Strategic adviser Orla O’Gorman talks about the importance of due diligence when it comes to mergers and acquisitions.
A recent M&A in Ireland report from Aon highlighted the increasing importance of digitalisation, technology and cybersecurity when it comes to mergers and acquisitions.
According to the report, more than 40pc of respondents felt that failure to identify cybersecurity and technology risks in M&A targets could prevent a deal from taking place.
However, only 26pc of respondents cited cybersecurity as an important focus area for due diligence.
Speaking at the launch of the report, strategic adviser Orla O’Gorman said it’s important for companies to realise that every organisation has a cyber dimension.
“It’s really important because, to an extent, that new organisation is joining yours, you’re creating more windows into your own IT security system, and it’s got to be safe,” she said. “Ignore it at your peril.”
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Words by Jenny Darmody