LexCrypta Evaluate  ·  M&A Forensic Intelligence  ·  Terminal

Every deal has a truth.
Most buyers never find it.

Standard due diligence finds what the seller wants you to find. Evaluate commissions Lexi to find what they don't. A forensic intelligence terminal — installed inside your firm, running offline, answering to no one but you.

$3,500
Per terminal / month
Offline
No cloud. No exposure.
80+
Detection libraries
Zero
Data leaves your firm
"The liabilities that kill deals are never in the information memorandum. They are in the bank statements, the intercompany transfers, the vendor relationships, and the financial behaviour of the people running the target. That is what Lexi reads."
LexCrypta Evaluate  ·  Forensic Intelligence Terminal
The Problem

Standard due diligence
was never designed to find fraud.

The information memorandum is written by the seller. The financial statements are prepared by the seller's accountants. The data room is curated by the seller's advisors. Everything you receive has been through a filter — and the filter is operated by the party with the most to gain from your ignorance.

Lexi operates outside that filter. It reads the raw financial record — bank statements, transaction histories, intercompany flows — and surfaces what cannot be curated away. The numbers that were moved. The relationships that were obscured. The liabilities that were structured to be invisible.

Evaluate is not a replacement for your advisors. It is the intelligence layer that tells your advisors where to look.

01
Hidden intercompany transactions
Funds moved between related entities to inflate revenue or conceal liabilities. Lexi identifies recurring transfer patterns inconsistent with disclosed corporate structure — the signature of earnings manipulation.
02
Undisclosed vendor relationships
Payments to entities that do not appear in the disclosed vendor register. Related-party transactions structured to look arm's-length. Lexi maps every outflow against disclosed relationships and flags the gaps.
03
Cash flow misrepresentation
Revenue recognised before receipt. Expenses deferred beyond the assessment period. Working capital artificially inflated ahead of sale. Lexi reads the actual cash movement — not the accounting presentation of it.
04
Cryptocurrency and digital asset exposure
Undisclosed crypto holdings, exchange transactions, and digital asset movements embedded in the target's bank statements. An increasingly common mechanism for moving value off the disclosed balance sheet.
The Terminal

Lexi. Inside your firm.
Answering to no one else.

Evaluate is not a cloud platform. It is a physical intelligence terminal — a dedicated mini-computer installed inside your firm, running Lexi entirely offline. No data leaves the building. No cloud servers hold your deal intelligence. No breach surface exists beyond your own walls.

This is not a security feature. It is the architecture. Lexi runs locally. Analysis happens locally. Reports are generated locally. The only connection required is the one between your team and the terminal.

Your deal pipeline. Your intelligence. Your terms.

Deployment
Physical terminal · installed on-site · your premises
Connectivity
Fully offline · zero cloud dependency · air-gapped option available
Data sovereignty
All analysis, storage, and output contained within your firm
Deal capacity
Unlimited simultaneous deals · full pipeline management
Document types
Bank statements · financial records · accounting data · corporate filings
Licensing
Per terminal · $3,500/month · multi-terminal pricing on request
TERMINAL ACTIVE · OFFLINE
ACTIVE DEAL PIPELINE
Meridian Holdings Ltd
EVL-2026-0041 · Manufacturing · $180M
Signals Found
Coastal Logistics Group
EVL-2026-0039 · Logistics · $94M
Clear
Apex Software Pty Ltd
EVL-2026-0044 · Technology · $42M
Analysis Running
MERIDIAN HOLDINGS · SIGNAL SUMMARY
Undisclosed intercompany transfers — 14 instances · $2.4M
Vendor payment to unregistered entity — recurring · $380K/yr
Revenue timing anomaly — Q4 concentration inconsistent with prior years
Crypto exchange deposits identified — undisclosed digital asset exposure
Bank statements consistent with disclosed headcount and payroll
What Lexi Finds

Six categories of intelligence.
None of them optional.

Every Evaluate analysis runs across all six simultaneously. A clean result on five means nothing if the sixth surfaces a deal-killing signal.

