Datasite® Named SBR Technology Excellence Award Winner for Fintech - Mergers & Acquisitions

Datasite technology and tools make M&A management more efficient and effective by automating tasks.

Singapore Business Review (SBR) acknowledges the trailblazing work of firms and companies whose new technological products, services, and strategies over the past two years have been driven by distinction and innovation, success and influence, as well as dynamism,

With these primary points of accomplishment a selection factor, SBR Technology Excellence Awards 2021 has recognized Datasite as a fintech leader for its game-changing mergers and acquisitions (M&A) technology and tools.

Datasite is a leading SaaS technology provider for the M&A industry, whose aim is to empower dealmakers around the world with the tools they need to succeed across the entire deal lifecycle. The company leverages new technologies, including artificial intelligence (AI) and natural language processing (NLP), to automate time consuming and low-value tasks required in managing M&A. For example, one of the most challenging parts of the M&A process is organizing and preparing the files needed for review by potential investors or purchasers. Dealmakers can spends days and weeks reviewing thousands of files to figure out how to organize them and prepare them for a transaction. Datasite's AI-powered tools, such as Datasite Prepare™, help streamline this process, and potentially provide a more efficient and accurate analysis, enabling dealmakers to be more productive. According to Datasite, its customers have seen as much as a 40% reduction in effort and cycle time when performing tasks using its tools.

Datasite has facilitated close to 10,000 global deals a year and has helped dealmakers in more than 170 countries. This includes 74 of the top 100 legal firms and all the top 20 global financial advisory firms. The platform was used in fundraising for several Southeast Asia unicorns and in facilitating Singapore's largest deal in 2020.

Datasite’s innovative platform and virtual data room application, Datasite Diligence™, helped revolutionise the M&A process, reducing the time it takes to prepare confidential documents for M&A transactions by 60%. Additionally, Datasite’s tools allow dealmakers to redact and unredact sensitive words, phrases and images in documents from within the virtual data room (VDR), an important feature as research shows over 75% of deals require redaction. The feature cuts in half the time it takes to redact and un-redact documents and improves M&A management accuracy and security, increasing deal efficiency and regulatory compliance.

Datasite’s other applications help dealmakers manage other areas of the M&A lifecycle. Datasite Outreach™ improves the efficiency and speed of the asset marketing process, while Datasite Acquire™ provides buy-side teams with one secure place to execute M&A due diligence, reducing deal times and sharpening oversight for stakeholders.
 

The Technology Excellence Awards, presented by Singapore Business Review, was held via studio award presentations and video conferencing sessions throughout the second and third week of April.

This year’s nominations were judged by a panel consisting of Daryl Pereira, Head of Cyber at KPMG; Cheang Wai Keat, Partner, Consulting at Ernst & Young Advisory Pte. Ltd.; Henry Tan, Group Chief Executive Officer and Chief Innovation Officer at Nexia TS; Sivakumar Saravan, Senior Partner at Crowe Singapore; Cecil Su, Director, Head of Cybersecurity of BDO Singapore.

If you would like to join the 2022 awards and be acclaimed for your company’s exceptional technological innovations, please email Jane Patiag at [email protected].