March 24, 2026
Crosslake launches next growth phase
Crosslake announced today the closing of a single-asset continuation vehicle initiated by its sponsor, Falfurrias Management Partners, and led by Leonard Green & Partners’ Sage Fund.
Crosslake
M&A and technology insights
May 28, 2025
Crosslake acquires Lucen Partners
Crosslake Technologies, a leader in data-driven technology advisory services for private equity firms and their portfolio companies, announced today the acquisition of Lucen Partners, a boutique advisory firm specializing in product and software advisory services for private equity-backed technol…
August 13, 2024
Crosslake named to 2024 Inc. 5000 list
Crosslake made the 2024 Inc. 5000 list, marking the fourth consecutive year the company has earned a spot on the list. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment — its independent, entrepreneurial businesses.
April 9, 2024
For tech-enabled services, three factors matter to investors
In 2023, a quarter of all targets we diligenced presented themselves to investors as tech-enabled service businesses – a trend that is growing every day. For these targets, a key outcome of diligence is helping an investor ascertain (or a seller explain): “Is this business really tech-enabled?”
August 25, 2023
Architecture, Crosslake Conversations
Monolithic architecture: is it really making a comeback?
Over the last decade, engineering teams have overwhelmingly favored microservices over monolithic architecture, based on the benefits of continuous delivery, scalability and improved resiliency for cloud-delivered products and services. Earlier this year, however, Amazon made headlines for return…
August 15, 2023
Crosslake named to 2023 Inc. 5000 list
Crosslake made the 2023 Inc. 5000 list, marking the third consecutive year the company has earned this achievement. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment — its independent, entrepreneurial businesses.
May 17, 2023
11 ways to protect your business against ransomware attacks
As legislation around cybersecurity tightens, the total cost of a ransomware attack may now include fines and penalties on top of other recovery costs. Waiting to take action until after a breach occurs is too big of a risk. Yet even as cybercriminals are becoming more sophisticated in their atta…
May 1, 2023
Exit Readiness, Technical Due Diligence
Tech exit prep: how to make the tech story as strong (and clear) as the financials
With unprecedented levels of private equity dry powder, investment advisors are urging these businesses to begin exit prep now.
April 20, 2023
Crosslake News, Technical Due Diligence
Crosslake wins technology due diligence provider of the year
Crosslake earned Technology Due Diligence Provider of the Year at the 22nd annual Real Deals Private Equity Awards in London. The award recognizes Crosslake’s ability to create value for clients through unmatched insights into specific business issues and industry trends.
March 16, 2023
Cybersecurity regulations present new business risks
With the global cost of cybercrime estimated at $8.4 trillion in 2022, governments feel rising pressure to take action with cybersecurity regulations designed to protect consumers. But for businesses affected by cybercrime, these new regulations may add insult to injury.
March 9, 2023
Crosslake Conversations, Technical Debt
Avoiding tech debt disasters
With headlines highlighting tech debt disasters from some of the world’s most trusted brands, we wondered: what are the lessons for middle market companies?
March 8, 2023
Women in Technology: Be a champion for change
The fact that Susan Wojcicki leaving YouTube was a newsworthy event is bittersweet. After several years, it’s common for a CEO to move on, but women in top executive positions in technology companies are rare enough that any departure becomes significant. It was a notable loss of representation f…
February 28, 2023
Crosslake named to 2023 Inc. Regionals: Mid-Atlantic list
Crosslake Technologies was recently named one of the fastest growing companies in Inc. Magazine’s 2023 Inc. Regionals: Mid-Atlantic list.
February 11, 2023
Staying relevant in the technology workplace
Crosslake lead practitioner Elisabeth Embry recently appeared on The Bladen Group’s Women Thriving in Business podcast to discuss what helps a business be successful in a constantly changing technology workplace. Elisabeth examines what strategies and options can be employed to help leaders achie…
January 18, 2023
Crosslake acquires UK-based Intechnica
CHARLOTTE, NORTH CAROLINA – Crosslake Technologies, a leader in data-driven technology advisory services for private equity firms and their portfolio companies, announced today the acquisition of Intechnica, a technology firm specializing in due diligence, value creation and bespoke digital produ…
November 24, 2022
Podcast, Technical Due Diligence, Voices
Preparing for tech due diligence
Crosslake CEO Barr Blanton shares insights into preparing for technical due diligence as both a buyer and a seller.
November 9, 2022
AI and machine learning: sorting out the hype
Is a target’s AI/ML real? VentureBeat article by Crosslake helps investors understand what to look for to assess the legitimacy of the tech.
