There are 2 Companies in Calgary
that provide Due Diligence Services!

Calgary is one of the fastest-growing tech centers in Canada and considered to be the most adventurous tech city. If you think Calgary is only about skies, mountains, and energy - you are partially right. The city’s main focus in the 21st century is the IT and Tech scene. Now, what we thought Calgary was, evolved into an energetic, digitalized city where businesses are taking risks, develop, innovate and fund new startups. 

Calgary has a strong entrepreneurial ecosystem, consolidated by companies and investments that permanently create and innovate digitally.  This fact is also confirmed by numbers - Calgary has one of the highest concentrations of small businesses in North America. The city is the home of 60%+ companies in the Alberta region and all of them were only small startups several years ago.

In addition to all, the local startups that are actually constantly growing, have managed to attract a high number of funds, support, and attention from international big actors who see a high development potential in the city. 

From software to hardware to services, digital transformation is a driver of tech investments by Calgary industries. A study by Calgary Economic Development and IDC Canada forecasts that Calgary companies will lead the $18.4 billion spent on digital transformation in Alberta through 2022.

In 2020 there were 270 startups all around the city across different industries that will grow into strong businesses due to a healthy infrastructure, highly-qualified professionals and constantly increasing wages that attract talents from all over the region, including from the US. 

The average salary in Calgary for the IT sector is somehow comparable to the one from Montreal - $49K vs $45K. However, according to another resource the average salary is estimated at around $66K/year. 

All in all, Calgary is a promising place for searching and/or investing in digital projects, and it is only a matter of time since it will become one of the leading cities in the region, according to our estimations. 

Due diligence services are like thorough investigations that help businesses make informed decisions. They assess risks and opportunities when entering into partnerships, acquisitions, or other critical business transactions.

Many IT companies offer due diligence services, specializing in analyzing technology, data security, and compliance aspects of potential business ventures. Notable IT companies providing due diligence services include Deloitte, KPMG, and Ernst & Young (EY).

Due diligence service providers use a combination of tools and technologies to assess various aspects of a business. These may include data analytics platforms, cybersecurity tools, compliance management software, and financial modeling software. They also leverage document management systems and communication tools for efficient collaboration during due diligence processes.

Due diligence and audit services share similarities in their examination of the financial and operational aspects of a business. However, they differ in scope and purpose. Due diligence is typically conducted before entering into a business transaction to evaluate the potential risks and rewards. In contrast, audit services are often part of ongoing financial reporting and compliance requirements within a business.

Due diligence services are closely related to other advisory and consulting services, including:

• Financial Advisory: Providing financial insights and recommendations.

• Cybersecurity Assessment: Evaluating a company's cybersecurity posture.

• Mergers and Acquisitions (M&A) Consulting: Assisting in the strategic aspects of M&A transactions.

• Compliance Consulting: Ensuring adherence to industry regulations and standards.

Selecting the best IT company for due diligence services requires evaluating their expertise, industry knowledge, track record, and the comprehensiveness of their due diligence process. Seek providers who can tailor their services to your specific industry and transaction type.

Due diligence service providers are essential for various projects, including:

• Mergers and Acquisitions: Evaluating the financial health and potential risks of target companies.

• Investment Assessments: Analyzing potential investments in startups or new ventures.

• Partnership Agreements: Assessing the suitability and risks of partnering with another organization.

• Regulatory Compliance: Ensuring adherence to data protection and industry-specific regulations.

Conducting due diligence is essential for businesses of all sizes and industries. Some examples include private equity firms, which need to assess potential investments and portfolio companies; startups, which must evaluate the feasibility and risks of new business ventures; large corporations, which conduct due diligence on acquisitions and strategic partnerships; and financial institutions, who ensure compliance and risk management in lending and investments.

The cost of due diligence services can vary significantly based on the scope and complexity of the project. Factors such as the size of the target company, industry regulations, and the depth of analysis required influence the price. In the US, costs can range from a few thousand dollars to millions for complex M&A transactions. UK and Australian costs can be similar but may also vary depending on regional factors and the specific nature of the project. It's advisable to obtain quotes and assess the value provided by service providers before proceeding with due diligence.