"We selected Softjourn based on their expertise, communication skills, and pricing, and our expectations were exceeded! Their code audit service gave our executive team confidence in the product that we built and provided validation on items that needed to be fixed. I'd absolutely recommend them to others."
2-Week Code Audit: Maximizing Valuation Before the Sale
Our code audit services uncovered a vital bottleneck, providing our client with the confidence to secure a successful deal.
ABOUT THE CLIENT:
SERVICES USED:
SERVICES USED:
The Challenge
Our client wanted to make sure their codebase was up to par before selling their platform. This way, there'd be no surprises at the negotiation table.
The Solution
We performed Java and PHP backend audits for our client, each taking just two weeks. We used code analysis tools and security scans, looking for any weaknesses in their code that might impact the negotiation process.
Results
Partnering with an audit expert helped the client:
- Discover costly bottlenecks and vulnerabilities
- Prioritize areas of improvement
- Reduce maintenance and support costs
- Enhance software performance
- Feel confident with their product before selling, while staying within budget and time frame
The Challenge
Our client is an end-to-end industrial commerce platform, formed in 2020 and headquartered in Austin, Texas. We began our partnership with them in 2023 when they contacted us upon discovering our code audit services.
In the world of business mergers and acquisitions, preparation is key. Just as a savvy business owner wouldn't enter a sales meeting without being well-prepared, a code audit is essential before selling a software product or company.
A source code audit provides a comprehensive assessment of a codebase's strengths and weaknesses, allowing sellers to highlight its merits and address any deficiencies before the sale.
In this case study, our client discovered the pivotal importance of expert code audits in maximizing valuation, attracting qualified buyers, and streamlining the sale process.
CEO of the company
The Problem
Our client, an end-to-end industrial commerce company wanting to sell their platform, approached us with a request. They wanted us to perform a code audit of their tech stack, to help them understand the general overview of their system, identify bottlenecks, and assess the strengths and weaknesses of their source code.
Their primary goal was to eliminate potential concerns and ensure there were no unexpected surprises during the negotiation phase of the sale. This proactive approach was aimed at justifying their desired selling price, reducing perceived risks for buyers, and making sure the transaction would be seamless.
The Solution
To meet our client's needs, we got right to work on a comprehensive code audit of their Java backend codebase. We completed this audit within two weeks, adhering to their budget constraints.
Prior to initiating the audit, we provided our client with a detailed template outlining the points we would cover within the given time frame. Since our client lacked unit tests, we performed the code audit using code analysis tools and security scans. Our goal was to ensure that our findings aligned with the client's expectations.
The first phase of the audit proved successful, with the client being highly satisfied with the results. This success prompted them to continue their partnership with us during the next phase: PHP code auditing. With a potential sale in the near future, it was imperative for them to use IT audit services to uncover weaknesses and vulnerabilities that might impact the negotiation process.
In the process of determining expenses for the PHP code audit, we leveraged the insights gained from the initial audit to guarantee the accuracy of our cost estimation. We always try to ensure that the final costs will be within a budget our client feels comfortable with, with no pricing surprises at the end of a project.
During the PHP audit, we identified a significant bottleneck related to security and access to sensitive data, a discovery that could have resulted in substantial financial repercussions for the client.
Although the PHP source code was in good condition, our audit revealed numerous areas for improvement, which the client appreciated. We prioritized critical findings while listing the remaining issues, providing a comprehensive assessment within the project's time and budget constraints.
The Benefits
1. Enhanced Software Performance
Our code audits identified critical issues and provided solutions to overcome bottlenecks. By following modern approaches and best practices, we contributed to the overall improvement of software performance.
2. Increased Development Team Efficiency
We provided audit deliverables, such as findings, recommendations for improvement, and a list of priorities aligned with the client's budget. This approach streamlined the development team's efforts and enhanced their efficiency.
3. Reduced Maintenance and Support Costs
Our source code audit exposed vulnerabilities and inefficiencies that, if left unaddressed, could have led to substantial maintenance and support costs. By proactively addressing these issues, the client was able to reduce potential long-term expenses.
4. Transparent Collaboration
Our commitment to transparency and open communication with the client fostered a partnership built on trust. We maintained clear channels of communication and responded promptly to inquiries, helping us build the foundation for an effective collaboration.
Conclusion
The client expressed their satisfaction with our IT audit services, acknowledging that we had met their expectations and provided valuable insights. After the positive experience working together, the client is considering a future collaboration with Softjourn, which could involve code audit services for their React (frontend) codebase.
Softjourn's approach to code audits offers a unique level of transparency and collaboration that sets us apart from other providers. We have a deep commitment to adding value and improving our client's applications, as we see our code audit service as not merely a transaction but a partnership aimed at maximizing valuation for our clients.
Considering selling or merging your business or software solution? Softjourn's proactive software and code audit services can help you uncover opportunities for improvement, reduce risks, and ultimately achieve a successful sale.
Partnership & Recognition
