AST Private Company Solutions™ (AST PCS) today announced that it is leveraging Box Platform to power AST PCS’s new Astrella™ capitalization (cap) table and ownership data management system, providing users with an encrypted cloud environment and immediate access to Box’s secure cloud content management platform, data storage and collaboration tools. This new integrated cloud-based service will enhance user experience as well as simplify licensing for Astrella clients.
By building this new feature on the Box Platform, Astrella users are able to seamlessly maintain company documents more securely and comply with the General Data Protection Regulation (GDPR). Employees and investors will have the ability to access their own personalized documents with the added collaboration capabilities and security of Box. Instant access to these crucial documents is extremely important as they are often created many years before a liquidity event or investor exit. Sensitive documents including Articles of Incorporation, investor documents, NEC forms, employee or investor prospectuses, term sheets, and equity plan documents will all be stored with proper data privacy obligations within the integration.
Astrella was developed by AST PCS, the Silicon Valley-based unit of ownership data management leader AST, as a transformative technology in private company shareholder management. The new cloud-based software-as-a-service platform brings together private blockchain technology, artificial intelligence (AI) and predictive analytics to provide an alternative to traditional database solutions. The system is built with an API-based ecosystem to integrate seamlessly with leading providers to private firms, and a number of partnerships have already been formed.
“It was essential for AST to integrate a best-of-breed solution like Box, which is universally praised for data protection and privacy and works with some of the world’s leading global corporations,” said AST PCS Head of Technology Steve Madeira. “Box supports a collaborative approach in its services that is uniquely complimentary to both AST’s breadth of ownership data management solutions and the design aspects of Astrella. We are excited that this latest update to the Astrella platform will provide industry-leading digital document storage, applications and workflows to private companies at all stages.”
“Box Platform leverages Box’s enterprise-grade content management features, including encryption services, metadata and security certifications, making it possible for Astrella to transform how their clients create, consume and collaborate on content,” said Jeetu Patel, Chief Product Officer at Box. “We are excited that by working with AST PCS, they are able to deliver a more secure, connected and streamlined environment that protects private companies’ most valuable financial information.”
The deal with Box is the latest in a series of strategic relationships for PCS across a wide-range of private shareholder requirements, all with the objective of providing rapid data access, efficient workflow and the best possible end-to-end user experience to private companies.
About AST Private Company Solutions, Inc.
Founded in 2019, AST PCS is an affiliate of AST and is focused on serving private companies worldwide. Astrella, a cloud-based SaaS solution, allows private companies to manage their ownership data, including the cap table and employee equity plans and to connect directly with related service providers to support efficient workflow, and provide access to investors, advisors and employees. For more information, visit www.astrella.com.