September 9, 2022
Improving team performance with Agile
Donell Peters, Crosslake lead practitioner, recently spoke on Toni Collis’ Leading Women in Tech podcast on the role that Agile methods can play in improving a team’s performance. In this discussion, she shares the challenges of an Agile rollout and how to overcome them, her experiences as a frac…
August 16, 2022
Women in Tech: Elisabeth Embry
Crosslake lead practitioner Elisabeth Embry recently spoke with 2B Bolder, a site focused on career insights for the next generation of women in tech and business, on what it means to be a woman in technology industry and what it means to be bolder. She discusses what skills young women in tech s…
August 16, 2022
Crosslake named to 2022 Inc. 5000
Crosslake was named to the 2022 Inc. 5000 list of the fastest-growing, private companies in America, marking the second year in a row the company has made the list.
July 21, 2022
Open-source software: the hidden risk in the software supply chain
Some of the biggest building blocks in modern software development are open source: think OAuth, React, OpenSSL, Kubernetes and even Chromium, the technology behind Google Chrome and Microsoft Edge. Linux, which powers everything from Android phones to The Large Hadron Collider, is also famously…
July 14, 2022
Crosslake Technologies announces acquisition of cybersecurity advisory firm VantagePoint
CHARLOTTE, NORTH CAROLINA (July 14, 2022) – Crosslake Technologies, a leader in providing data-driven technology advisory services to private equity firms and their portfolio companies, announced it has completed its third add-on acquisition in the past 18 months with the purchase of cybersecurit…
March 15, 2022
Crosslake recognized on 2022 Inc. Regionals: Mid-Atlantic list
Crosslake was named to the 2022 Inc. Regionals: Mid-Atlantic list, the most prestigious list of growth companies.
March 9, 2022
Crosslake’s Donell Peters discusses being a woman in the tech industry
Crosslake Certified Practitioner, Donell Peters, has been a woman in technology for more than 30 years. In honor of International Women’s Day, we asked her for a brief glimpse into her career working in senior positions at Adobe, First Republic Bank, Ripple, Autodesk and multiple startups. Here’s…
January 4, 2022
Falfurrias-backed Crosslake Technologies acquires Renna Partners
CHARLOTTE, NORTH CAROLINA (Jan. 4, 2022) – Crosslake Technologies, a leader in providing data-driven technology advisory services to private equity firms and their portfolio companies, announced it has completed its second acquisition in a year with the purchase of Renna Partners. The move comes…
August 17, 2021
Crosslake named to 2021 Inc. 5000
Crosslake was named to Inc. Magazine’s prestigious 2021 Inc. 5000, an annual list of the nation’s fastest-growing private companies.
May 26, 2021
The pros and cons of using “bleeding-edge” technology
Life on the bleeding edge: is it worth the risk for investors? Bleeding-edge technology describes tech that is so new and untested that companies don’t fully understand its impact.
May 25, 2021
Crosslake Technologies appoints Barr Blanton CEO
Former CEO Russ Albright to serve as Senior Advisor and on Crosslake’s Board of Directors. Former Corsis CEO Gregg Alwine to serve as Crosslake Chief Operating Officer.
February 26, 2021
Business continuity planning – surviving a disaster
Natural disasters like Hurricane Sandy and Covid-19 have underscored the need for disaster recovery and business continuity planning. According to U.S. government agencies, up to 40% of businesses fail to reopen following a disaster.
February 21, 2021
Professionalizing technology in mid-market companies
Mid-market companies look to private equity for a number of reasons. In some cases, the founders want to exit and achieve a liquidity event. Other times, it’s to infuse capital into the company to enable continued growth when they know they are unable to raise funds or have hit a plateau of where…
January 19, 2021
Falfurrias Capital Partners adds to Crosslake with acquisition of Corsis
CHARLOTTE, N.C., Jan. 19, 2021 /PRNewswire/ — Falfurrias Capital Partners (FCP), a Charlotte-based private equity firm focused on growth-oriented, middle-market businesses, today announced the merger of Corsis, a provider of data-powered technology due diligence services, with its newest portfoli…
January 11, 2021
Crosslake recognized on the 2021 Best Places to Work List
Built In today announced that Crosslake Technologies was honored in its 2021 Best Places To Work Awards as one of the Best 100 Midsize Places to Work in Seattle. The annual awards include companies of all sizes, from startups to the enterprise, nationally and in the eight largest tech markets.
January 7, 2021
Falfurrias Capital Partners invests in Crosslake Technologies
CHARLOTTE, N.C. (January 7, 2021) – Falfurrias Capital Partners (FCP), a Charlotte-based private equity firm focused on growth-oriented, middle-market businesses, today announced it has made an investment in Crosslake Technologies.
