Insights
Notes from the field.
Short, opinionated writing on technical due diligence and the companies we look at. Case studies are anonymised.
Article
12 April 2026
What PE buyers actually need from a TDD report
After a hundred deals you stop writing for the seller. You write for the partner who has six minutes before the IC.
Article
3 March 2026
The quiet cost of cybersecurity debt in mid-market software
It rarely shows up in the financials, but cybersecurity debt is one of the most consistent value-leakage risks we see in mid-market diligence.
Article
21 January 2026
Engineering org design for industrial companies going software-first
The biggest blocker to digital transformation in industrials is not technology choice. It is how the engineering organisation is structured.
Case study
14 February 2026
Confirmatory TDD on a Nordic SaaS bolt-on (anonymised)
A €60M revenue SaaS bolt-on with strong ARR growth — and a quietly worrying technical foundation. We sized the cost of fixing it before close.
Case study
8 November 2025
Platform consolidation review for a European industrial group
Six business units, five overlapping platforms, and a board paper that did not survive contact with our review.