Drooms in the news

04 December 2017 Finance Monthly

How AI is learning the language of finance

Q, the first cinema robot appeared in The Master Mystery in 1919. Ever since then we have seen fictional automatons of various shapes and sizes wreak havoc on the human race.

16 November 2017 IT Pro Portal

The growing importance of machine learning in real estate transactions

The European real estate sector continues to flourish in regions such as the UK and Germany, despite strong and unpredictable economic and political headwinds. Successful transactions depend on high quality and detailed due diligence, but competition for the most lucrative deals can sometimes lead organisations to compromise on this stage of the process.

25 October 2017 Wealth & Finance

Artificial intelligence is empowering financial experts, not replacing them

When in 1950 mathematician Alan Turing asked ‘Can machines think?’ he did not imagine that this question would trigger decades of research and the rise of an entire new market. Yet, in 2014, Google invested US$400 million in artificial intelligence (AI) startup DeepMind. Although AI still conserves an aura of otherworldly technology bound to take over pretty much everything, a new trend is emerging which improves interactions between humans and machines – augmented intelligence.

19 October 2017 Digital Journal

Drooms expands global presence in M&A sector

Drooms, Europe’s leading provider of virtual data rooms, is expanding its M&A team internationally. Alexander Groß (40) who joins the Corporate Finance and M&A team will look after German M&A market customers as well as operating at an international level in Eastern Europe, Turkey, the Middle East and North Africa.

17 October 2017 IT Pro Portal

Investors look to the cloud to improve deal flow management and due dilligence

The goal of technology in the investment world is to automate and make use of smart machines so that all stakeholders can spend their time on executing strategic and meaningful tasks.

12 October 2017 CCR Magazine

Virtual data room Drooms NXG now also available as a browser version

Drooms has expanded access options for its virtual data room Drooms NXG. Data room projects can now be accessed via a browser as well as from desktop and mobile applications. The browser version is now available without the need for any pre-installed plug-ins so that customers can enjoy unrestricted access whenever they like.

04 October 2017 Finance Monthly

Drooms: The biggest M&A blunders and how to avoid them

By their nature, M&A transactions are challenging at the best of times – never mind during periods of political and economic uncertainty. History is littered with unsuccessful deal-making that more often than not leads to poor staff retention rates, buy side write-downs, divestment, dissolution and/or bankruptcy. Typically, failed transactions are caused by a culmination of different issues. So what are some of the major industry pitfalls that merging parties ought to be aware of?

24 August 2017 Finance Monthly

Managing buy-side due diligence in smaller transactions

When M&A deals are smaller, transaction costs for the acquirer are generally high and can easily exceed 20% of the purchase price. This is usually due to discovery and compliance costs, which are applicable to every transaction, no matter what size it happens to be.

21 June 2017 Solicitors Journal

March of the robots: The rise of artificial intelligence in the legal profession

Replacing time-demanding manual work with AI that allows analysts, sellers, and buyers – and their lawyers – to focus on executing more strategic tasks is the future.

02 June 2017 Banking Technology

Implications of triggering Article 50 on London’s banking sector

Article 50, triggered just nine months after Brexit was officially announced, will give the UK exactly two years to strike a deal with the EU concerning its departure from the economic and trading bloc.