October 11, 2020
A six-point framework for technology selection
We’ve spent a lot of time over the years working with companies to select new technology and we’ve seen the good, the bad and the ugly. Whether we come in at the beginning, the middle or after a company attempts to go live on a new solution, we’ve seen many mistakes that could have been avoided i…
September 22, 2020
Successful adoption and change management
As organizations pivot to new realities — refining business models, adopting new technologies and adjusting to changing competitive landscapes — software teams are tasked with taking on a new vision and transforming the way they do business.
September 14, 2020
How long does a complete rewrite of a software application take?
Despite what the average consumer perceives by using apps such as Facebook, Uber and Airbnb, the majority of today’s consumer and business applications do not use bleeding-edge technology. Unfortunately, the use of older technology and development practices can lead to significant challenges for…
June 16, 2020
Addressing COVID-19 cybersecurity risks
It’s been a few months since the COVID-19 virus has changed the way we live and work. While we seem to be over the peak and things are beginning to re-open slowly but surely, there is no certainty regarding a second wave. We also don’t know what the “new normal” may look like both in terms of how…
June 12, 2020
3 reasons why your SMB needs a fractional CISO
Having a fractional CISO serve on your team is the most effective way to leverage the experience of a seasoned CISO at a lower cost.
April 22, 2020
The catalyst for transformation
Overnight, COVID-19 fundamentally changed the way we work. During this unique time, many organizations have had to adapt to distributed work environments quickly. While trends have long indicated the future of work would be remote, leveraging the cloud and the shelter-in-place orders around the w…
March 23, 2020
Remote ramp-up — tips & tricks
With the recent unprecedented work environment most of us are in, we’d like to start an open discussion on how to go about your workday safely, efficiently and most important, successfully. Remote work is not the future of work for Crosslake, it’s the present. With close to 130 Crosslake certifie…
March 17, 2020
A message from Crosslake
To our valued clients,At Crosslake, we have a deep and abiding belief in doing what is right for our clients and our people. By staying true to our values, we are focused on what matters most — servicing our clients and helping them meet their business and safety goals through high-quality techni…
October 28, 2019
Showcasing client success with the journey to the cloud
It’s no secret that the migration of enterprise applications, databases and workloads to the cloud is accelerating. The benefits of the cloud can’t be denied. From faster provisioning of resources to rapid application development and lower costs, the cloud is the future and the future is here.
October 18, 2019
Collaborating to deliver open-source software for digital payment systems to benefit the poor
Those of us in developed countries have difficulty imagining what it would be like not to have access to a bank account — or any of the other benefits and security provided by basic financial products and services. For those in developing nations, it means they’re not able to save money or build…
September 23, 2019
Understand your risk — how protected are you?
It is important that security program objectives and controls are supported by the company’s leadership, business units, peer groups, partners and personnel from the top down. Business processes exist to drive revenue-generating activities. Applications are used to reduce the level of effort and…
June 11, 2019
Bringing financial services to the “underbanked” in Africa
The Bill and Melinda Gates Foundation set out with an ambitious goal: to change the way the world’s unbanked communities access money. Current digital payment systems exclude those in developing nations and those living in poverty without bank accounts and smart phones. The foundation engaged Cro…
May 22, 2018
How to measure R&D effectiveness when you’re not technical
At Crosslake, we often get asked by people who do not have a deep technical background, “How do I measure the effectiveness of our software development team without understanding the technical details?” Investors acquiring software companies (e.g., private equity firms) and other less-technical l…
October 28, 2017
Will this scale? Part 2: Evaluating infrastructure for scalability
In Part 1 of this post, “scalability” was defined and scalability issues with the software itself were described. In Part 2, we look at evaluating infrastructure for scalability (i.e., anti-patterns that commonly affect scale).
October 27, 2017
Will this scale? Part 1: Evaluating software architecture for scalability
Perhaps the most common question we get at Crosslake when performing technical due diligence on a company is, “Will this thing scale?” After all, investors want to see a return on their investment into a company, and a common way to achieve that is to grow the number of users on an application or…
September 29, 2017
Using Docker containers for microservices
This article gives insight and analysis regarding container usage for dev pipeline of a software product built using microservices architecture. Innovative businesses are using a microservices approach because it enables the introduction of new applications that are independently deployable witho…
September 12, 2017
Comparing 3 legacy code modernization strategies
Having helped many clients on their journey to next-generation technology, we often tackle the issue of modernization strategies for legacy code and platforms within software development.
