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About FoundationState

FoundationState provides independent Technical and Product Due Diligence for private equity investors, venture funds, corporate acquirers and boards evaluating software and technology-driven businesses.

Our Technical Due Diligence assesses whether the platform can support the investment thesis: architecture and scalability, cloud infrastructure and cost efficiency, cyber security posture, source code quality, open-source licence compliance, IP ownership, DevOps and delivery maturity, and engineering team capability and key-person risk.

Our Product Due Diligence assesses whether the product organisation can deliver the growth plan: product strategy and market fit, roadmap credibility, SaaS metrics (churn, NRR, cohort behaviour), delivery capability and AI readiness.

Led by founder Ryan Musselwhite, who has run technology environments spanning 15+ SaaS products, 100,000+ end users and multi-cloud operations across Azure, AWS and Rackspace, FoundationState combines transaction support, independent technology review and hands-on operator experience. We have reviewed 15+ acquisition targets and supported eight completed acquisitions.

Engagements are scoped to the deal, from a one-to-two-week focused review to a three-to-eight-week full assessment, and every report includes an executive summary, a prioritised risk register and strategic recommendations that investors and boards can act on.

Services

Capabilities listed on this profile.

IT Strategy ConsultingBusiness ConsultingCloud Consulting & SICybersecurity

Pricing

Self-reported by the listing.

Min. project
$5,000+
Hourly rate
$150 - $199 / hr

Team & locations

Location not listed2 - 9 employeesFounded 2025

Questions & answers

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