Get in touch
555-555-5555
mymail@mailservice.com

Helping Investors Make Data-Driven Decisions with Technical Due Diligence

Jun 15, 2022

Startup investing is a risky business, particularly for family offices and angel investors who may lack the resources of institutional investors. For every Theranos in the headlines, there are thousands of smaller deals that also go terribly wrong. The valuations might be less, but the impact is just as severe to the investors involved.


Smart investments in technology startups demand technical due diligence, regardless of the investment size. Some investors try to mitigate risks by making many smaller investments. While diversification is a good way to manage risk, it doesn't overcome inherently flawed or limited technical approaches.


With our technical due diligence reports, we help investors fully understand what they are buying—before they buy it.


"All investments are important. Many angel investors and family offices are savvy with financials and the market sector, but then they put faith in the technology," explained Roper COO, Dana De Coster. "Confusing a startup's confidence with competence is foolhardy when it comes to technology and engineering. They may not know what they don't know. They may not be aware of the challenges and limitations of their technical approach."


"The smart investor decision is to set aside a small fraction of an investment amount for technical due diligence," continued Dana. "We can quickly and effectively mitigate risk with a Roper Technical Due Diligence Report. This empowers the investor to build a high-quality portfolio where all their companies have a sound technical approach and radically improve their financial outcomes."


At Roper, we understand that family offices and angel investors are creating a personal legacy to provide for their families, now and in the future. Helping people grow an investment portfolio with a strong technical foundation is something we are truly passionate about.


Our deep expertise in building and applying automation, sensors, robotics, artificial intelligence, machine learning and camera vision is essential given the high level of investor interest in these valuable and important technologies. It is rewarding to know that our expertise will help people make smart, evidence-based decisions for themselves and their loved ones.


What to expect with a Roper Technical Due Diligence Report.


Our technical due diligence assesses five key areas: Fit, Team, Documentation, Operational, and Intellectual Property. We provide a final written report with a letter score—A, B, C, D or F—for each assessment area. This empowers the investor to make an informed decision based on their own appetite for risk. We adhere to strict confidentiality for all our clients and assessed companies, and respect individual choices to withhold detailed technical information.


1. Fit Assessment. Is the technical approach a good way to provide the company's product or service? How mature is the technology and how does it stack up against competing technologies? What are the strengths, weaknesses, opportunities, and threats (SWOT) to the technical approach? Fit Assessment includes assessment of technology research, development, testing and evaluation that the target company has conducted.


2. Team Assessment. Is the team well-suited for the technology that they are working on? Do they have the necessary skills and vision to execute their plan? How have they responded to criticism and setbacks in the past? Will they be able to overcome inevitable challenges and setbacks in the future?


3. Documentation Assessment. This includes plans, roadmaps, designs, and baselines. How are requirements being managed, verified, validated, and tested? Does the documentation support building product at scale to a defined and controlled specification? What processes are in place for quality assurance, quality control and configuration management? Are interfaces and integrations identified and properly managed? Does the technology roadmap fit with the product roadmap and financial roadmap?


4. Operational Assessment. What does workflow look like? How are decisions made, documented, and controlled? Is there resiliency in decision-making or are there critical points of failure? Are teams productive and motivated?


5. Intellectual Property Assessment. Do patented or copyrighted materials reflect the actual product being built or service provided? Does their intellectual property support diversification into other products or services? Does their IP have the potential to revolutionize a market sector? Is the target company taking a layered approach to protecting their intellectual property? 
 

Technical due diligence isn’t just important for investors looking to build lasting wealth. An honest and expert third-party assessment is very helpful to the target company. “Our feedback can be critical to a target company's success,” explained Dana. “We want everyone to succeed.”


Interested in learning how Roper can help you invest wisely? Give us a call or send us an email today to get started. The process doesn’t take long and it is an essential step to making sound investment decisions and building lasting wealth and legacy.

