“Failure to track and maintain critical corporate data costs the industry billions and is a major source of risk and exposure for companies and their boards of directors.”
Philadelphia, PA (PRWEB) November 3, 2010
DDC, leader in Critical Data Management (CDM) solutions, today at the AlwaysOn Venture Summit Mid-Atlantic announced the launch of Radar™, a comprehensive suite of software-as-a-service (SaaS) applications that manage, organize, and share critical data to improve organizational readiness and security of such information.
CDM is a best-practice, covering areas such as compliance, corporate governance, risk management and operational excellence. Users of CDM systems include CEOs, CFOs, General Counsels, Boards of Directors, Investment Bankers and M&A Advisors.
The DDC Radar suite includes six interconnected applications:
- SmartFile™: organize, access and share critical company data
- SmartBoard™: automate communication with boards of directors and investors
- SmartCap™: eliminate spreadsheet cap tables and manage company capitalization
- SmartDash™: create, manage and distribute dashboard reports of key metrics
- SmartContract™: store, report and track key contract information
- SmartVDR™: create and manage a virtual data room (“VDR”)
As a SaaS solution, Radar allows clients secure access to information from any browser at any time, including the Apple® iPad. Radar takes critical documents and information typically stored in disparate locations, from email folders to filing cabinets, and provides a single online access point and an easy to use view of the information. More than document storage, Radar provides a uniquely streamlined document workflow to make working with critical documents faster and easier, such as email reminders and dashboard reports. Data stored in Radar’s applications interconnect with one another so that information stored in one location can be viewed by different types of account users.
Components of Radar have been in production for the past year with users in the US, UK and Canada. SmartVDR and SmartContract are scheduled for release in the first half of 2011. Customers may subscribe to individual Radar modules or the entire suite, depending on the unique needs of their organizations.
Radar’s genesis grew out of the experiences of Farid Naib, Founder and CEO. After selling his last company, FNX, to an international publicly-traded company in Europe, Naib experienced firsthand the practical cost of not having all his critical corporation information readily available. “The acquiring firm needed documents that were located in email folders and filing cabinets across the globe. Since I could not access all the information efficiently, I had to live with a portion of the purchase price held in escrow,” commented Naib. “I knew there had to be a better way to centrally manage this information instead of in various employee email folders, filing cabinets and laptops.”
“Failure to track and maintain critical corporate data costs the industry billions and is a major source of risk and exposure for companies and their boards of directors,” commented Jonathan Kalman, founder of Jaguar Capital Partners and early Radar adopter. “This is a major issue and DDC’s Radar is the first SaaS-based critical data management solution to maintain this information in a meaningful way that reduces risk while saving time and resources.”
To schedule a personalized Radar demonstration or learn about the other SaaS solutions developed by DDC, visit http://www.docdep.com or call US headquarters at 800.872.9394 or DDC Europe on +353 1 449 8709.
DDC creates smart critical data management (CDM) SaaS applications that enable management teams, boards and investors to make better decisions and follow best practices. For more information contact DDC at 800.872.9394 or visit http://www.docdep.com.