SmartRoom, the leading global virtual data room provider and Nalanda Technology have announced a strategic partnership that will integrate the two technologies.
The integration will allow SmartRoom users to utilise Nalytics to undertake challenging information search and discovery tasks with speed, precision and ease, as well as use Nalytics Artificial Intelligence (AI) technology to automate file review and analysis – significantly reducing the time involved in the due diligence process.
Jeff Kalina, Executive Vice President at SmartRoom said-
We’re excited about this partnership with Nalanda Technology and the value it brings to our customers. The integration eliminates tedious manual work typically involved during due diligence and automates tasks which helps reduce costly risk of human error. As a result, customers will save significant time and money on due diligence. Deal-making will be streamlined and accelerated.”
Margaret Warrington, Product Manager at Nalanda Technology said-
We are delighted to have the opportunity to partner with SmartRoom. Nalytics will offer an extension to the existing capabilities of SmartRoom by enabling users to perform in-depth searching and discovery within their SmartRoom data. The partnership makes total sense as the two platforms complement each other so well.”
SmartRoom’s next-generation virtual data room delivers greater efficiency and bank-grade security for file sharing and collaboration during strategic transactions. SmartRoom has hosted due diligence for over 10,000 transactions totaling $1 trillion in value for Fortune 500 companies and the World’s leading financial Institutions. With renowned service, upload speeds at 5MB’s per second, and the most advanced multi-layered security of any other platform on the market, SmartRoom delivers a virtual data room experience that is second to none.