Maeve Garigan & Dana De Coster with Big Cypress Fire and Aviation Team, Chris Richards & Shawn Shook
07 Nov, 2023
Our team of technical experts recently delivered another win by completing the first consensus standard for National Park Service (NPS) Swamp Buggies. Swamp Buggies are off-road utility vehicles designed to operate in swamp terrain to support critical missions such as wildland firefighting, wildlife management, law enforcement, and Park maintenance. "It was a real pleasure working with the NPS team out of Big Cypress National Preserve , " said Roper CEO Maeve Garigan. "With only one site visit and a handful of online meetings, we developed a comprehensive requirements document to refresh and sustain the NPS Swamp Buggy Fleet. The team in Big Cypress do important work to preserve the land, protect endangered wildlife like the Florida panther, and protect local communities from wildfires. It is an honor to support the team and their mission set." Big Cypress National Preserve has one of the most active fire management programs in the NPS, involving controlled prescribed fires and response to brush fires started by frequent lighting strikes. Fire is an essential component of the Big Cypress ecosystem that renews habitat and promotes ecological diversity, however it also can endanger local communities. Swamp Buggies are an essential tool for firefighting, and carry personnel, water tanks, and firefighting gear to remote locations that are inaccessible by other means. "The Roper team has a real depth of expertise in both requirements development and government contracting. This made the project go smoothly and set us up for success," explained Chris Richards, Fire Operations Specialist and primary point-of-contact for the NPS team at Big Cypress National Preserve. "They are true professionals: thoughtful, efficient, well-informed, and easy to work with. We are very happy with the result." Requirements development is a crucial phase in the system lifecycle. It involves identifying, documenting, and analyzing the needs and expectations of stakeholders to define what a system should do, which requires continuous communication and collaboration to ensure that desired goals and objectives are met. This is particularly important for complex systems like Swamp Buggies that provide mission critical support in high stakes situations. In this project, Roper developed and delivered a Systems Requirements Document (SRD) for Swamp Buggies to provide a basis for future contracting actions. This SRD will enable NPS to procure and sustain a Swamp Buggy Fleet that meets mission needs and current standards for quality, safety, and performance. All system requirements conformed to the following criteria: Traceable to NPS mission requirements. Individually quantifiable, verifiable, and testable. Consistent with current technology and standards. Acceptable to NPS technical team and key stakeholders. Compliant with applicable local, state, and federal laws and regulations. Our team is ready to support your needs for requirements development and documentation. From weapons and mobility systems, to sensors and software, our deep technical and process expertise serves private sector and Government clients alike. Our tailored support will deliver the results you want. Call or email us today to learn how our targeted and precise approach will set you up for success.
Navy SEAL Special Operations Elite Team Building and Leadership
30 Sep, 2022
"Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it's the only thing that ever has." – Margaret Mead Teamwork is fundamental to achieving and excelling, whether on the gridiron, in the lab, or on the battlefield. All human progress and success is rooted in collaboration. "There is no such thing as a self-made person," explained Roper CEO Maeve Garigan . "No matter how smart or capable you are, you will never realize your full potential without the help of others. Harnessing the power of elite teams has been foundational to our success as a company. We share that knowledge with our clients so they can achieve and excel, no matter the endeavor or challenge." Developing and maintaining elite teams is in Roper's DNA, with both founders, CEO Maeve Garigan and COO Dana De Coster having spent their prior careers leading diverse, multi-disciplinary teams to solve tough problems. While Maeve focused on technology development and engineering, Dana's focus was on military operations, starting in combat as a junior Navy SEAL officer and working his way to running Naval Special Warfare training as a Navy SEAL Commander. "Building and leading teams was core to my work as a Navy SEAL. There was no daylight between us. Our very survival depended on how good our team was," recalled Dana. "Creating high-performing teams isn't easy, so we've broken down the fundamentals into our Five Pillars of Elite Teams," he continued. "We work with our clients to apply the Pillars to their unique situation and goals. Change can be stressful, but a healthy level of stress is necessary for strength and growth. Helping our clients implement change and achieve lasting success is both deeply rewarding and inspirational." Read on to learn more about the Five Pillars – our proven approach to building teams that delivers real results. 