Merrill Corporation, a leading provider of technology for global mergers
and acquisitions (M&A) professionals, today announces the general
availability of redaction in its DatasiteOne software-as-a-service
(SaaS) application for due diligence, cutting in half the time it can
take deal makers to redact and un-redact documents and accelerating the
due diligence process.
Redaction is a time consuming, yet critical action, that is used in over
75% of deals, according to Merrill research. Redaction
for DatasiteOne, an industry first, provides deal makers the ability
to easily control the process of ensuring confidential words, phrases
and images are securely hidden from view. Later in the deal, redacted
content can be easily unredacted within the virtual data room (VDR).
“The redaction process is a massive undertaking that is frequently
outsourced to third parties and spread across deal teams,” said Thomas
Fredell, chief product officer at Merrill Corporation. “Not only does
Redaction for DatasiteOne eliminate nearly two-thirds of the steps it
normally takes with unintegrated redaction tools, speeding up both
redaction and unredaction by as much as 50%, it improves the accuracy
and security of documents to improve deal efficiency.”
“Redaction for DatasiteOne has saved us valuable time from having to
outsource or manually manage sensitive information with permanent
markers or other tools outside the data room,” said Anne-Sophie
Jourdain, former Group Head of Legal for Atalian Global Services. “This
means we can focus on other parts of the deal making process. And as
data privacy regulation increases, it is great to have an innovative
partner such as Merrill help us do that.”
Redaction for DatasiteOne is part of several new security,
collaboration, insight, and control capabilities included in
Merrill’s DatasiteOne due diligence application. Other recent
enhancements and features include:
- Dashboard & Visual Analytics
- Q&A Management
- Advanced Watermarking
- Permission Staging
- Mobile-enabled Platform
For more on DatasiteOne, visit: https://www.merrillcorp.com/datasiteone.
About Merrill Corporation
Merrill Corporation is a leading global SaaS provider for participants
in the M&A lifecycle. Clients trust Merrill’s innovative applications,
excellent customer service and deep subject expertise to successfully
navigate the secure sharing of their most sensitive content. The
company’s flagship platform, DatasiteOne, powers secure, intelligent due
diligence and enterprise collaboration for thousands of deals in more
than 170 countries. For more information, visit http://www.merrillcorp.com.
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