Datasite wins HKB Technology Excellence Award for its M&A platform
The platform and its applications make managing the M&A process more efficient and effective.
Leading SaaS-technology provider Datasite has been named a Fintech leader in Mergers and Acquisitions (M&A) by Hong Kong Business magazine at the recently concluded HKB Technology Excellence Awards. Datasite was recognized for its innovative platform and applications, which help dealmakers simplify, streamline, and accelerate M&A.
Now in its second year, the awards laud enterprises that take the leap and lead in engineering trailblazing projects, virtual services, reconstructed strategies, and technological innovations.
With its and Datasite Outreach™ and Datasite Diligence™ applications, which help dealmakers market assets for sale and manage the due diligence process, Datasite has steadily increased its market share. In 2019, the company’s revenue rose by more than 30% as it facilitated close to 10,000 deals annually.
Dealmakers in more than 170 countries, many of whom operate in Hong Kong, manage their deals using the Datasite platform, including 74 of the top 100 global legal firms, as well as the top 20 global financial advisory firms in 2019.
From new product launches, to cutting-edge advancements and innovative features, Datasite is laser-focused on serving its M&A customers’ needs. Their pain points drive Datasite’s continuous product innovation, effectiveness, and dynamism.
Recent enhancements to Datasite Diligence™, including the use of artificial intelligence (AI) and machine learning to automate time consuming tasks and an integrated redaction tool, are the key reasons why so many mergers and acquisitions (M&A) clients turn to Datasite to manage their most sensitive transactions.
The Datasite application enables the upload and review of hundreds of thousands of files by an AI engine, trained on three million deal documents, and boasting an M&A vocabulary of over 400,000 words. The technology not only drives an increase in deal volume, but also supports faster deal-to-market capabilities for users.
Datasite’s integrated redaction tool is another example of how the company continues to revolutionize the way professionals conduct M&A. The app provides a cost-effective and efficient way to streamline the preparation of critical documents, allowing users to efficiently redact and un-redact commercially sensitive or privacy-related information throughout the due diligence process. This saves 60% of the time needed to prepare confidential documents for M&A transactions, bringing deals to the market faster without the risk of information leakage.
Moreover, Datasite also introduced Datasite Outreach™ to accelerate creditor or buyer outreach. The application has steadily gained traction in APAC markets, especially in Hong Kong, as it makes it easier for investment bankers and advisors to perform outreach to potential buyers, manage creditors, track buyers, and email hundreds of prospects quickly.
Additionally, the application can provide a history of buyer activity and analytics to help target the right buyers and minimize diligence cycles for a company. It has also helped to convert several trial customers into full customers thanks to its convenient interface, efficient processes, and ability to help users market an asset in half the time.
The HKB Technology Excellence Awards, presented by Hong Kong Business, was held via video conferencing throughout the month of September.
This year’s nominations were judged by a panel consisting of Gilles Alexandre Salansy, Partner, Accounting and Outsourcing at Mazars Hong Kong; Jason Yau, Partner, Technology and Management Consulting at RSM Hong Kong; Douglas Kwan, Partner, Assurance and Advisory Services at SHINEWING (HK) CPA Limited; Steve Lo, Partner and Asia-Pacific Chief Innovation Officer at Ernst & Young; and Loretta Fong, Partner and Telecommunications Leader at PwC Hong Kong.
If you would like to join the 2021 awards and be acclaimed for your company’s exceptional technological innovations, please email Julie Anne Nuñez at firstname.lastname@example.org