1. Selection. Selecting the right people is key. We work with our clients to develop a skills and attributes profile for each spot on their team. One important trait is a "winner's mentality" – deriving satisfaction from the team's success. 2. Mission Mindset. Developing and promulgating a clear and compelling vision is critical to team leadership. This shared vision ensures that everyone is engaged, understands their role on the team, and understands that everyone on the team is essential to the mission – otherwise they would not be there. 3. Mutual Trust. Creating an environment of mutual respect and trust is necessary to the mission mindset. It creates a powerful connection to shared vision, which in turn reinforces each team member's commitment to the team. 4. 360 Feedback. Feedback shouldn't just come from the coach or team leader. Feedback from teammates is often the most powerful and gets at the root of problems. 5. Be Relentless. Elite teammates are resilient and relentless. They believe they can find a way and so they will. Being relentless creates stress, which pushes the team progress and achieve. Zero stress is a sign that mediocrity is creeping in, however too much stress creates burnout. Strong leadership and open communication is key to maintaining a healthy level of stress. Want to apply the Five Pillars to your organization? Call or email us today to learn how our targeted and precise approach will help you and your team succeed.
Roper CEO Maeve Garigan with Navy SEALs test driving all-terrain vehicles in the Mojave Desert.
22 Aug, 2022
Moving people and equipment to the right place at the right time is critical to mission effectiveness. Whether for law enforcement, wildland firefighting, off-grid workers, or military operations, reliable and innovative off-road vehicles that can traverse varied terrain and survive extreme driving are a must-have. Our team of technical experts and engineers possess years of experience in establishing design requirements and performance standards for vehicles. After conducting mission analysis and developing technical documentation, our team then works closely with clients to ensure they procure the vehicle that best fits their unique needs. This is achieved by applying our expertise in contracting strategy, modification of Commercial Off-the-Shelf (COTS) equipment, testing, evaluation, operator training, production, vehicle maintenance, and life cycle sustainment. "Taking a tailored and comprehensive approach is key. Our team is expert at navigating trade-offs between cost, performance and schedule while ensuring that the end-user gets a mobility capability that fits their mission and gets the job done right," explained Roper CEO Maeve Garigan . "The importance of ground mobility can be overlooked in today's high-tech era," she continued. "But getting the right people and equipment to the right place at the right time is critical. It may seem basic, but mastering the basics is key to success." Below is a selection of projects that showcase our team’s exceptional qualifications and expertise related to ground vehicles. Each of these projects were rapid acquisition efforts that maximized COTS equipment to speed up the procurement process while reducing cost and technical risk.
26 Jun, 2022
An organization’s success comes from its people and building a high-achieving workforce is a challenging and complex task. The right people have to be identified and selected, and then organized, developed, and motivated. “There is an art to organizational leadership,” explained Roper COO, Dana De Coster , “and there is a process. If you can’t attract, select, and organize the right people then it doesn’t matter how inspirational or visionary a leader might be.” Few people understand the importance and process of building a high-achieving workforce as well as Dana. A recently retired Navy SEAL Commander, Dana grew up in the SEAL Teams, with the complexity and challenges of leadership increasing as he rose in rank and responsibility. “On the battlefield, you constantly innovate because the adversary is always evolving,” continued Dana. “We quickly built strong, cohesive teams that operated with maximum efficiency and precision. This was something we could do in a straightforward manner since we all had the shared experience and common bond of being SEALs and because there are only 16 of us in a platoon.” As his career progressed, Dana rose to overseeing operations at three separate major commands. “At each command I spearheaded critical modernization efforts, from a complete overhaul of SEAL Officer assessment and selection, to functionally realigning my own 76-person operations department, to