Announcing Cloudd
As dealmakers for multiple decades, it’s perhaps surprising to find that whilst the world around M&A has changed markedly over the last twenty years, the process of doing deals and in particular due diligence actually has not.
Emails, Excel files, Word files, PDF are the currency of due diligence. With all parties typically cascading a blizzard of partially complete documents all the way through until completion. At any point in time, neither party (which could involve dozens of people) has a correct LIVE view of where each document and stage of diligence is up to. This leaves the buyer perpetually in the dark, waiting for news and the seller unclear on whether light is at the end of the tunnel or whether that is an oncoming train of further information requests?
Entrepreneurs and problem solvers, we grew tired of using the same old tools in the same ways, hearing and observing the same points of friction for business owners and every deal surfing a wave ready to break as deal fatigue sets in, jeopardising everyone’s best effort. So we did something about it…
Announcing Cloudd – the software which
- Makes diligence quicker, simpler and more transparent
- Removes the need for the use of any email
- Automates a simple level of diligence reporting
- 24/7 asynchronous working so everyone knows progress, anywhere, anytime
Initially the software started as our solution for our deals, but as we work with sellers, advisors around the country, it’s clear there is a product here that would transform the diligence and dealmaking industry, so we decided to share it with the world. Go check us out at Cloudd.co.uk
