Bain & Company and Endava plc (NYSE “DAVA”) announce today the launch of an integrated IT due diligence product. In order to provide a strong mix of skills and building on their collaboration on digital transformations, Endava and Bain have extended their partnership into the private equity (PE) space.
Over the past year, Endava and Bain have provided IT due diligence services to global private equity funds. Endava brings a deep skill set in IT, digital, and next-gen technologies, which is complimented by Bain’s strong commercial and operational due diligence know-how, part of what makes Bain a leading advisor to PE investors.
With this extended and flexible IT due diligence offering, Endava and Bain now offer due diligence services across the three core areas the market needs today: a solid IT and core technology assessment, a future-back assessment of digital readiness and a robust assessment of the value-creation plan through the tech enablers.
Leveraging technology as a catalyst for value creation has become key in PE deals. Achieving this goal requires addressing a set of fundamental challenges including the impact of technology disruptions on the business, the competitive advantage of proprietary IT and digital capabilities and the scalability of technological assets to support growth.
Endava and Bain’s integrated IT due diligence offering has grown into a defined product set which has been well received by clients who recognize the value of a combined team that can integrate the deep technology insights developed by Endava into the broader investment thesis of the commercial due diligence.
“Private equity funds can gain access to significant expertise through our partnership based on their needs and I am delighted to head this effort for Endava,” said Jourik Migom, Global Senior Vice President of Strategy Acceleration at Endava.
“This product allows us to respond in a unique way to a growing need from many private equity funds: a deeply integrated proposition, combining Bain’s core skillset in commercial due diligence with Endava’s deep technical expertise,” said Roberto Fiorello, Director at Bain & Company.
This partnership fits well with Endava’s recent acquisition of Intuitus Limited (“Intuitus”), headquartered in Edinburgh, Scotland. Intuitus is a leading independent provider of technology and digital due diligence, and other technology advisory services to private equity clients. Endava will leverage Intuitus’ due diligence expertise and experienced staff to support the new platform.