September 4, 2017
Microservices architecture: an accelerator of innovation
Innovative businesses are migrating to microservices to provide a more Agile development environment. Take advantage of the benefits.
August 16, 2017
Software development outsourcing checklist — how to ensure success
Leveraging a trusted development partner can help you expedite your product roadmap and adoption of new technologies, however, these projects take thoughtful planning and structure to execute successfully. This software development outsourcing checklist outlines many of the key practices that are…
August 15, 2017
Making DevOps work for you
Making DevOps work is one of those things everyone wants. Out with the old and in with the new. But what drives that demand and how obtainable are the benefits? To deal with those, it’s worth establishing some kind of exact definition as to what DevOps actually is. Wikipedia comes to our rescue h…
June 30, 2017
How to build a business case for legacy system modernization
The continuous evolution of technology has made it challenging for newer applications to function correctly on legacy platforms, particularly when it comes to data and analytics. And you hear it every day — data is the driving force of today’s economy. But the data economy cannot be sustained if…
June 21, 2017
The adversity of training
Training is one of the least effective ways to change behavior.
June 20, 2017
A process for successful execution: How to work with a development partner
Market pressures are pushing companies to innovate and release faster and more frequently to stay ahead of the competition and digitize internal operations to reduce operating costs. New technologies continue to emerge that enable reductions in time to market and development costs. However, these…
May 30, 2017
PaaS Part 4: How PaaS facilitates data migration: A path to implementation success
Recently, a SaaS company within the financial technology industry acquired a competitor and launched an initiative to merge both companies’ critical customer-facing applications and data. This was the latest in a series of acquisitions, leaving the company with several platforms that needed migra…
April 28, 2017
PaaS Part 3: Seven warning signs for how PaaS facilitates data migration
In recent years, a large and successful software-as-a-service (SaaS) company experienced tremendous growth, and with that growth, expanded its software development organization rapidly (~300% in 18 months). To enable the fastest growth possible, the company adopted a distributed development stanc…
March 31, 2017
PaaS Part 2: Case study: Membership management software goes cloud-native
Examine how one company set out on their first native cloud endeavor and what they learned with that first experience.
March 30, 2017
PaaS Part 1: Maximizing value using PaaS
Many companies are looking to platform-as-a-service (PaaS) infrastructure, to enable faster, standardized and more cost-efficient software development across their organization. Yet, some organizations get stalled shortly after implementation. At Crosslake Technologies, we have seen confusion at…
February 24, 2017
Seven ways Agile software development leads to cost savings
Agile software development is a proven and effective model for software creation. Millions of software engineers understand and have seen the benefits of developing software in this way.
January 24, 2017
Successful distributed development — what you need to know
Distributed development is very much a reality as companies continue to get acquired and divested, and because costs and skill sets vary around the world, it’s also a necessity. The benefits include access to a larger pool of talent, the ability to increase the diversity of your team, insights in…
December 19, 2016
Considerations for addressing legacy code
The elephant in the room for many technology companies is their legacy software. Revenues are reasonable, but there is lots of potential for growth. The problem is that the elephant prevents further growth at an accelerated pace.
November 28, 2016
Maintain control, clarity and confidence through transformation by enlisting the help of an experienced partner
A third party can help put a plan together with a focus and depth that is difficult to achieve when teams go it alone.
September 15, 2016
SAFe RACI matrix: download your copy today
The Scaled Agile Framework, or SAFe, is a complex beast with many roles and activities strewn throughout the model. Our clients have told us that it is difficult to keep everything straight and that the learning curve for what happens when is steep. In fact, some have asked us for a roles and res…
February 18, 2016
Technical due diligence: what matters to investors
Technical due diligence is an essential component of the M&A lifecycle for most businesses today. But what exactly are private equity firms, investment banks and acquiring companies looking for when it comes to technology? Our technical due diligence checklist highlights what’s most important.
June 25, 2013
Documenting the architecture
Documentation is one of those necessary evils in software development, particularly for teams that use remote development centers and need to rely on written communication more. We periodically hear the excuse, “We are doing Agile — we don’t need no stinkin’ documentation!” This is a misinterpret…
June 20, 2013
Effective status reports
Status reporting is often a necessary evil in many corporate environments to keep stakeholders up to date on what is happening with a project. In our travels, we see a lot of weak status reports and generally help clear things up. While one could practically write a book on what makes a good stat…
April 26, 2012
BVT vs. smoke testing
Lately, I have seen some confusion at the level of testing that should be done when a daily build is generated. How do we know that the daily build is ready for general consumption? What’s the difference between BVT and smoke testing?