MINNEAPOLIS, Minn. – March 23, 2022 – Datasite, a leading SaaS-based technology provider for global mergers and acquisitions (M&A) professionals, has been recognized by the Business Intelligence Group (BIG) as a winner in its inaugural 2022 Artificial Intelligence (AI) Excellence Awards program. The company received the award for its Datasite Prepare™ application, which uses AI and machine learning to automate the time-consuming burden of identifying, categorizing, and indexing deal documents and artifacts in a virtual data room, in preparation for a capital transaction, such as an acquisition or sale.
The BIG AI Excellence Awards program recognizes organizations, products and people who bring AI to life and apply it to solve real problems. Experienced and knowledgeable business executives judge nominees using BIG’s proprietary and unique scoring system to measure a product’s performance across multiple business domains.
“Datasite continuously innovates to address customer demand for a more streamlined mergers and acquisitions management process, and we’re thrilled to see our efforts rewarded,” said Datasite Chief Product Officer Thomas Fredell. “By using AI to eliminate the mundane and tiring tasks many bankers, lawyers and other dealmakers typically use to manage the deal process, Datasite Prepare does the menial work for them, decreasing burnout and stress, and ultimately leading to faster, more efficient deal execution.”
Dealmakers in more than 170 countries make their deals in Datasite, including 74 of the top 100 legal firms and all the top 20 global financial advisory firms. Over the last year, Datasite facilitated more than a third of the top 100 global deals, including a third of the top 61 US deals, and close to half of the top 25 EMEA deals.
“We are so proud to name Datasite as a winner in our inaugural Artificial Intelligence Excellence Awards program”, said Maria Jimenez, chief nominations officer for Business Intelligence Group. “It was clear to our judges that Datasite was using AI to improve the lives of their customers and employees. Congratulations to the entire Datasite team.”
Datasite was previously recognized as a winner in the 2021 BIG Innovation Awards. In the last 12 months, Datasite has also been recognized for several other awards, including the 11th annual Best in Biz Awards for Enterprise Product of the Year – Financial Software; a 2021 M&A Advisor Award for M&A Product/Service of the year; and two bronze Stevie® Awards for Large Computer Software Company of the year.
To learn more about Datasite, please visit: www.datasite.com
Datasite is a leading SaaS provider for the M&A industry, empowering dealmakers around the world with the tools they need to succeed across the entire deal lifecycle. For more information, visit www.datasite.com
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives having experience and knowledge. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers. For more information, visit www.bintelligence.com
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