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        Datasite's virtual data room suite is the best way to manage any due diligence process and share sensitive data. We make sure every aspect of your deal is covered. Our virtual data room consists of four core products that help you and your team automate the entire end-to-end M&A lifecycle.

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        Datasite Prepare accelerates deal preparation with AI indexing, smart categorization, redaction & VDR integration to bring you into due diligence with a click.

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        Take control of your process with Datasite Acquire, the first deal management platform designed just for you. Create a centralized, repeatable process from the comfort of your own VDR.

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        Get a basic understanding of what a data room is and why it's a powerful tool for M&A, as well as many other applications.

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    • New Features
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        Learn about the newest features available to Datasite users. Enable yourself to get M&A deals done faster and easier using the top tools available to dealmakers. Experience the latest innovations from Datasite, where deals are made.

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Datasite Home
October 12, 2020

How Legal Teams Can Overcome 3 Major Buy-Side M&A Challenges

By Steve J. Tie Shue, Sr. Director - Product Marketing

Earlier this year Datasite released our Legal Dealmakers Market Report. Among the most intriguing insights are the unique experiences and challenges faced by buy-side matter teams. Almost 70% report researching potential targets for clients six months or more prior to a transaction closing. Once a target is chosen, legal teams often need to complete due diligence within sixty days.

Three major challenges usually threaten accelerated due diligence timelines:

  • Collaboration – Buy-side legal advisors usually work closely with more than fifteen people to complete due diligence. That’s a large number of stakeholders to keep track of and to keep informed.
  • Oversight – Most legal professionals use Microsoft Office applications like Excel or Word for tracking individual tasks and overall due diligence status. These resources inevitably present limitations related to currency in tracking, version control, and engaging with external deal team members.
  • Reporting – Lawyers report spending at least 2-hours weekly per transaction on legal due diligence management reports. This is often a painful process riddled with piecing together status updates and key insights from disparate sources before spending more time in PowerPoint than ever imagined in law school.

Datasite recently announced a new buy-side solution designed to address these common challenges. Here are three reasons why Datasite Acquire resonates in a particularly profound way for legal advisors seeking productivity gains.

You get to keep your checklist but make it even better

Lists appeal to the core of legal advisory – careful oversight of what needs to get done, disciplined adherence to timelines, and strict accountability of those ultimately responsible for each deliverable. Datasite Acquire allows you to build trackers with real-time access to updates for all members of the deal team. Already have a tried and true checklist template? Simply copy and paste it into our tracker wizard to get the due diligence process started.

You’ll also love the ability to link documents within the buy-side repository directly to individual tasks for others to reference. Ditto for the ease of sorting or filtering information.

Seamless and secure deal team collaboration

Even before the pandemic introduced additional remote work considerations, capturing the attention of other deal team members for a simple status update was never as simple as a walk down the hallway. Datasite Acquire solves for two major buy-side deal team collaboration challenges:

  • First, a streamlined findings tool – permissioned at the user level – allows for ongoing review of key learnings as they are uncovered.
  • Second, in-app document commenting with @mentions allows you to immediately notify specific deal team members when something requires their attention.

These two features combine to net legal teams hours in seamless productivity gains while working securely.

“ ”
capturing the attention of other deal team members for a simple status update was never as simple as a walk down the hallway...
Transaction management insights made easy

Datasite Acquire provides deal teams with management-level reporting on-the-fly. Detailed analytics on findings, tasks, and deal team activity served up upon login – PowerPoint ready.

Much like technology automation and machine learning now allow sell-side legal advisors to bid adieu to their beloved Sharpie for the due diligence task of redaction, Datasite Acquire will have buy-side advisors letting go of Excel checklists and Sharepoint – by choice.

Curious to learn more? Click here to schedule a demo.

Datasite Acquire

Buy-side due diligence has never been more streamlined or secure for legal advisors

Learn more

Legal Dealmakers Market Report

Key insights on workflow challenges and solutions from 450+ legal advisors

Download now

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The ABCs of SPACs and de-SPAC’ed Entities

With the change in market conditions over the last year (increased inflation, interest rates etc.), there is concern that companies who went public via a SPAC in 2020 and 2021 will not be able to continue their business operations due to a lack of free cash flow or will face de-listing because their stock is not in compliance with the NYSE or NASDAQ requirements. These companies may need to explore alternative options, such as rescue capital raises, full company sale to a strategic, bankruptcy, and PE take-private options, etc.

M&A Professionals work on a data room
M&A and digital transformation: Opportunities and challenges in APAC

The pandemic saw a growth spurt in digital platforms. Will the tech sector be able to sustain investor interest in the face of challenging macroeconomic dynamics? Learn more about emerging digital transformation stories from APAC in our expert spotlight blog.

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  • Solutions
    • For Business
      • For Business

        Everything we do is designed to make your life a little easier. To help you get your work done as quickly and as productively as possible. Your deal is our business.

