This company buys a small vendor that’s been providing some business services, and the buyer is pretty sure all the due diligence is done, according to a pilot fish there.

“Prior to the purchase, we had been to the vendor’s facility periodically and thought we knew what we needed to,” fish says. “In the other facility there are a fair number of employees on various floors, and periodically new faces.

“Then one evening about a year after the acquisition, we heard through the grapevine that another business, in the same industry we’re in, was storing their backup tapes at our acquisition’s site. We had no idea this may or may not have been occurring.”

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