necessary?

Whenever the technology is material to the value of the business — software, SaaS, platforms, and increasingly any company whose operations depend heavily on proprietary systems. For a business where technology is incidental, a light IT review may suffice instead of full TDD.

03 Who performs technical due diligence?

Specialist technical diligence firms or experienced engineering advisors, often supported by the buyer's own technical staff. It requires people who can read a codebase and an architecture diagram critically, which a typical financial deal team cannot do.

04 What is technical debt in the context of diligence?

Technical debt is the accumulated cost of shortcuts and deferred maintenance in a codebase and infrastructure — the work a new owner will eventually have to do to keep the product viable and scalable. TDD tries to quantify it because that cost competes directly with the investment the buyer planned to make in growth.

A target with deep technical debt may show healthy revenue today while quietly carrying a large bill that lands after close.

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