NEW YORK, Feb. 25, 2016 /PRNewswire/ -- Counselytics, a best-in-class legal analytics company announces a strategic partnership with SmartRoom™, an award-winning, cloud-based deal management solution for secure document exchange, and BMC Group. SmartRoom is used by financial and legal professionals for due diligence, M&A deals, portfolio management, fundraising, post-merger integration, and secure document collaboration.
Counselytics uses the world's most sophisticated artificial intelligence technology to analyze, organize and manage important data inside documents. Fortune 500 companies, top banks, hedge funds and some of the world's most successful entrepreneurs trust Counselytics to facilitate and improve their important business processes. Counselytics was founded by a former Cravath attorney and a Cambridge computer scientist, and is backed by a world-class group of investors, including Joe Lonsdale's Formation 8, Gavin Solotar - a former Greenhill General Counsel and Wachtell Lipton Corporate Partner - Metamorphic Ventures, Great Oaks, and former Founders Fund partner Bruce Gibney.
SmartRoom supports both buy-side and sell-side deal owners with faster, more efficient and more secure collaboration capabilities, and provides subject matter expertise in supporting Pre-IPO and IPO transactions. SmartRoom provides secure file sharing between mandated deal parties and does not allow unauthorized forwarding, downloading or printing of shared files – a critical security measure for highly sensitive deal handling.
"We are excited about the strategic partnership with Counselytics," said Jeff Kalina, executive vice president of BMC Group's SmartRoom division. "This partnership will allow the BMC Group client base to use leading edge cognitive legal intelligence to automatically provide provisions during due diligence and help with post-transaction integration and management. Additionally, SmartRoom technology and services makes it easy for Counselytics clients to be up and running in real-time – enabling them to keep up with the demanding pace of corporate transactions."
SmartRoom is a powerful cloud-based deal management solution for due diligence, M&A deals, portfolio management, fundraising, post-merger integration, secure document collaboration, restructuring, legal settlements, and medical records analysis. SmartRoom, owned by BMC Group, Inc., is available in nine languages, and is accessed in over 50 countries. There are over 20,000 organizations and 250,000 users who have utilized a SmartRoom. Over $300 billion in transactions have been managed using a SmartRoom.