Engagement — Platform Due Diligence
Code & Co. provides Tech & Product Due Diligence to Bencis ahead of its acquisition of Eurorad, a pioneer and leader for corporate bike leasing.
Bencis acquired Eurorad, marking a significant milestone towards promoting sustainable mobility solutions. Eurorad has a comprehensive network of >5,000 bike dealers across Germany, backed by a fully automated processing system for employees, employers, bicycle dealers, leasing companies, and insurance providers.
Scope of Work
Code & Co. delivered comprehensive Tech & Product Due Diligence to Bencis, covering an extensive evaluation of Eurorad’s platform's technological capabilities. This encompassed an analysis of the platform's current and next-generation cloud-native architecture, infrastructure, cybersecurity measures, and technology selections. Additionally, Code & Co. examined the product roadmap, alongside the engineering team capabilities, software development lifecycle, and quality assurance strategy.
About Eurorad
Eurorad is a corporate bike leasing provider based in Cologne. The company provides the platform and connects employees, employers, bike dealers, leasing companies, and insurance providers to offer company bike leasing. For more information, visit www.eurorad.de.
About Bencis
Bencis is an independent investment company that supports business owners and management teams in achieving their growth ambitions. Headquartered in Amsterdam, with advisory offices in Düsseldorf and Brussels, Bencis has been investing in strong and successful businesses in Germany, the Netherlands, and Belgium since 1999. For more information, visit www.bencis.com.