Evaluating a high-growth BOAT platform — and securing
deal velocity within a highly competitive bidding process

A prominent private equity investor sought to acquire a stake in a leading European IT solutions provider specializing in low-code process automation. We delivered a comprehensive technical and product evaluation to validate the target’s software capabilities, model its AI roadmap, and give the deal team an objective basis for their investment decision.

Client Profile

A premier middle-market private equity firm leveraging deep operational heritage

The client is a prominent multi-strategy private equity firm that operates across the North American and European middle-market, targeting enterprises with values between $75 million and $750 million. The firm differentiates itself by leveraging a unique strategic association with a preeminent global operational consulting group. This relationship allows them to provide deep operational expertise to their portfolio companies across business services, healthcare, industrials, and consumer sectors.

With a significant track record of investing in over 170 companies across its platforms, the firm focuses on driving enterprise value through sustainable expansion. Their portfolio includes major global brands, reflecting a proven ability to scale businesses through organic growth and strategic add-on acquisitions.

The Situation

A highly selective software group seeking a strategic partner for AI expansion

The target is a leading European IT solutions provider operating two distinct companies: a custom software development and IT consulting specialist, and an intelligent low-code automation platform vendor. Together, they employ 420 people across multiple international locations, generating strong double-digit year-over-year revenue growth. The group serves critical sectors including financial services, life sciences, manufacturing, and government, and is actively seeking a financial partner to accelerate its next-generation AI features.

Because of the target’s exceptional financial health, management and shareholders find themselves in a highly advantageous position, receiving formal interest from numerous potential buyers. They require a future financial partner who thoroughly understands their technical vision, respects their operational culture, and delivers honest, transparent communication. To secure the deal, the investor needed an independent assessment of the target’s Business Orchestration and Automation Technologies (BOAT) product against the fast-moving landscape of artificial intelligence.

“Our Product will support the rise of the Citizen-developer. A moment in time where people will no longer need to be engineers, to build enterprise-grade applications.”

Our Approach

Three phases, one accountable owner

We structured a deep-dive technical diagnostic to evaluate product capabilities and assess operational readiness for advanced automation features.

01
Technical Portfolio & Cloud Audit — We analyzed the target's deep technology assets, data engineering pipelines, and cloud strategies across AWS and Azure environments. This evaluation verified architectural stability and mitigated risks associated with scaling custom software across multiple international locations.
02
Operating Model & AI Readiness Review — We audited the group's software development lifecycle and organizational structures to evaluate their capacity to deploy next-generation AI capabilities. This phase mapped how the core platform would evolve to support next-generation automated workflows.
03
36-Month Strategic Roadmap & Investment Modeling — We collaborated with leadership to build a tangible three-year execution plan and detailed investment model. This plan precisely defined the software modifications and organizational changes required to achieve their commercial ambitions safely.
Outcomes at a glance

What changed and how we measured it

Our six-week engagement delivered a comprehensive technical and product roadmap that verified the feasibility of the proposed business plan.

Clarification

Technology Value: Established a clear distinction regarding the current and future value delivered by each product layer across diverse user personas, from business analysts to infrastructure operators.

Blueprint

Pragmatic AI Integration: Designed a structured strategic roadmap that outlines the realistic incorporation of advanced AI capabilities within their core business process management software.

New TOM

Process-Driven Operating Model: Proposed a revised Technology Operating Model (TOM) and agile methodology to transform the engineering team into a highly unified, transformative development organization.

The trust payoff & deliverable

We delivered an exhaustive technical due diligence report that combined code maturity, data engineering capabilities, and architectural risk analysis with a clear cost-containment model. This objective analysis precisely mapped required investments, honoring the target company’s request for honest, real-talk communication while satisfying the investor’s strict compliance criteria.

By clarifying the target’s unique software assets and detailing the exact organizational shifts required to scale, we established absolute transparency between the buying team and the founders. Armed with this definitive, trust-building roadmap, the investor successfully navigated the internal investment committee and confidently moved forward in a highly competitive transaction environment.

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