Technical Due Diligence

Technical Due Diligence

Thought Source conducts technical due diligence on Mojo Sports for Waud Capital and TeamSnap

Thought Source was engaged by Waud Capital and its portfolio company TeamSnap to assess Mojo Sports’ technical platform and product roadmap—informing a key strategic acquisition in youth sports engagement.

August, 2023

Waud Capital (TeamSnap)

Waud Capital is a growth-oriented private equity firm investing in innovative healthcare and software businesses. TeamSnap is one of its portfolio companies and a market leader in youth sports management and engagement platforms.

TeamSnap—a leader in team and player management software—sought to enhance its offering with Mojo Sports, an emerging digital coaching platform combining instructional content, team coordination, and media tools. Waud Capital, TeamSnap’s PE owner, engaged Thought Source to provide independent technical due diligence—evaluating the maturity and fit of Mojo’s technology and product.

• Evaluate Mojo’s technology platform, architecture, and scalability

• Review code quality and open-source usage

• Assess integration feasibility with TeamSnap’s core platform

• Inform strategic decision-making for a potential acquisition

Thought Source led a structured diligence process, combining technical deep dives with product alignment assessments. This included full access to Mojo’s codebase, an open-source scan, documentation review, and guided walkthroughs with key technical and product stakeholders.

Beyond confirming technology fit, our team also assessed delivery practices, infrastructure, and content handling frameworks. We provided guidance on potential integration strategies and determined long-term scalability.

Waud Capital and TeamSnap received a detailed and action-oriented diligence report, helping them proceed confidently with the acquisition. Mojo Sports was successfully acquired in early 2024, bolstering TeamSnap’s capabilities and accelerating innovation across its platform ecosystem.

Thought Source is a trusted advisor for technical diligence and technology-led transformation. We work across the investment lifecycle—from pre-deal assessment to post-close execution—helping investors and operators unlock value in software, SaaS, and tech-enabled services businesses.