Brainloop Secure Dataroom delivers Secure Communication for GeMit, Germany's Largest Mezzanine Fund
Subscribe to RSS FeedWednesday, 11. January 2006
Brainloop Secure Dataroom, the virtual document vault for highly secure exchange of confidential business documents, was successfully implemented by Buchanan Capital Group in its GeMit Mittelstandsfondsprojekt. GeMit is Germany's largest mezzanine fund, with a volume of 320 million euro. All complex and highly confidential communication processes during the investment phase were conducted in Brainloop Secure Dataroom. Only authorized persons could exchange and edit confidential documents in the GeMit Dataroom, and thus see exactly who had worked on what document. The Dataroom's role concept defined the access rights of all parties involved.
After Starnberg, Germany-based Buchanan Capital Group had initiated the fund together with its partners DZ Bank and DZ Private Equity Group successfully during the summer of 2004, family owned medium sized companies were looked for who would be eligible for mezzanine capital. Buchanan Mezzanine GmbH, DZ Bank, Euler Hermes Rating GmbH, and legal advisor Clifford Chance as well as 6 qualified investment experts selected the candidates and completed due diligence.
The GeMit funds project participants accessed the dataroom that Buchanan created for each candidate securely through the internet. Brainloop's ASP service is hosted in a highly secure data center operated by Deutsche Telekom. Documents are protected by encryption at all times, during transport as well as during storage. The Dataroom not only provides GeMit with secure and confidential communication, it also provides an integrated audit-trail. After completing the 13 due diligence processes, Buchanan archived the dataroom contents (including audit-trail) on CD-ROM's.
Jan von Hofacker, managing director of Buchanan Mezzanine GmbH and one of the administrators of the GeMit Dataroom summarises his experience: "Brainloop's web-based Secure Dataroom was an enormous assistance for the management of the investment phase of our GeMit I-project. The Dataroom was exactly the secure collaboration environment we needed for the fund partners in this phase. And the logistic needs in future projects that Buchanan has planned for the next couple of years, are even more complex than the first GeMit funds. These can only be accomplished using a highly secure virtual data room."
About Brainloop AG
Brainloop AG, headquartered in Munich, is the leading provider of infrastructure and solutions for managing confidential documents. Brainloop's customers reach important risk-management and compliance objectives by deploying Brainloop Secure Dataroom for boardroom communications, financial reporting, strategic projects and any situation where confidential documents need to be made ubiquitously available to authorized users inside and outside the firewall while being protected from unauthorized access. The Brainloop Secure Boardroom is a variation of the Brainloop Secure Dataroom, especially customized to fit the needs of the directors and the supervisory board members.
Brainloop's customers include Deutsche Telekom, ThyssenKrupp, Galileo Industries, Premiere and Bankgesellschaft Berlin, as well as leading legal and financial services, who use Brainloop Secure Dateroom as an ASP service.
Media Contact Brainloop AG
Brainloop AG
Ulrike Dreischer-Wanner
Franziskanerstr. 14
81669 München
Tel.: +49-89-4444699-0
Fax: +49-89-4444699-99
E-Mail: ulrike.dreischer(at)brainloop.com
Internet: www.brainloop.com
11/01/06 Buchanan Capital Group - GeMit Fondsprojekt
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"Brainloop allows us to quickly exchange highly confidential information, such as current research results, reports and patent registrations with our collaboration partners on a revocable basis."
Dr. Markus Hörer, Director Research & Analytics, MediGene AG