Bowne & Co., Inc. Strengthens Virtual Data Room Offering
Press release from the issuing company
NEW YORK, December 11, 2006 -- Bowne & Co., Inc., a leader in financial, marketing and business communications services, today announced that it has strengthened its virtual data room offering by extending its strategic relationship with service provider BMC Group, Inc. The three-year agreement expands Bowne's virtual data room capabilities to meet the growing needs of dealmakers and other professionals around the world.
A fully secure online environment, Bowne Virtual Dataroom enables remote working groups to review highly confidential transactional documents in real-time, 24/7. The advent of virtual data rooms (VDRs) has lessened the need for physical data rooms where buyers, attorneys, accountants and other subject matter experts traditionally gather, often for extended periods of time, to collaborate. With VDRs, M&A and IPO due diligence and other collaborative processes can take place from any number of remote locations.
"Our clients have been so satisfied with our offering that we thought it prudent to take our virtual data room business to the next level by extending our alliance with BMC," said Richard E. Hyman, Managing Director of Bowne Virtual Dataroom. "Clients value our commitment to confidentiality, customer service and to providing the necessary solutions and tools to help them work more efficiently – and BMC has the best technology and support services available. Together, we look forward to helping our clients execute their transactions most effectively and efficiently."
Bill Penders, President of Bowne Financial Print, added, "Bowne is delighted to further strengthen our relationship with BMC. They've consistently delivered the service excellence that Bowne and our clients expect."
"I can't imagine a better relationship than the alliance we have with Bowne. We're pleased to have the opportunity to continue to deliver to Bowne's clients the highest quality, most user-friendly, virtual data room on the market," said Sean Allen, CEO of BMC.
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