The firm was recognized for its groundbreaking tech platform, which has revolutionized the way M&A is conducted.
Datasite, a leading SaaS-based technology provider for the mergers and acquisitions (M&A) industry nabbed the trophy in Fintech Financial Services award in the inaugural China Technology Excellence Awards 2020, presented by Hong Kong Business magazine.
Datasite empowers dealmakers around the world with the tools they need to succeed across the entire deal lifecycle.
Top dealmakers from over 170 countries use Datasite to manage their most sensitive transactions. The Datasite platform is made up of a suite of applications, including Datasite Prepare™, Datasite Outreach™ and Datasite Diligence™. The applications allow dealmakers to prepare deals, market assets for sale, and set up virtual data rooms to collaborate and complete due diligence efficiently, effectively and securely.
Datasite Prepare™ provides an automated system for organizing and preparing the files needed for review by potential investors and/or purchasers. Analysts in investment banks, for example, can spend days and weeks reviewing thousands of files to figure out how to organize them and prepare them for a transaction. The application uses an artificial intelligence (AI) engine that can review hundreds of thousands of files and suggest categories, as well as appropriate folder locations. The AI engine is trained on three million deal documents and boasts a staggering M&A vocabulary of over 400,000 words, allowing it to drive an increase in deal volume and support faster deal-to-market capabilities for users.
Datasite Outreach™ improves every aspect of the deal marketing process by creating a more efficient buyer outreach system, simplifying the search for the right buyers for an asset sale. The application optimizes the early stage asset marketing processes for dealmakers and provides a history of buyer activity and analytics to help target the right buyers and minimize diligence cycles for a company. The application has steadily gained traction in APAC markets thanks to its convenient interface, efficient processes, and ability to help users market an asset in half the time.
Datasite Diligence™ is a virtual data room application that helps dealmakers conduct due diligence on strategic transactions, such as mergers or acquisitions, initial public offerings or restructurings. The tool allows users to efficiently redact and un-redact commercially sensitive or privacy-related information throughout the due diligence process, saving 60% of the time needed to prepare confidential documents for M&A transactions. This helps bring deals to market faster without the risk of information leakage.
In China, Datasite’s platform and applications have helped clients prepare deal rooms quickly, in one instance this included the upload of a large amount of deal documents in less than 30 minutes, an action that used to take more than 12 hours on competitors’ platform, and provide critical insights on potential buyers, in one instance, by evaluating multiple bidders’ platform activity to determine interest.
With its new product launches, cutting-edge advancements and innovative features, it’s no wonder that Datasite is trusted by 74 of the world’s top 100 legal firms and the top 20 global financial advisory firms. Moving forward, Datasite remains committed to providing continuous product innovation, effectiveness and dynamism to serve the needs of its M&A customers’ in China and the rest of the world.
Watch the interview below to know more about their winning project:
Do you know more about this story? Contact us anonymously through this link.