preparing two separate commands for the integration of women Special Operators. Each of these transformational changes required leading, motivating, and organizing a diverse workforce of military, government civilian, and contractor personnel with different skill sets, backgrounds, and affiliations.” These transformational changes were necessary for mission success yet also threatened to be extremely disruptive. “Most people do not like change,” explained Dana, “so they have to be confident that their leadership team will make necessary changes while remaining steady, thoughtful, and people-focused. We ensured that managers earned their people's trust, that each person knew they would be seen, heard, and respected as a team member.” These mission-critical efforts also required careful assessment, analysis, and process improvements to build, organize, and develop a diverse workforce prepared to overcome emergent challenges. “The key was right-sizing the workforce and creating a sense of individual purpose to the shared mission,” continued Dana. “We take a step-wise approach to execute our strategy for human capital management. First, we assess how we manage our workforce—our human capital. This is an assessment of our current workforce capacity and capability mix, and our processes for how we recruit, screen, select, onboard, develop, and backfill. The second step is to assess our workforce requirements as determined by our current and future mission. We crosswalk our workforce capacity and capability assessment with our mission requirements to show traceability and identify any gaps. The third step is to roadmap an executable plan of action to overcome identified gaps and thoughtfully address any inefficiencies in our workforce.” Each of these transformations resulted in an organization that was optimized, right-sized, and motivated. “Not only did our process ensure that we had the right people in the right roles to get the job done, it communicated to every single person in this large organization that they were there for an important reason,” said Dana. “This is critical for effective leadership and management. Each person knows they are a necessary part of mission success. They understand how they fit in, and they appreciate the contributions of other team members.” “This makes organizational transformation a source of inspiration and motivation, instead of being a source of fear and uncertainty. We made change a positive thing despite very challenging circumstances. I am incredibly proud of that.” This powerful approach to human capital management is also how Roper successfully manages organizational growth and change. “We are guided by core values of integrity, teamwork, and the constant pursuit of excellence,” explained Dana. “The work we do is very difficult. Everyone at Roper knows that they are on the team because they are essential to accomplishing our mission and goals. This strong culture is foundational to our success and is a direct result of our human capital strategy.”
unattended low swap smart sensors ai enabled data edge analysis extraction
29 May, 2022
By processing data quickly, Roper's smart sensors deliver critical information to the right people at the right time so they can make important decisions.
c4i operator special operations innovation engineering isr tactical edge
27 May, 2022
TALOS was launched in 2013 with the aim of developing an armored suit with full-body ballistics protection and integrated Visual Augmentation System (VAS) and integrated sensor and radio feeds. The project was retired in 2019. While the suit was not fielded, there were a number of important spin-off technologies that TALOS was a test bed for.
Robotics Drone Unmanned System Expert Engineering Military Technology
24 May, 2022
We are delighted to announce that Roper has been awarded a services contract for robotics, communications, and ground support equipment design and engineering through Montana State University MilTech. This highly competitive award was made after careful assessment of our past performance and qualifications related to communications and radio frequency (RF) design, engineering, and manufacturing for robotics and unmanned systems. "We are very excited for these next steps," said Roper CEO Maeve Garigan. "We thrive on solving tough problems and building solutions efficiently and effectively. Our team has decades of experience in robotics and unmanned systems and we take pride in our versatility, agility, and delivering world-class results." "We're ready to roll up our sleeves and get to work on accelerating the transition of new technologies for the US Government." MilTech is an authorized National Government Partnership Intermediary that helps bring innovative technology to the US Government quickly, reliably, and cost effectively. MilTech has over 300 active and completed projects with DOD and DHS. Specifically for DHS, MilTech assists DHS Components, Program Managers, Labs and Integrated Product Teams with technology scouting, identifying technology gaps and unmet needs, critical design, prototyping, and manufacturing expertise to advance knowledge, technology and manufacturing readiness levels. Click here to learn more about the MilTech program and how it helps US Government agencies rapidly develop and field innovative new technologies.
