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Donnelley Financial Solutions Deepens eBrevia Partnership Through Strategic Investment, Further Enhancing Venue® Deal Solutions Suite
Donnelley Financial Solutions (NYSE:DFIN) today announced that it has made a strategic investment in leading contract analytics software provider eBrevia. In addition, the companies have established a strategic relationship integrating the sales and development of their contract analytics software and services offering. This relationship enables clients of Donnelley Financial Solutions to securely streamline contract review, reducing the time and resources allocated to the due diligence process.
Donnelley Financial Solutions is a global leader in creating, managing, printing and distributing critical financial business communications to the global capital markets. The comprehensive Venue Deal Solutions suite addresses and streamlines every step of the deal process, making deal teams more efficient. As the anchor product of the suite, Venue Data Room enables clients to securely manage, track and share confidential data within and beyond their firewalls. The partnership with eBrevia will further provide clients increased speed and accuracy when securely accessing and reviewing contracts within a Venue Data Room.
“As the leading service provider to the global deal-making community, and as a new standalone company, we are committed to the continued investment into our advanced technology platforms,” noted Craig Clay, President of Donnelley Financial Solutions’ Global Capital Markets group. “Our investment in eBrevia is a testament to that commitment, as we will continue to build and enhance Venue Contract Analytics to better serve the evolving needs of our clients.”
Developed at Columbia University by a team of data scientists working in conjunction with top M&A attorneys from eBrevia, the company's technology leverages industry-leading artificial intelligence to adapt machine learning and natural language processing technology to extract data from contracts. eBrevia’s cutting edge software extracts concepts rather than key words, ensuring that relevant provisions are found no matter how deeply buried in a long and complex document. In addition to pre-trained concepts, the software enables clients to teach the system to read and extract nearly unlimited categories of information from contracts.
“Dealmakers are continuously looking for innovative and intuitive new technologies to make their diligence process as efficient as possible, yet remain concerned with the security and scale of these providers,” remarked Ned Gannon, CEO of eBrevia. “We are thrilled to grow our relationship with Donnelley Financial Solutions, a leading global financial services provider with a foundation of trust and industry expertise, as we look to further grow our cutting-edge contract analytics offering.”
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