Before the days of the internet, sensitive information could be locked up in a cabinet in a vault beneath your company building. As long as no one blew a hole in a wall or could breach extensive personal and corporate security systems, that manilla folder would stay put and no one could see it. You’d know if someone breached security, and you’d know what they saw.
Sensitive corporate information is rarely stored in manilla folders anymore. Employee information, client information, and massive consumer databases full of private information are generally accessible online or in servers. The data is easier to use and manipulate this way. Data breaches are big headlines, and many companies are realizing that they need safe ways to transmit, share, and edit sensitive information from all over the world without letting prying eyes get a glimpse or a download.
The IPO process is one of the most important yet complex events that a growing company will go through. From financial scrutiny by investors, auditors, and regulators to continuous collaboration amongst investment bankers, lawyers, and accountants you must be prepared to manage large amounts of information and accompanying analysis.
2019’s technological climate manifested by the daily pursuit of increasing, streamlining, and maximizing effort is apparent in every industry from small business food trucks utilizing handheld, portable Point of Sales devices, to Fortune 500 companies employing top of the line software developed for specific use within the company. It is without a doubt completely unavoidable, Private Equity sector is no exception.
Forget the seemingly endless back and forth correspondence, unsustainable spreadsheets, and multiple data platforms of old that have been prevalent in the dealings of Private Equity, technology notwithstanding, as the time has come for a comprehensive solution that delivers regardless of demand.
The road to a successful merger and acquisition process, for both sellers and buyers, is arduous and full of bumps, twists and unexpected hazards. It’s all-hands-on-deck for both sides and their legal, HR, marketing/sales, and accounting departments, as well as key team leaders and management.
If you’ve never taken this road before, there’s a number of steps and obstacles that need to be considered. This merger and acquisition checklist will act as your roadmap to navigating the complex process and steps yet to come.
Data breaches are the bank heists of the Digital Age. Yet, they inflict much more widespread damage, dread, and chaos. Their impact is felt both immediately and in the long term. Companies targeted by data breaches can lose as much as 3% of their market value as a result. In some cases, data breaches are only identified weeks, sometimes months or years, later, which gives cybercriminals unfettered access over a long stretch of time.
Each year, the Identity Theft Resource Center compiles a year-to-date tally of “confirmed” data breaches affecting US companies and consumers. This report largely solidifies what we already know: data breaches are rampant. The YTD total for breaches in 2018 (up to September, 30) was 932, for a total of 47.2 million known records reportedly compromised.