01
Cash Flow Integrity
Actual cash movement validated against reported financials. Revenue timing, working capital manipulation, and artificially inflated pre-sale cash positions identified from the transaction record.
02
Intercompany Forensics
Transfers between related entities mapped against disclosed corporate structure. Patterns inconsistent with the disclosed group — the signature of earnings manipulation or liability concealment.
03
Vendor Intelligence
Every outflow mapped against the disclosed vendor register. Payments to unregistered, related-party, or shell entities identified. Kickback and related-party transaction patterns surfaced.
04
Digital Asset Exposure
Cryptocurrency exchange transactions, digital asset purchases, and blockchain-related payments identified within the target's bank statements. Undisclosed crypto holdings are an increasingly common off-balance-sheet mechanism.
05
Liability Signal Detection
Undisclosed recurring obligations, structured finance arrangements, and off-balance-sheet commitments identified from payment patterns. What the target pays for is more revealing than what it discloses.
06
Behavioural Forensics
Transaction velocity anomalies, structuring patterns, and financial behaviour inconsistent with the disclosed business profile. The signals that indicate something is being managed rather than reported.
The Report

Deal intelligence formatted
for the boardroom.

Evaluate generates a Forensic Intelligence Report for each deal — structured for presentation to investment committees, legal counsel, and senior advisors. Not a data export. Not a dashboard screenshot. A document that carries weight in the room where the decision is made.

Every signal is documented with transaction-level evidence. Every finding carries a materiality assessment. Every report discloses its full methodology — defensible if challenged, credible if presented.

PASS or REFER. The verdict is plain. The evidence is complete. The decision is yours.

Confidential · Deal Intelligence
Forensic Intelligence Report
Meridian Holdings Ltd
Deal forensics — M&A target assessment
Generated
19 Apr 2026
Deal Value
$180M
Analysis Period
24 months
Lexi Verdict
REFER
Key Findings
Undisclosed intercompany transfers — 14 transactions totalling $2.4M to an entity not appearing in the disclosed group structure. Recurring quarterly pattern suggests systematic.
Vendor payment anomaly — $380K per annum to a vendor with no disclosed registration, invoiced in irregular amounts inconsistent with legitimate services.
Revenue timing concentration — 61% of annual revenue recognised in Q4, a pattern inconsistent with the prior three years and with the disclosed customer contract terms.
Payroll consistent with disclosure — Bank statement payroll debits consistent with disclosed headcount and compensation structure across the full analysis period.
Terminal Licensing

One terminal.
Unlimited intelligence.

Priced per terminal, not per deal. Run your entire active pipeline through a single terminal — no per-analysis fees, no usage caps, no surprises.

Evaluate · Standard
Single Terminal
Licence
$ 3,500
Per terminal · per month · hardware included
Lexi forensic intelligence engine — full capability
Unlimited simultaneous deals — no pipeline cap
Bank statements · financial records · accounting data
All six intelligence categories — every analysis
Forensic Intelligence Report — boardroom-ready PDF
Fully offline — zero cloud dependency
Hardware included — installed and configured on-site
Priority support — dedicated point of contact
Terminal licence includes hardware, installation, configuration, and ongoing support. Annual commitment available — contact us for terms.
Live Demonstration

See Lexi find a signal
in a real deal.

We walk you through a live Evaluate session on anonymised deal data — showing exactly how Lexi reads financial records, surfaces signals, and produces the Forensic Intelligence Report your investment committee will see.

The demonstration takes thirty minutes. It runs on the actual terminal hardware. You leave knowing precisely what Evaluate does — and whether it belongs in your due diligence process.

Request a Demonstration
Your Name
Firm Name
Email Address
Role
Preferred Time (Optional)
Register Interest

Commission your
first evaluation.

Evaluate is available now. Terminal installation is completed within five business days of engagement. Register your interest and a member of our team will contact you directly to discuss your firm's requirements.

We work with a limited number of firms at any one time to ensure the quality of onboarding and support. Registrations are reviewed in order of receipt.

First Name
Last Name
Firm Name
Email Address
Role
Typical Transaction Size
Transactions Per Year (Approximate)
Jurisdiction(s)
Message (Optional)

Registrations are reviewed within one business day. We will contact you directly to discuss terminal deployment and onboarding.