Due Diligence Questions Information Technology
About this form
The Due Diligence Questions Information Technology form is a comprehensive document designed to gather specific information about a company's IT infrastructure during business transactions. This form differs from other due diligence templates by focusing exclusively on technology-related aspects, ensuring that all critical IT components are thoroughly examined. It helps in identifying the status of IT personnel, systems, equipment, and procedures, making it essential for businesses contemplating mergers, acquisitions, or sales in the tech domain.
Main sections of this form
- IT Model: Describe facility structure and corporate network integration.
- IT Personnel: Detail number of staff, their responsibilities, and reporting hierarchy.
- Phone/V voicemail Systems: List phone systems, assets, and service providers.
- E-mail: Specify email systems, domain names, and account structures.
- LAN/WAN: Outline local and wide-area network equipment and protocols.
- Internet Access: Identify internet providers and associated costs.
- Software: Discuss software packages used across the enterprise.
- Remote Access: Indicate employees with remote capabilities and relevant software.
Situations where this form applies
This form is necessary during the due diligence phase of business transactions, particularly when assessing a companyâs technology assets. It is ideal for mergers, acquisitions, or divestitures where understanding the IT infrastructure is crucial. This ensures that potential buyers or partners are fully informed of the technological resources and dependencies of the business they are engaging with.
Intended users of this form
- Business owners conducting mergers or acquisitions.
- Investors evaluating the technological assets of a potential investment.
- IT professionals involved in the assessment of corporate IT systems.
- Legal professionals tasked with ensuring compliance and due diligence standards are met.
How to complete this form
- Begin by identifying the facility's IT model and how it integrates with the corporate network.
- List all IT personnel, including their job titles and responsibilities, to provide a clear overview of staffing.
- Document the phone and voicemail systems, including equipment details and service providers.
- Provide a comprehensive overview of the email system used, including the number of accounts and their structure.
- Complete the sections on LAN/WAN, software, and remote access to give a full picture of the IT environment.
Does this document require notarization?
This form does not typically require notarization to be legally valid. However, some jurisdictions or document types may still require it. US Legal Forms provides secure online notarization powered by Notarize, available 24/7 for added convenience.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes to avoid
- Failing to gather complete information on all IT personnel.
- Neglecting to document network protocols or diagrams for LAN/WAN.
- Inaccurately reporting the number of email accounts or users.
- Omitting capabilities of remote access for employees.
Why complete this form online
- Convenient access to the form at any time from any location.
- Easy editing of the form to customize it for specific situations.
- Reliable information gathering with a structured format.
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FAQ
Company information. Who owns the company? Finances. Where are the company's quarterly and annual financial statements from the past several years? Products and services. What are the company's current and future products and services? Customers. Technology assets. IP assets. Physical assets. Legal issues.
Reviewing and auditing financial statements. Scrutinizing projections for future performance. Analyzing the consumer market. Seeking operating redundancies that can be eliminated. Reviewing potential or ongoing litigation. Reviewing antitrust considerations.
A due diligence questionnaire (often dubbed a DDQ) is a list of frequently asked questions during a M&A transaction or investing. These questions are broken down into categories and work to provide key information to the buyer.
Project due diligence is a risk management process designed to enable you to decide if you should proceed with a project and, if so, how to do so in a way that enables you to manage the social, economic and environmental risks.
Due diligence is defined as an investigation of a potential investment (such as a stock) or product to confirm all facts. These facts can include such items as reviewing all financial records, past company performance, plus anything else deemed material.
A due diligence checklist is an organized way to analyze a company that you are acquiring through sale, merger, or another method. By following this checklist, you can learn about a company's assets, liabilities, contracts, benefits, and potential problems.
Technical due diligence is the process of analyzing and evaluating the technology, product, architecture and processes in an organization prior to the acquisition of a company or an investment in it.
Due diligence is an investigation, audit, or review performed to confirm facts or details of a matter under consideration. In the financial world, due diligence requires an examination of financial records before entering into a proposed transaction with another party.
