Los Angeles, CA – February 2, 2016 – BMC Group, a leading global provider of financial, legal and corporate information management services, announces a strategic partnership with Counselytics, a best-in-class contract analytics company, as a mutually value-adding service with SmartRoom™, an award-winning, cloud-based deal management solution for secure document exchange. SmartRoom is used by financial and legal professionals for due diligence, M&A deals, portfolio management, fundraising, post-merger integration, and secure document collaboration. Counselytics is a cognitive augmentation platform focused on contract discovery and analytics.
SmartRoom supports both buy-side and sell-side deal owners with faster, more efficient and more secure collaboration capabilities and provides subject matter expertise in supporting Pre-IPO and IPO transactions. SmartRoom provides secure file sharing between mandated deal parties and does not allow unauthorized forwarding, downloading or printing of shared files – a critical security measure for highly sensitive deal handling.
“We are excited about the strategic partnership with Counselytics,” said Jeff Kalina, executive vice president of BMC Group’s SmartRoom division. “This partnership will allow the BMC Group client base to use leading edge cognitive legal intelligence to automatically prospect provisions during due diligence and help with post-transaction integration and management. Additionally, SmartRoom technology and services makes it easy for Counselytics clients to be up and running in real-time – enabling them to keep up with the demanding pace of corporate transactions.”
Counselytics brings the power of big data analytics to the universe of commercial agreements. We analyze, organize and manage important data inside of contracts. Fortune 500 companies, top banks and hedge funds and some of the world’s most successful entrepreneurs trust us to facilitate and improve their important business processes. Counselytics’ customers deploy their technology in a variety of contexts – to optimize due diligence, to abstract complicated documents, to analyze new documents and deals more quickly, and to retrieve and organize previously trapped data. Counselytics is based in New York City, was founded by a former Cravath attorney and a Cambridge computer scientist, and is backed by a world-class group of investors, including Joe Lonsdale’s 8 | Partners, and Gavin Solotar, former Greenhill General Counsel and Wachtell Lipton corporate partner, Metamorphic Ventures, Great Oaks and former Founders Fund partner Bruce Gibney.
SmartRoom is a powerful cloud-based deal management solution for due diligence, M&A deals, portfolio management, fundraising, post-merger integration, secure document collaboration, restructuring, legal settlements, and medical records analysis. SmartRoom is available in nine languages, and is accessed in over 50 countries. There are over 20,000 organizations and 250,000 users who have utilized a SmartRoom. Over $300 billion in transactions have been managed using a SmartRoom.
About BMC Group, Inc.
BMC Group, Inc. is a leading global provider of information management solutions. BMC Group clients are leading investment banks, private equity firms, hedge funds, government agencies, insurance carriers, healthcare providers, and Fortune 1000 corporations. With more than 200 professionals throughout North America, Europe, and Asia, BMC Group is committed to service excellence