Wealth & Finance Finance Awards 2015

Virtual Data Room to Support Cross-border M&A Transactions Drooms allows for the transparent, efficient and secure management of confidential business processes such as commercial real estate sales, mergers and acquisitions, non-performing loan transactions and board communications. LUXEMBOURG is one of the most successful economies in the European Union. The gross domestic product (GDP) per inhabitant is twice as high as the European average, and national wealth is growing at 1-2 percent per year. The financial sector - namely funds, banks and insurances - is to be reckoned responsible for such a positive and steadily growing economic situation producing the 25 percent of the GDP. Tax receipts from the financial branch are accountable for between 24 and 32 percent of the national budget. This also entails risks for Luxembourg, as the financial service sector is undergoing relevant changes in the regulatory and supervisory framework, though predictions for the future of the country are positive. The market in Luxembourg is nowadays to a great extent globalised, in that many international companies have subsidiaries there. Moreover, the national legislator has passed laws aimed to facilitate the legal framework for cross- border mergers and acquisitions. If transnational deals are at the core of Luxembourg financial strength, it is crucial for deal players to make sure transactions run smoothly. Technology plays a key role in bringing the efficiency of the market forward, although its contribution is often underestimated or even forgotten. In this context, Drooms’ secure virtual data room ensures that players work seamless, fast and efficiently, no matter where they are. In other words, by accompanying cross-border transactions, Drooms contributes to strengthening the role Luxembourg already plays in the global financial scene – that of a strong pro-business economy. The advantage of digitalisation in comparison with physical data room storage is clear in that shareholders do not need to travel to work on documents: they can access them from their office by using Drooms’ highly secure application. The high-performing load speed of documents allows for the fast reviewing and processing of information. Also, the latter is stored in German and Swiss servers in compliance with the highest EU data protection standards. Moreover, the intuitive and structured Q&A process provides the users with expert answers, covering all European languages, at any time of the day. Drooms’ competitive advantage lies in all these elements, providing transaction managers with a tool that improves their work and, most of all makes free time. About the Company Founded in 2001 by M&A and legal experts, the software provider facilitates highly secure access to confidential documents, as well as the ability to exchange them safely with third parties beyond company firewalls. Drooms is a leading provider of secure cloud solutions in Europe. If transnational deals are at the core of Luxembourg‘s financial strength, it is crucial for deal players to make sure transactions run smoothly. drooms.com