"...CapLinked’s FileProtect delivers powerful protection with ease-of-use. Security doesn’t have to come at the expense of the user experience."
Los Angeles, CA (PRWEB) January 15, 2015
Deal management platform CapLinked announced the launch of FileProtect, a powerful security tool that gives companies the ability to control access to documents that have been shared with outside parties. FileProtect is a new technology that enables CapLinked clients sharing sensitive files as part of a business deal to block the opening, copying, and printing of those files when a deadline passes or the transaction ends. And unlike the first generation of digital rights management (DRM) products on the market, FileProtect does not require the use of plugins or software, further cementing CapLinked’s position as the most innovative provider of deal management software.
FileProtect allows administrators to revoke access to Microsoft Office and Adobe PDF files even after they are downloaded by a third-party from a CapLinked workspace. Administrators can also set a future date at which access to any document will be revoked, as well as control whether or not users can print or edit downloaded documents, adding even more security to the deal process. This powerful feature is intended for enterprises working on highly sensitive transactions such as financings, rights sales, asset-backed securities, and mergers and acquisitions (M&A).
“Legacy DRM providers like FileOpen and EMC require users to install extra software, which creates a frustrating experience for users,” said CapLinked CEO Eric M. Jackson. “This can slow down deals and place an extra burden on IT departments, which is problematic for both sides of a transaction. By contrast, CapLinked’s FileProtect delivers powerful protection with ease-of-use. Security doesn’t have to come at the expense of the user experience.”
Backed by some of Silicon Valley’s most high profile investors—including members of the early-PayPal team, often dubbed the “PayPal Mafia”—CapLinked has grown rapidly by providing a new alternative for managing deals and sensitive projects. Enterprises previously had to rely on email, FTP, and outdated virtual data room systems from the 1990s to manage deals. And while collaboration services like Dropbox, Box, Egnyte, and Huddle provided firms with cloud-based file storage, they aren’t optimized for the security and workflow needs of sharing sensitive information between multiple companies. CapLinked stepped into the void and has grown rapidly as a result.
Since exiting beta two years ago, CapLinked has become the deal management platform of choice for many well known corporations, private equity funds, and financial service firms. Previously disclosed clients include Sunbelt Business Brokers, Kayne Anderson Capital Advisors, Frontier Airlines, Competitive Power Ventures, and Ernst & Young. Customers benefit from CapLinked’s flexible security features, as well as its ability to implement highly customizable workflow solutions. As evidence of its growing influence, the company was recently named #3 on the “Top 100 Startups in L.A.” list published by professional services firm Symmetry50.
DRM technology—which is also frequently referred to as information rights management, or IRM—has seen limited adoption by businesses because it has previously been hard to use and unreliable. With the launch of its plugin-free FileProtect solution, CapLinked is offering enterprise clients a powerful new option for keeping their sensitive information secure without sacrificing the speed and efficiency needed to close fast-moving deals.
Parties interested in learning more about FileProtect or seeing a demonstration are invited to contact CapLinked directly by calling (888) 799-6849 or emailing sales(at)caplinked(dot)com.
CapLinked (http://www.caplinked.com) is a deal management platform that enables clients to securely manage complex business transactions in the cloud. The company was founded by Eric M. Jackson (PayPal's first head of US marketing and author of “The PayPal Wars”) and Christopher Grey (former senior private equity executive and managing director at a subsidiary of Emigrant Bank). Its investors include FF Angel, Peter Thiel, Siemer Ventures, 500 Startups, 7th Rig, and Subtraction Capital. The Wall Street Journal called CapLinked “the go-to place for setting up and closing deals,” and Inc. named CapLinked to its list of “5 Back-Office Tech Innovations.” The company is based in Los Angeles’ “Silicon Beach” area.
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