RR Donnelley Streamlines Due Diligence With the Launch of Venue(R) Contract Analytics
October 22 2015 - 5:30AM
R. R. Donnelley & Sons Company (Nasdaq:RRD)
today announced a further enhancement of the company’s Venue®
virtual data room solution to provide clients seamless access to
top-of-the-line automated contract review and diligence
acceleration software. Venue contract analytics provides deal teams
increased speed and accuracy while securely accessing and reviewing
contracts directly from a Venue virtual data room.
Venue virtual data room is one of the fastest-growing offerings
of RR Donnelley's comprehensive Financial Services Group and is
used by legal and financial services professionals to accelerate
and streamline business processes related to M&A due diligence,
IPOs, Securities and Exchange Commission filings and fundraising
activities. Venue virtual data room is a highly secure, globally
accessible online platform for the exchange and storage of critical
information inside and outside of an enterprise, in order to
streamline collaboration and workflow management.
“As a leading service provider to the global capital markets, we
know that reducing time and increasing efficiency is top of mind
for all our clients, and especially our virtual data room users,”
noted Craig Clay, Executive Vice President of RR Donnelley’s
Financial Services Group. “Venue contract analytics will not only
enhance the accuracy of the contract review process, but will
enable clients to complete the due diligence process much more
quickly.”
Leveraging artificial intelligence capabilities from technology
provider eBrevia, Venue contract analytics automates the contract
review process, allowing law firms and corporate legal departments
to more efficiently, accurately, and cost effectively extract and
summarize key provisions from legal documents. Using natural
language processing technology to extract concepts rather than key
words, Venue contract analytics identifies relevant contract
provisions even in lengthy and complex documents offering clients
speed and accuracy during the due diligence process.
“The Venue virtual data room is one that financial and legal
professionals know and trust, so we are very excited to support
Venue virtual data room users with our cutting-edge contract
analytics capabilities,” said Ned Gannon, Chief Executive Officer
of eBrevia.
About RR DonnelleyRR Donnelley (Nasdaq:RRD)
helps organizations communicate more effectively by working to
create, manage, produce, distribute and process content on behalf
of our customers. The company assists customers in developing and
executing multichannel communication strategies that engage
audiences, reduce costs, drive revenues and increase compliance. RR
Donnelley’s innovative technologies enhance digital and print
communications to deliver integrated messages across multiple media
to highly targeted audiences at optimal times for clients in
virtually every private and public sector. Strategically located
operations provide local service and responsiveness while
leveraging the economic, geographic and technological advantages of
a global organization.
For more information, and for RR Donnelley's Global Social
Responsibility Report, visit the company's web site
at http://www.rrdonnelley.com.
Use of Forward-Looking StatementsThis news
release may contain "forward-looking statements" within the meaning
of Section 21E of the Securities Exchange Act of 1934, as amended,
and the U.S. Private Securities Litigation Reform Act of 1995.
Readers are cautioned not to place undue reliance on these
forward-looking statements and any such forward-looking statements
are qualified in their entirety by reference to the following
cautionary statements. All forward-looking statements speak only as
of the date of this news release and are based on current
expectations and involve a number of assumptions, risks and
uncertainties that could cause the actual results to differ
materially from such forward-looking statements. Readers are
strongly encouraged to read the full cautionary statements
contained in RR Donnelley's filings with the SEC. RR Donnelley
disclaims any obligation to update or revise any forward-looking
statements.
Media Contact: Phyllis Burgee, Director Communications: Tel: +1 630-322-6093 E-mail: phyllis.burgee@rrd.com
Investor Contact: Dave Gardella, Senior Vice President Finance: Tel: +1 312-326-8155 E-mail: david.a.gardella@rrd.com
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