StarCite Leverages DDC Radar to Facilitate Critical Data Management Best Practices
Philadelphia, PA (March 9, 2011) — StarCite, the global leader in on-demand meeting management, selected DDC Radar™, the comprehensive suite of SaaS applications for Critical Data Management, to facilitate board communication and improve the management of sensitive corporate documents and information.
Critical Data Management (CDM) encompasses compliance, corporate governance, risk management and operational excellence, ensuring that the documents central to business operations are organized, actionable, available and protected. Addressing CDM early on helps emerging growth companies achieve higher valuations and ultimately larger exits as a result.
As a rapidly expanding organization, StarCite recognizes the importance of following best practices in CDM. With over 400 clients and 5 locations in multiple countries, StarCite needed a solution for organizing and securing critical corporate documents and a more efficient way to communicate with its board of directors.
“StarCite has a number of complex documents we need to track and grant access to. We also want a better way to share information with board members who are located across the United States,” said Pete Zografakis, StarCite’s General Counsel. “Radar’s document summaries and intuitive document categories make finding information fast and easy.”
Radar provides a single, easy-to-use online access point to critical information typically stored in disparate locations, such email folders and filing cabinets. Radar reduces the need to call materials up from paper storage and sift through email to confirm which electronic copy is the final version. More than document storage, Radar intelligently files information and makes documents actionable via information summary forms, email reminders, dashboard reports and other workflow. Add-on Radar modules facilitate boardroom and investor management and communication and track capitalization table evolution and option grants.
StarCite learned about Radar from international law firm, Morgan Lewis and Bockius, who recommends Radar to clients as a CDM best practice. Morgan Lewis clients receive a special Radar subscription rate and can have Morgan Lewis deposit agreements and documents directly into their Radar accounts, replacing the need for insecure email and expensive hard copy distribution.
“DDC Radar complements Morgan Lewis’ services to venture-backed and emerging growth clients,” said Steven Cohen, Partner at Morgan Lewis and co-manager of its Emerging Business and Technology Practice. “We believe that Radar provides tremendous value in addressing the investor communication and document management challenges that face our clients.”
“We are extremely pleased to be helping Morgan Lewis clients employ best practices for document and asset management, helping them be better positioned for growth or exit and receive higher valuations in the process,” added Farid Naib, Founder and CEO of DDC.
For further details and to schedule a personalized Radar demonstration, visit DDC’s website at http://www.docdep.com/radar or call 800.872.9394.