Welcome to the Private Equity Podcast! In this episode, we explore "Private Equity and Technology Transformation" with Alan Williamson. Alan, a seasoned CTO and operating partner, shares insights from his journey—from embedded engineering to navigating Enterprise Java and PE due diligence. He emphasizes crucial operational details affecting portfolio companies, such as cybersecurity and data ownership, and discusses the evolving role of technology in PE.
[00:10] Social engineering is still the number one way to hack a company.
[00:17] Introduction of guest Alan Williamson, CTO, operating partner, and author.
[00:46] Discussion on technology transformation, pitfalls in private equity, and opportunities pre and post-deal.
[01:13] Shares background from embedded engineer to Java development and entry into private equity.
[02:08] Discusses common mistake in portfolio companies: neglecting operational details like domain ownership and software subscriptions.
[03:30] Anecdote on operational oversight challenges in companies due to misplaced responsibilities.
[04:29] Highlights key red flags in due diligence, emphasizing over-reliance on individual technical knowledge within companies.
[05:53] Discussion on technology enablement in private equity and the evolving role of specialized operating partners.
[08:17] Contrasts in-house technical expertise with external consultancy services in private equity firms.
[09:44] Pre-deal considerations including data ownership and regulatory compliance.
[10:37] Security concerns in acquisitions, emphasizing cybersecurity diligence and compliance across different states.
[14:37] Discusses social engineering as a primary hacking method in corporate security breaches.
[15:00] Post-deal implementation strategies including securing operations and aligning with PE firm objectives.
[18:58] Maximizing data value through machine learning and leveraging historical data for business insights.
[21:23] Personal influences and recommendations, highlighting interests in movies and older business literature.
[23:46] Alex Rawlings wraps up the podcast.
You can connect with Alan Williamson on LinkedIn by visiting his profile here.
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The Private Equity Podcast, by Raw Selection