Devensoft's latest release of its flagship SaaS M&A Cloud solution includes new and enhanced capabilities to further help companies manage the complexity of mergers and acquisitions and improve M&A outcomes.
CHANTILLY, Va., April 13, 2016 /PRNewswire/ — Forward thinking companies are abandoning their outdated tools and spreadsheets for a more efficient and collaborative approach. The Devensoft M&A Cloud solution allows acquirers to easily track and share information on targets, conduct due diligence, plan and execute integrations, track financial performance, and manage documents all under one roof.
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"We are seeing an increasing number of companies that want to move away from spreadsheets and clunky emails to a multi-user solution that allows teams to more effectively manage their M&A process," said Nick Perdikis, CEO, Devensoft. "This trend is being fueled by the high volume of M&A transactions in the market, coupled with a highly competitive environment. Companies need to close deals quickly before competitors have a chance to wage a bidding war. We are seeing this play out in the hospitality industry. Our goal is to remove the obstacles that slow down the acquisition and integration process so that M&A teams can do their jobs effectively."
According to recent survey findings published by KPMG titled "U.S. executives on M&A: full speed ahead in 2016," the top critical success factors most important for deal success are:
- A well-executed integration plan
- The correct valuation / deal price
- Effective due diligence, including real-time data and analytics
- Positive economic conditions
http://www.devensoft.com/u-s-executives-on-ma-full-speed-ahead-in-2016/
"At Devensoft, we are witnessing a tipping point in how leading companies manage their M&A process," said Nick Perdikis. "We hear time and time again that generic CRM tools are simply inadequate to track the complexities of an M&A deal. With the release of V16, we have defined a whole new category of software we call Deal Relationship Management. In essence it's CRM for M&A. It addresses the needs of corporate development teams throughout the entire deal life cycle, from target tracking, due diligence management to deal signing. Priced on a per seat subscription basis, companies can begin with a starter pack and add seats as deals progress through the pipeline and adoption increases in the organization."
The Devensoft M&A Cloud solution addresses KPMG's top three critical success factors responsible for deal success. V16 incorporates numerous enhancements and new features including:
- Enhanced activity tracking for every Target
- Role-based landing pages to ease adoption and simplify usability
- Due diligence management to capture findings and action items
- Financial tracking with plan, actual, and multiple forecast snapshots
- Real-time analytics with Qlik Sense
- Overall usability improvements across the entire platform
V16 will launch May 1, 2016.
About Devensoft
Deven Software (Devensoft) is exclusively focused on bringing its innovative M&A Cloud solution to corporate development and post-merger integration teams around the world. Devensoft offers EMA-Transact, EMA-Integrate and EMA-Integrate Plus in a secure SaaS cloud environment or on premise. For more information on Devensoft and the EMA suite of products, please visit http://www.devensoft.com. Product briefings are available by contacting us at sales@devensoft.com or 855-DEVENSOFT (855-338-3676).
Contact:
Thomas Bowen
855-338-3676