        Learn more
    • For Industries
      • For Industries

        We are Datasite. Creators of momentum, eliminators of doubt and builders of tomorrows. The leading SaaS provider for the M&A industry, we give dealmakers around the world the tools they need to succeed across the entire deal lifecycle.

        Learn more
    • By Need
      • By Need

        The best people. And the best technology – a SaaS platform that works across the M&A lifecycle. However you do your deals. This is the place to make them.

        Learn more
  • Platform
    • Overview
      • Overview

        Datasite's virtual data room suite is the best way to manage any due diligence process and share sensitive data. We make sure every aspect of your deal is covered. Our virtual data room consists of four core products that help you and your team automate the entire end-to-end M&A lifecycle.

        Learn more
    • Data Room
      • Datasite Diligence™

        Datasite Diligence Virtual Data Room (VDR) includes sophisticated analytics, an integrated redaction tool, ironclad security & world-class support with fast setup.

        Learn more
    • Deal Marketing
      • Datasite Outreach™

        Whether compiling buyer lists, or executing outreach activities and managing NDAs, Datasite Outreach is your essential resource for the deal marketing process.

        Learn more
    • Deal Preparation
      • Datasite Prepare™

        Datasite Prepare accelerates deal preparation with AI indexing, smart categorization, redaction & VDR integration to bring you into due diligence with a click.

        Learn more
    • Acquisition
      • Datasite Acquire™

        Take control of your process with Datasite Acquire, the first deal management platform designed just for you. Create a centralized, repeatable process from the comfort of your own VDR.

        Learn more
    • Deal Team
      • Datasite Experience™

        A data room is only as good as the people behind it. We’re your partners for ensuring speed, confidence, and successful results on every transaction.

        Learn more
    • Datasite for You
      • Datasite for You

        The Datasite value is unique to each customer. Tell us a little about yourself, and we’ll propose a solution that drives the greatest ROI for you and/or your client.

        Learn more
  • Resources
    • What is a Data Room?
      • What is a Data Room?

        Get a basic understanding of what a data room is and why it's a powerful tool for M&A, as well as many other applications.

        Learn more
    • New Features
      • What's New in Datasite

        Learn about the newest features available to Datasite users. Enable yourself to get M&A deals done faster and easier using the top tools available to dealmakers. Experience the latest innovations from Datasite, where deals are made.

        Learn more
    • FAQs
      • FAQs

        Questions about Datasite, M&A, or Data Rooms? We have the answers for you.

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    • Insights
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        Close deals, faster, with insights into every aspect of the industry. Read all about the latest M&A trends and best practices. And stay ahead of the game with exclusive analysis from our market-leading M&A software.

        Learn more
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        Stay up to date with the latest developments and innovation in M&A. Join us at one of our live events, and learn something new.

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    • Dealmaker's Circle
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        Help identify the technology needs of dealmakers across the M&A industry. Sign up for the Dealmaker's Circle and shape the future.

        Learn more
    • Data Room Training
      • Data Room Training & Certification

        The virtual data room (VDR) training and certification program is designed for individuals, businesses, and universities alike. Its sole purpose is to help people who are entering the working environment be fully prepared and conversant with one of the key tools they’ll be using.

        Learn more
  • Company
    • About
      • About

        The best people. And the best technology – a SaaS platform that works across the M&A lifecycle. However you do your deals. This is the place to make them.

        Learn more
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        Ready for the next big challenge? Grow your career, and join our experienced global team, transforming the world of M&A software.

        Learn more
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    • Success Stories
      • Success Stories

        Datasite, the maker of Datasite Diligence virtual data room platform, helping dealmakers in more than 170 countries (and every industry) close more deals, faster. See our success stories.

        Learn more
    • Awards & Recognition
      • Awards & Recognition

        The judges agree. Buying or selling. Restructuring or fund raising. Acquiring or divesting. Datasite is the place get you there faster. The best people and the best technology. This is the place where deals are made.

        Learn more
    • Security & Compliance
      • Security & Compliance

        Trust, privacy, compliance and security are central to everything we do at Datasite. For over 25 years you have entrusted us with your most sensitive information. We take this responsibility seriously, continuously investing in industry-leading security across all aspects of our business.

        Learn more
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Datasite provides secure software solutions for managing the full spectrum of financial transactions — including M&A, restructuring & administration, and capital raising. Our intuitive platform offers ironclad security enabling file sharing and collaboration within and across organizations. More than a virtual data room (VDR), Datasite supports advisors and their clients across the entire deal lifecycle with secure collaborative software that shortens timelines for buy-side and sell-side teams from deal sourcing and deal preparation to post-merger integration (PMI) while meeting regulatory compliance — including GDPR and CCPA requirements. As the premiere virtual data room for M&A due diligence globally, Datasite is consistently recognized for breakthrough technologies like our AI/ML-enabled capabilities and automated redaction tools. Beyond due diligence, Datasite provides transaction and document management solutions for investment banks, corporate development, private equity, and law firms across industries.