Timothy Goddard

Yeah, one question for Phil at Black Duck: “When it comes to these audits that you do, how often do you actually find open source in the code?”

Paul Odence

Well, the quick answer is every time. That’s not a problem in and of itself, most open source is fine to use. Most of the time, call it 95/100, we’re finding open source that the code owner didn’t  know about, and that begins to get problematic. Usually, I would say 75% of the time, we’re finding unknown open source and open source with unknown licenses, and then about half the time we’re finding code that is under the GPL license, which is the one that got Cisco in trouble.

So we always find open source and we usually find something that’s at least of some concern to the buyer.

Bruce Milne

Thanks, Phil. I see another question here and, Tim, I’ll throw it to you. “You talk about experienced professionals, where do you get good lawyers?”

Timothy Goddard

I’m glad you asked. We actually work with most of the top M&A lawyers in the world on our events. We have a lot of events globally, educational events similar to this one, but in person, and we’ll have more on that in a moment.

If you go to those events, chances are good that you’ll meet a high quality lawyer. You can also go to our website, look at our co-sponsors page in the events section, and find some pointers there as well.

Bruce Milne

Corum works with all the top law firms in the world, they co-sponsor and work with us.

We’ve reached the thirty minute mark, so we’ll answer any remaining questions offline directly. We encourage you to join us at one of our conferences, the better educated you are, the better prepared you are for success. Thanks for joining us today.

This is a segment from Tech M&A Monthly: 12 Things to Do to Survive Due Diligence (December) webcast. For more information, please visit Corum Group's Software M&A Webcast Archive