SmartRoom, the leading global virtual data room provider and the pioneering search and discovery platform Nalytics, announce a strategic partnership that will integrate the two technologies.
The integration will allow SmartRoom users to utilize Nalytics to undertake challenging information search and discovery tasks with speed, precision and ease, as well as use Nalytics’ Artificial Intelligence (AI) technology to automate file review and analysis – significantly reducing the time involved in the due diligence process.
Los Angeles, CA, December 19th, 2018 – The M&A Advisor announced the winners of the 13th Annual Turnaround Awards on Thursday, December 20th. SmartRoom was named a winner for the Information Management Service of the Year. The awards will be presented at a Black Tie Gala on Thursday, March 28th at The Colony Hotel, Palm Beach, FL.
It’s been a record-setting year for the mergers and acquisitions market globally. Through the first nine months of 2018, the total value of these agreed-upon deals is in excess of $3.3 trillion. That’s a 39 percent increase over 2017 levels according to the Financial Times. But with each merger or acquisition, one of the key questions becomes how is this going to be paid for? Will it be in cash or stock. With merger mania on people’s minds, let’s look at the benefits and risks as well as pros and cons of these payment considerations.
During a merger or aquisition, due diligence is a critical stage in understanding the risks and liabilities the target company or new entity may face. Lawyers, accountants, investment bankers and other experts review contracts, financials and countless other documents to ensure they know all the details about the companies involved so there aren’t any surprises once the deal closes. But due diligence is taking on new characteristics as the internet takes on a prominent role for most businesses.