There are 3 Companies in Chicago
that provide Due Diligence Services!

While Chicago, nicknamed the “Windy City” is primarily known for its delicious food, unique architecture and a vibrant music scene, it’s also an important and expanding tech hub (with a growth of about 20% over the past 10 years), hosting thousands of IT companies.

It was already an established hub with a significant number of companies operating in finance, healthcare, logistics and other industries, all requiring robust IT solutions, as technology is inevitably making its way in all of these industries.

Chicago has a thriving startup ecosystem (currently ranked 6th in the US according to Global Startup Ecosystem Index) and has a large talent pool, due to multiple universities located in the city (it’s one of the top cities by the number of graduates with a computer science degree).

According to the Chicagoland Chamber of Commerce, the fiscal impact generated by the city’s tech industry was more than $651M.

The same source states that Chicago is the national leader when it comes to diversity and inclusion in tech: 34% of startups were founded by women (2 times more than the global average) and 32% of Black and Latino professionals working in IT.

There are lots of well known tech companies that have a significant presence or a headquarter in Chicago. Some of them are:

• Motorola

• Grubhub

• Groupon

• Braintree

• ActiveCampaign

• Cameo

• Cars.com

Chicago is set to become one of the top tech locations in the US, due to several reasons:

• Thriving startup ecosystem

• Multinational companies expanding their presence in the city

• State government supporting the IT industry

• Venture capital funding

TechBehmoths lists more than 500 IT service providers from Chicago. If you’re looking for a reliable IT company in this city, feel free to browse the company profiles and shortlist them based on your project requirements. 

Use the filter to narrow down your search results and save your searches for later. There is no obligation to hire and the service is free of charge.

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.