Watch the full interview with Fanbasis here

“The CodeOps audit was huge for us—it completely validated our concerns and uncovered technical debt that would have taken us hundreds of days and potentially seven figures in engineering resources to remediate. Without this audit, we would have been way over budget and walking blind into the deal. It was by far the most ROI-positive investment we made throughout the acquisition process.”

Company Profile
Fanbasis is a rapidly scaling digital business platform—described as a Shopify for digital products, services, and communities—led by CEO Yash Daftary. With a ten-figure annual run rate and a recent $20 million Series A, Fanbasis is building the operating system for modern digital businesses.

The Challenge: Navigating a High-Stakes Acquisition
As Fanbasis considered acquiring a complementary software platform, the leadership team recognized the need for a comprehensive code audit. Their CTO, experienced in M&A from his time at Salesforce, conducted a preliminary review but sought an independent, expert assessment to validate concerns and uncover hidden technical risks.

Before engaging CodeOps, Fanbasis suspected that the target company’s technical infrastructure was not as robust as claimed. The team needed an objective evaluation to understand the true state of the codebase, the extent of technical debt, and the potential impact on valuation and integration.

The Solution: Expert Code Audit by CodeOps
Fanbasis partnered with CodeOps to perform a thorough audit of the target company’s code. The audit was designed to:

• Uncover hidden technical debt that could affect integration and future development.

• Assess the impact on valuation by quantifying the resources required to remediate issues.

• Provide an objective, third-party perspective to inform strategic decision-making.

The Results: Clarity, Cost Savings, and Confidence
The CodeOps audit delivered critical insights that exceeded Fanbasis’s expectations. It:

• Validated concerns about technical infrastructure and revealed additional technical debt that would have taken hundreds of engineering days to fix.

• Enabled more accurate deal valuation by quantifying remediation costs, which amounted to hundreds of thousands of dollars—potentially saving Fanbasis seven figures in engineering resources.

• Empowered negotiation by allowing Fanbasis to adjust the deal size and terms based on the audit’s findings.

• Delivered a strong return on investment—Yash Daftary described the audit as “probably the most ROI-positive investment we made throughout that whole process.”

A Partner for Growth
Yash Daftary praised CodeOps for its expertise and the value it brought to the acquisition process. “This audit uncovered all those things that we weren’t aware of,” he said. “If anything, this was probably the most ROI-positive investment that we made throughout that whole process.”

Fanbasis now recommends CodeOps to other CEOs and CTOs facing similar challenges. “Whenever someone asks me for advice, I’m going to be sending them your way,” said Daftary.

Conclusion
By partnering with CodeOps, Fanbasis gained the clarity and confidence needed to make a smarter acquisition decision. The audit not only saved time and money but also positioned Fanbasis for smoother integration and future growth—proving that expert due diligence is a critical lever for success in high-stakes deals.

Need assistance with your technical diligence? Book a discovery call with our experts and get clarity on your codebase, technical debt, and acquisition risks.