Ansarada Launches 'Secure Office' To Aid Secure Document Management
FREMONT, CA: Ansarada, a provider of virtual data rooms (VDRs) used to simplify the mergers and acquisitions (M&A) process released Secure Office, a new feature for efficient document review. The feature effectively eliminates the hurdle of using read-only PDF or image files, facilitating bidders to utilize Microsoft Office files in their native programs. The solution is compatible with the latest versions of Microsoft Word, PowerPoint and Excel.
With ‘Secure Office’, sellers have the authority to deploy strict security controls, for instance, deactivating any feature remotely, views tracking capability, or the function of disabling entire documents in the real time. Bidders can also implement some modifications in the documents, such as adjusting formulas to “stress-test” financial models in Excel.
“Things happen fast during M&A due diligence and small barriers to workflow can become major roadblocks, leading to frustration and lost time,” states Matthew Brown, Chief Product Officer, Ansarada.
Current solutions in the marketplace have adopted the security services which are based on the ease of use, installations or custom software viewers and usage of plug-ins. The practice leads to situations in which the bidder’s own company’s IT policies restrict them from opening the documents. Responding to the situation, seller reissues the files, lacking the expected mode of security.
Ansarada’s data room is specifically designed for the process of M&A. The company’s exclusive features include Zero Delays working up to 10 times faster, Zero Loss of intelligence enabling ultimate security with self destruct documents, and Zero Restrictions allowing access to the data room from any device.
“Secure Office is the simplest and easiest way to secure a tranche of Excel files for due diligence. This is just one of many developments Ansarada is rolling out to achieve our goal of zero roadblocks in M&A due diligence,” said Larry Fontillas, Managing Director, Ansarada.