EAG 1Source provides exceptional IT due diligence services for companies seeking to improve the performance of their systems and prepare for mergers and acquisitions.
Since 2003, EAG 1 Source and our parent company, EAG Services, have served upstream and midstream companies across the oil and gas industry.
We have become a recognized leader in providing award-winning IT outsourcing and back office services that improve processes and deliver savings.
IT due diligence is typically defined as the process by which a company examines the effectiveness, capability, and scalability of a technology stack, whether for one’s own use or that of a client company. It is an exercise in digital risk assessment that looks specifically for places where a company’s technology could fail before it breaks, which will cost time, money, and effort to repair.
We investigate the physical and virtual hardware that powers the technology used by the company. It’s essential that we understand how the infrastructure has been set up and how people use it in real-world situations.
Once we determine the condition of a company’s IT skeleton, we study the status of its organs – otherwise known as the databases and applications people actually use to do their work. A company could have the best systems and applications on the market, but if they aren’t optimally aligned, they’re just wasting money.
Think of these as the connective tissues and tendons for a company’s IT setup. The vendors hired to help a company make sense of its IT stack must be able to work together and communicate with the parent company. If not, the operations will be clunky, frustrating, and prone to failure.
Finally, we come to the company that hired us to perform our IT due diligence services – the brains of the operation. We review the management styles and corporate culture to determine whether or not the technology we’ve just investigated is a good match for how the actual people at the company operate.
In essence, IT due diligence looks for what’s wrong with your current technology operations and then provides solutions to address those areas of concern.
There are two basic scenarios when EAG 1Source will analyze a company’s IT situation:
Whether you’re preparing to combine with another company or you want to make substantial improvements into your current capacity, our IT professionals stand ready to evaluate your capabilities and areas of concern so your systems and business can reach their full potential.
Whether a company is looking to buy a smaller one, or preparing to be acquired by a larger one, it’s essential that the technologies between companies are compatible. This assessment should be made before the purchase occurs so we can identify the possible breakages that need to be addressed before any combination of tech stacks occurs. Doing so after any merger or acquisition will only create stress and undue expense to fix the problems.
In our estimation, this is the true definition of IT due diligence – your company simply wants to get better, so it needs the expertise of trusted consultants to help them see where, when, and how those improvements should occur.