Virtual Data Rooms (VDR) have transformed the way M&A takes place, providing both security and convenience to the transaction. With the now extensive capabilities VDRs offer, from document management, audit trails, detailed user permissions and Q&A functionality, to advanced reporting, and in some VDRs AI-based redaction, the VDR is an essential element of nearly all...

The deluge of data in the last decade The massive increase in data over the past decade has significantly impacted the Due Diligence process in M&A. The volume of data that companies now have related to operations, customers, financials, etc. has exploded. This means more data to collect, process, and analyse during Due Diligence. The...

AI redaction needs to be accurate (read more), automatic (read more), and easy to use. However, all these features are worthless if you can’t rely on the redaction to be securely implemented. You need to have the confidence that the people viewing the redacted documents can’t see what has been redacted, unless they are permitted....

Last week, we addressed the challenge of achieving perfect accuracy in automated redaction. We emphasised that even with the most advanced technology, perfect recall and precision are not feasible, despite what some vendors may claim. Contrary to the practice of other vendors, we like to be open about our accuracy statistics, and you can read...

In our previous blog post we discussed how advanced AI technology – driven by Large Language Models – can be used for automatic redaction of sensitive information. We mentioned that very high accuracy can be achieved with such technology. In this post we will show that the latter is indeed the case. Recall We already...

Technology deep dive (but don’t be put off if you are a non-technical person, we will keep it high-level) Last week we discussed how time limits and the likelihood for error make manual redaction very challenging, and why even automated redaction is a difficult nut to crack, at least with traditional search methods, and “Regular...

Time and error Redacting documents can be time-consuming, particularly when dealing with a large volume of documents or complex information. Time pressure can arise due to impending deadlines, or the need to share information quickly while ensuring data privacy. When there isn’t enough time allocated for redaction, there is an increased risk of errors. We’ve...

During M&A Due Diligence, prior to releasing all information to the buy-side, sellers often need to redact certain sensitive information to protect confidential or proprietary data (see part 1 of our series – Why redaction is so important). Even with smaller sized transactions, the redaction process can be a lengthy and painful task which can...

Redaction plays a crucial role in due diligence by protecting sensitive information and ensuring compliance with privacy regulations. By effectively redacting sensitive information, the due diligence process can proceed smoothly and securely, enabling mitigation of potential risks. The importance of redaction during due diligence CONFIDENTIALITYMultiple parties such as potential investors, acquirers, or legal advisors may...