MINNEAPOLIS, Minn. – November 29, 2022 – Datasite, a leading SaaS-based technology provider for global mergers and acquisitions (M&A) professionals, today announced that it is the winner of the Business Intelligence Group’s 2022 BIG Business Award for Product of the Year.
The recognition highlights the company’s unmatched ability to address many of today’s inefficiencies in managing capital transactions such as mergers and acquisitions (M&A), initial public offerings and restructurings. In particular, Datasite was cited for using artificial intelligence and machine learning in its software applications to eliminate deal friction, minimize time on mundane tasks, support confidentiality and learn from previous experiences in the mergers and acquisitions management process.
“Dealmaking is getting more complex, and knowledge and speed remain paramount to success,” said Doug Cullen, Chief Product and Strategy Officer for Datasite. “Our applications, enabled by artificial intelligence and machine learning, reduce the time-consuming, repetitive tasks by up to 40%, delivering better deal outcomes. We’re thrilled to see our efforts rewarded with this recognition and we’re excited to continue to enhance our applications and capabilities so that dealmakers get their deals done more efficiently and effectively.”
Dealmakers in more than 170 countries make their deals in Datasite, including 21 of the top 25 legal firms and all the top 20 global financial advisory firms. In 2021, Datasite facilitated more than a third of the top 100 global deals, a third of the top Americas deals, and nearly half of the top EMEA deals.
In addition to this award, earlier this year Datasite was named the silver winner for enterprise product of the year in the financial software category in the 10th annual Best in Biz Awards International 2022; a gold APAC Stevie Award for Innovation Technology Development – Financial Services Industries, a bronze Stevie Award for Datasite Prepare - Fintech Solution, a BIG Artificial Intelligence Excellence Award and a Best in Biz Awards - Enterprise Product of the Year - Financial Software.
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
5W Public Relations