Ask anyone responsible for Data Subject Access Requests (DSARs) and they will tell you their biggest challenge is responding to them in time. And no wonder. Searching through vast amounts of information sources to locate and extract the data specific to the subject, while responding within the statutory 1 month, is a race against the clock. Failure means having to ask for an extension or suffer the prospect of penalties imposed by the regulator.
See how this Biopharma company leveraged Venue to expedite their deal process, under the highest levels of security.
“When you have multiple potential buyers asking hundreds of questions every day, being able to easily upload and share the right information with the right people in a virtual data room is key to a smooth transaction. Several of the parties involved were already familiar with the Venue platform. We all felt very comfortable with the security and efficiency of Venue.”
Dr. Enoch Kariuki
Synthorx
Venue Virtual Data Room allowed Workfront to stay one step ahead of the deal process.
See how popular project management company, Workfront, accelerated their due diligence process and closed their deal faster.
"Filling in specific diligence requests is a lot easier when you have a running head start, and DFIN made it cost-effective for us to have their data room, Venue, at the ready. I'm grateful to DFIN for helping us to get the deal done."
Steve Holsten, General Counsel and Secretary, Workfront
I’ve been in the financial industry a long time. Some may disagree, but I believe in transparency. I believe it enables businesses, organizations—and governments—to work better, together.
The financial due diligence process is critical to the success of a merger or acquisition, and there's a lot more to the phrase than you might think. Review the transaction details of M&A due diligence to make sure everything is on point to happen by the timetable of the deal.
Mergers and acquisitions promise to create value for the business, but they are only truly successful when there is an integration practice after the fact. Bringing together two distinct organizations often means there are cultural and operational differences that must be overcome to prevent friction and get the newly formed enterprise off on the right foot. With the right processes in place, companies undergoing a merger can ensure a smooth transition into the future, avoid unnecessary complications and maintain a high level of morale among the rank-and-file.
The adoption of technology for M&A due diligence has already been on the rise since the pre-Covid times. The Covid-19 global pandemic has forced dealmakers globally to accelerate the adoption of technology such as drones, cloud-computing and AI to enable virtual due diligence. A growing number of M&A professionals understand and appreciate the benefits of technology for their transactions, and advanced technologies such as cloud-based solutions is now allowing 24/7 access to crucial deal documents from anywhere in the world.
Venue’s Data Vault empowers teams to share sensitive materials internally and with third parties in a secure, cost-effective environment. Whether you’re managing your content in between deals, or collaborating with external partners, Data Vault makes it easy to upload, store, manage, and monitor access to your company’s confidential files with industry-leading technology.
Data Vault is ideal for any organization that wants to manage their files with the highest levels of security, usability, and efficiency:
Dr. Enoch Kariuki’s impressive professional journey started as a pharmacist followed by a post-doctoral fellowship at Bristol-Myers Squibb. After his time at BMS, he earned an MBA from the Tuck School of Business at Dartmouth College and went on to work on Wall Street as an investment banker and private equity executive in the area of life sciences. Throughout this period, he had come to know and rely upon DFIN’s Venue virtual deal room platform, which is why in 2018, as Senior Vice President of Corporate Development at biotech Synthorx, Dr.
The COVID-19 pandemic has presented novel challenges to email and data security and access management, accelerating extant enterprise concerns ranging from credential theft and spoofing to phishing and click-jacking, as more employees operate in distributed working environments. This shift has not only made developers of videoconferencing and collaboration tools enticing acquisition targets, but the vendors behind data privacy & security platforms as well.