Bowne Announces Major Expansion of Its Virtual Data Room Offering
Press release from the issuing company
NEW YORK, NY, Nov 10, 2005 -- Bowne Financial Print, the world's largest financial printer, leading EDGAR filer and a division of Bowne & Co., Inc., today announced a major expansion of its advanced virtual data room (VDR) offering -- Bowne Deal Room Express. With the success and popularity of the product growing steadily, Bowne now has US document production centers in Los Angeles, Kansas City, Chicago and New York City -- more than any other provider of VDRs. London and Toronto will be added this fall to offer the same VDR production and service set to international clients.
Deal Room Express is a dedicated Web site that provides authorized users with access to an on-line repository of due diligence documents relevant to a particular transaction. It offers ease of use, the highest quality of service, and simple pricing. Deal Room Express eliminates the need for a physical deal room where buyers, attorneys, accountants and others would gather for extended periods of time to review documents.
"What's particularly attractive about Deal Room Express is that it's built on open standards that have proven to be easily integrated with our clients' legacy applications and databases," said Erika Craven, Vice President, Strategic Marketing, Bowne Financial Print. "The consistent feedback we have received from many users who have used Deal Room Express is that we have a simpler, more intuitive interface than anything else currently available on the market."
"Clearly, a huge factor in this product's success was our partnering with The BMC Group, a leading complex document services provider, to deliver the product to market. BMC allows our clients to have the kind of customized VDR experience they want and not an off-the-shelf, one-size-fits-all piece of software," Craven added.
"Deal Room Express enables authorized parties to simultaneously review documents around the clock, while sellers control the process from their own desktops. Encryption software, multiple firewalls, virus detection, and other continually audited measures keep documents secure," said David Crafton, Vice President, Sales and Marketing, BMC Group. "Deal Managers are able to minimize internal disruption, focus on operations, and avoid speculative attention. With Deal Room Express, due diligence can be completed in days instead of months -- without travel expenses, scheduling nightmares and costly delays."
"What's more, many VDRs claim to have simple-to-use interfaces, but few deliver. Deal Room Express hides all the complexity and provides simple navigation and management. Users can add/remove and edit documents and users in minutes. Documents can be read-only, printable or downloadable and tailored to each user, and, for the highest level of security, users can even watermark a document and prevent it from being screen shot," Crafton added.
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