Quant-Tech Go/No-Go: Measuring What Matters in Code-Centric Diligence

At HFC GmbH we are running parallel proof-of-concept trials with five independent systematic-trading teams, each pitching a distinct execution stack for an institutional manager. For Searchfunder operators who have assessed technology-driven service providers in a buy-and-build play, which quantitative metrics and qualitative red flags proved decisive in your go/no-go investment memo, and how did you adapt conventional commercial diligence to a highly code-centric operating model?