Commercially focused technology due diligence for M&A.
We uncover hidden technology risks that could affect value, scalability, cost, delivery confidence or deal certainty.
Technology risk is no longer just a software problem.
From SaaS platforms with scaling, delivery and technical debt challenges to tech-enabled businesses running on proprietary systems, legacy workflows and key-person knowledge, technology risk can sit anywhere value depends on systems working properly.
LumenStrata identifies where that risk lives, what it could cost, and whether it matters to the deal.
When We Help.
LumenStrata supports investors, advisers and operators at the moments where technology risk can affect confidence, value or execution.
Buy-Side Technology Due Diligence
Help investors understand technology risk across the key areas that could affect valuation, scalability, cost, integration or deal confidence.
Learn moreVendor Technology Due Diligence
Prepare a software or tech-enabled business for technology due diligence as part of a planned sale process.
Learn moreTechnical Exit Readiness
Help founders considering a future sale identify and address technology risks that could weaken buyer confidence or reduce valuation.
Learn moreStrategic Technology Oversight
Provide expert technology leadership and strategic oversight before, during or after a transaction.
Learn moreWhat We Assess.
We assess the full technology picture, from platform scalability and code health to security, IP, governance and AI defensibility.
- 01
Platform & Scalability
Can the platform support the growth plan without avoidable cost, fragility, or delay?
- 02
Codebase & Technical Debt
Can the product be maintained, changed, and extended without disproportionate risk?
- 03
Engineering Capability & Delivery
Can the team reliably execute the roadmap and sustain the product post-deal?
- 04
Security, Resilience & Governance
Is the business protected, recoverable, and governed well enough for its next stage?
- 05
Ownership, IP & External Dependencies
Does the company truly own and control the technology it depends on?
- 06
AI Defensibility
Is the product still defensible as AI lowers the cost of building and competing?
Assessing Risk at Every Layer.
Most technology risk is not found by reviewing code alone. LumenStrata looks across the full operating model behind the technology - the platform, people, process, ownership, delivery capability and dependencies that affect deal outcomes.
Commercial Judgement
We assess technology in the context of the investment thesis, not technical perfection.
Operator Perspective
Our work is led by experienced technology operators who understand real systems, teams and trade-offs.
Beyond the Codebase
We look at people, process, ownership, delivery capability, operational dependency and key-person risk.
Clear Reporting
Technical complexity is translated into concise, commercially relevant insight that supports confident decision-making.
Hidden technology risks in non-tech acquisitions.
Many lower mid-market businesses rely on internal systems, workflows, integrations and key people that rarely appear clearly in the CIM - but can materially affect value, scalability and post-acquisition cost.
A practical guide for investors and advisers assessing technology risk outside traditional software companies.
Need Technical Clarity on a Transaction?
Discuss the transaction, the technology context, and where LumenStrata can support deal confidence.
Book a call