11 Nov, 2021
We are proud to announce another invention that addresses the unique needs of rural and agricultural communities—Gate Watch, a revolutionary new product that automatically detects whether a gate is open or closed and sends an alert via the Roper® app. “We wanted a solution that was weatherproof, lightweight and works with all types of gates,” said inventor and CEO Maeve Garigan during recent remarks. “On the ranch you might have a wood gate or a metal gate, and you might use a chain or rope to keep it shut. What makes Gate Watch really unique is that it works for all types of gates and retentions, and the gate can move back and forth within its retention without being registered as ‘open’.” “A lot can go wrong very quickly if a gate is open when it shouldn’t be. Maintaining effective fencing is critical to avoiding costly losses and legal disputes.” “Gate Watch is an important step in our Roper® Smart Ranch concept,” she continued. “This involves a variety of devices, such as the Roper® tag and Gate Watch, which ride on the private and secure Roper® network with location and status information mapped out in the Roper® app. This gives the ranch manager and their team a single, up-to-date ‘picture’ of cattle location alongside the status of key infrastructure—a real game changer for managing time and priorities. Right now, folks are relying on guess work and time-consuming routines. We are revolutionizing that and improving their bottom line by saving time and reducing losses." "Putting together the Roper® Smart Ranch has been a ton of work and I am very proud of our team and their commitment to our vision and shared values of integrity, service, teamwork, and the constant pursuit of excellence." How it Works Gate Watch uses an advanced, laser-based ranging sensor to "watch" the gate from inside a weatherproof housing. When the gate moves outside of the sensor's field of view, it registers as "open" and automatically sends a notification via the Roper® mobile app. The sensor hardware can also be reprogrammed to perform other presence detection functions, such as counting the number of vehicles passing through a gate and their direction of travel. "Our approach to sensor design maximizes capability within a very small and rugged package. This creates valuable options and tremendous flexibility, especially considering that we can reprogram our sensors remotely using our secure network and change sensor behavior", explained Ms. Garigan. Gate Watch also serves as a node in the private and secure Roper® network so it can relay information from the Roper® tags, effectively extending the range of the Roper® tags over 3 miles. Below are figures from our recent patent filing that illustrate the installed Gate Watch, and a top view showing the allowable "slop" before a gate is detected as being open.
12 Feb, 2021
The idea of an ear-tag that uses GPS to track cattle isn’t a new one, but it hasn’t become a reality—until now. This past week, the Roper team completed the first two-week phase of their ranch pilot project that used the Roper® tag to continuously monitor cattle GPS location and activity. This groundbreaking new technology is the result of Roper's focus on inventing and developing next-generation smart wearables for secure off-grid tracking and communication. “This is a huge milestone for us,” said CEO Maeve Garigan "and immensely gratifying for me as the inventor and chief engineer. I am incredibly proud of our team and our success shows that building great tech requires having the right people and the right mindset. Many other companies have tried and failed to achieve what we have just done. This isn’t a problem that you can solve by throwing money at it. You need deep technical expertise, intense creativity, and a real appreciation for ranchers’ needs.” For this initial phase of the study, cattle were outfitted with Roper® ear-tags, and the Roper® network basestation with Internet backhaul was placed at a central location at the ranch, the entire process taking under two hours. The ear-tags collect GPS and activity data every hour and this data is immediately displayed in an app that maps cattle location and shows cattle activity. “This initial phase proved several very important points for us,” explained Ms. Garigan. “First, we showed that the ear-tag was comfortable for the cattle and didn’t irritate them. The tag weighs 35 grams, which is just over an ounce. The weight, shape and placement of the tags didn’t bother them at all and no tags were damaged. Cattle are really hard on equipment, so it was a nice surprise to get this right on our first try.”
Share by: