Tegus (now part of AlphaSense) is the premier library for expert transcripts. It allows investors to read interviews with customers, competitors, and former employees to get qualitative insights on a target. Colabra is the library for hard evidence. We analyse the target's signed contracts and corporate records. Tegus tells you what people say about the company; Colabra tells you what the company has signed.
Tegus is built for "primary research." It helps you understand the soft factors: product reputation, management quality, and competitive dynamics. It relies on the opinions of third-party experts. It is essential for commercial diligence.
Colabra is built for "documentary diligence." We analyse the hard factors: change of control clauses, IP assignments, and litigation history. We rely on the black-and-white text of the legal record. It is essential for legal and financial diligence.
A former employee on Tegus might say, "The software code is great." But they won't know if the IP assignment agreements were signed. Colabra checks the actual contracts to ensure the target actually owns the code they claim to sell.
Expert interviews rely on human memory. Data rooms rely on the written record. Colabra audits the 5,000 files in the VDR to find the discrepancies—like a customer contract that contradicts what the VP of Sales claimed in an expert call.