Secure Business M&A with Software for Secure Business M&A
As mergers and acquisitions (M&A) accelerate around the world security is more important than ever for businesses. If confidential information is disclosed during M&A due diligence or in post-M&A operations, the stakes are high.
The good news is that the right software can help M&A CIOs in ensuring the integrity of data, ensuring compliance, and defending against the risks associated with M&A activities. This is why they need the right data room software that integrates several digital tools into a single integrated platform that allows for simple uploads of files and single sign-on. It also offers comprehensive auditing and reporting which helps compliance teams maintain control of their data and prevent accidental disclosure.
Virtual data rooms are a great method of managing the M&A process, from due diligence through post-M&A integration and operations. VDRs permit users with access to read comments, share, and even comment on sensitive documents, without risk of leakage. They also let users create activity reports, which reveal who has read or accessed specific pages of documents. These reports will deter bad actors from leaking data because they can trace them back to specific users. These reports also allow M&A CISOs to evaluate the level of interest from potential buyers or investors.
Many M&A transactions are founded on intellectual property. Life science companies, for example depend on virtual data rooms to handle everything from the results of clinical trials and HIPAA compliance to licensing IP as well as storage of patient files. In the course of M&A due diligence, it is normal for companies to have to submit and review large amounts of documents. This can be a labor-intensive and time-consuming process for both the company being acquired and the buyer. A VDR lets you share all this information securely and efficiently.
M&A is a complex business process that can pose significant security risks, irrespective of the industry. The M&A team must understand the potential risk from competitors, cybercriminals and disgruntled employees during the operations and integration phases of the M&A lifecycle. These risks could include malware, unauthorised access to systems and networks or systems, sabotage, and various forms of disruption that can harm the M&A value proposition.
M&A can be profitable and rewarding business experience when you have the best cybersecurity solutions. M&A offers businesses a great opportunity to increase their global footprint and enhance their value. To ensure that this value isn’t compromised, a focused cybersecurity strategy should be datarooms.in in place prior to any transactions begin. To learn more, download our free guide, Cybersecurity for M&A from the M&A Playbook. Todd Thiemann is director of product marketing at ReliaQuest GreyMatter, a Security Operations Platform that can make cybersecurity a reality through M&A, delivering transparency, removing the complexity of multiple security stacks and managing the risk and uncertainty so that your company can achieve its objectives.
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