In the past 20 years, outmoded paper-based processes have been digitized and brought online, significantly improving business workflows. To facilitate the sharing of sensitive business documents, many companies are making use of a virtual data room: an online database for storing confidential and sensitive information and sharing it with third parties.Read More
In 2012, following an $11.1 billion takeover of Autonomy a year earlier, HP recorded a record of around $8.8 billion. Following an internal investigation, HP alleged that Autonomy had “accounting irregularities” that had contributed to overpricing their business (which Autonomy strenuously denied). At around the same time, shareholders sued HP for the losses they incurred, eventually settling for $100 million.
What a mess!
It begs the question: if a giant like HP can’t get their due diligence right, what hope is there for other businesses? In this case, as in many other disastrous M&A actions, it’s the things you don’t know that cause the most significant problems.Read More
Virtual data rooms are used for a variety of reasons in a range of industries. Whether you’re preparing for fundraising, considering taking your company public, or looking to take control of corporate documents scattered across multiple desks, hard drives, and shared folders, there are many reasons to use a virtual data room. Here are a few of the most common VDR use cases.Read More
Virtual data rooms have become one of the most popular options for sharing documents within an enterprise environment. The most common use of virtual data rooms is to facilitate short-term financial transactions such as mergers and acquisitions, making documents available during the due diligence process. However, virtual data rooms are equally well suited for corporate document management, thanks to a variety of features that make storing, organizing, and sharing important documents simple and secure.
Here are five ways the long term use of corporate document management software such as virtual data rooms can benefit your business.Read More
At SecureDocs, our employees come from a variety of experiences and backgrounds, each with a unique set of skills and talents that align with our overall mission of providing simple, smart document management solutions.
We’re proud of the team we’ve assembled, and we think it’s about time you get to know the people that are innovative, agile, and committed to fulfilling the needs of our customers.
This month we’re catching up with Lorien Maxwell, Manager of Sales and Customer Success at SecureDocs. With almost 15 years of experience in sales and customer service, Lorien plays a critical role helping SecureDocs clients make the most of their virtual data rooms.Read More
Established markets such as healthcare are looking increasingly vulnerable to disruption, with blue chips like CVS facing fresh challenges from smaller, more agile startups. These startup organizations disrupt the value chain by focusing in on one part of the chain, either excluding or outsourcing other parts to established businesses.Read More
Whether you are using your virtual data room (VDR) for an upcoming financial transaction or as a corporate document repository, it is important to consider who needs access to your data. Having the appropriate permissions established ahead of time will allow your business transactions to move smoothly and prevent unnecessary hiccups that could ultimately delay a deal. Below are some of the primary groups who will need access to your data.Read More
With new technologies and discoveries advancing at a rapid pace, the life sciences sector is hotter than ever before. Biotech, pharmaceutical, and medical device companies need to make sure that their fundraising, innovation, and strategic partnership efforts are conducted smoothly and at maximum efficiency.
To share their sensitive financial documents and intellectual property data, many life science companies make use of a virtual data room: a secure online repository for storing and sharing private, confidential information with various parties.
In this article, we’ll discuss 4 reasons why virtual data rooms are an excellent investment for life science companies.Read More
Mergers and acquisitions are some of the biggest events in business, with the potential to shake up entire industries. Companies engage in M&A deals for a variety of reasons: gaining access to new technologies and markets, getting a leg up over their competitors, expanding along their products’ supply chain, and more.
Now that we’re firmly into the second half of 2019, it’s a good time to take a look back on what the first half of the year held for M&A deals. In this article, we’ll discuss some of the biggest M&A events in the first half of 2019 and take a look at what’s coming in the remainder of the year.Read More
Meticulous record keeping and an organized data management system are imperative to running a business successfully. Of course, there are also a number of instances throughout the life of a business during which a company will be called upon to furnish some of their records and documentation. This kind of massive data exchange is probably most commonly associated with a transaction-related due diligence investigation. Given the extent of data sharing required during any due diligence process, a coherent document retention and management system will prove critical to sealing the deal. Here is how to organize your virtual data room to ensure your company is adequately prepared for due diligence:Read More