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Aegrynformerly BOHA-Group

Aegryn Grade System

Objective truth
about every tech asset.

No estimation. No gut feeling. A rigorous 4-dimension evaluation protocol producing a public, auditable and traceable grade.

AEG ★

Exceptional

Top 1% of submitted assets. Ready for immediate institutional transaction.

AAA

Excellent

Mature, documented asset. Reliable valuation. Standard transaction without reservation.

AA

Very good

Strong metrics, some optimisations recommended. Confirmed valuation.

A

Good

Identified potential, documented improvement areas. Value plan proposed.

B

Correct

Asset in development. Remediation plan required before transaction.

The 4 evaluation dimensions

One grade, four truths.

C

Code

Code quality, technical debt, test coverage, application security, developer documentation.

I

IP & Rights

Coverage of software rights, registered trademarks, proprietary licences, patents and exclusivity agreements. Assesses the legal robustness and transferability of the intellectual asset.

F

Finance

ARR/MRR, growth trajectory, margins, CAC, LTV, burn rate.

S

Security

GDPR compliance, penetration testing, secrets management, MFA, zero-trust architecture and absence of known critical vulnerabilities. Assesses cyber risk at transfer.

The certification process

01

Submit

Online form + initial documentation. Pre-qualification within 5 business days.

02

Analysis

Data room access. 4-dimension evaluation by our certified analysts.

03

Report

Full certification report with grade, sub-codes and recommendations.

04

Publication

The grade is published in the Aegryn catalog and versioned in the official register.

Why certify now

Certification creates measurable value.

The tech M&A market has developed a clear premium for assets whose quality is verifiable. This premium is not a projection — it is observable on completed transactions.

3.1x ARRMedian SaaS B2B Europe multiple
6.9x ARRGrade AAA — top certified assets
2.8x ARRAssets without certification
€14.2BSaaS M&A volume Europe 2025

Submit an asset

Get the grade that gives your asset its price.

Aegryn certification is your asset's passport to institutional buyers and M&A processes.