Investment screening

Make the logic visible.

Five qualification gates stop obvious mismatches. Qualified companies are ranked on eight explicit dimensions, with every score tied to a structured input.

Universe20Synthetic organisations

Qualified16All gates passed

High priority6Score of 8.0 or above

Median score7.8Qualified universe

Disqualified4Stopped before ranking

Selected company screen

Tern Systems

Cloud operations · Zurich, Switzerland

DQDQDisqualified

Stop at screening: €1m–€20m ebitda, privately held.

Open intelligence profile Send to outreach

Qualification gates

3 / 5 passed

Primarily B2B

Revenue is primarily generated from business customers.

€1m–€20m EBITDA

Illustrative EBITDA is €24.6m.

Privately held

The company is publicly listed.

European presence

Zurich, Switzerland.

No recent change of control

No recent change of control is recorded.

Score ledger

Source fields

Revenue quality1.1 / 2.0

64% recurring revenue leaves material exposure to transactional or services revenue.

Source field: recurringRevenuePct

Scale0.6 / 1.5

€24.6m EBITDA sits outside the preferred platform range.

Source field: ebitdaEurM

Growth0.4 / 1.5

6% revenue growth is below the level expected for a growth-led case.

Source field: revenueGrowthPct

Profitability0.4 / 1.5

10% EBITDA margin requires a clear path to stronger unit economics.

Source field: ebitdaEurM / revenueEurM

Market focus0.75 / 1.25

The addressable market is broad enough to weaken specialist positioning.

Source field: marketFocus + subSector

Product depth0.4 / 1.0

Services or platform dependencies may limit defensibility.

Source field: productDepth

International0.75 / 0.75

72% international revenue demonstrates a repeatable cross-border proposition.

Source field: internationalRevenuePct

Dealability0.1 / 0.5

Corporate-owned status introduces carve-out or strategic-owner complexity.

Source field: ownership

20 screening resultsIllustrative rubric v1.0