For more information about Luxoft, visit www.luxoft.com www.luxoft.com/financial-services/
case study 26.09.2012
Virtual Data Room (VDR) Summary Develop and deploy a secure, controlled-access virtual data room (VDR) to facilitate due diligence in Mergers & Acquisitions (M&A), Initial Public Offerings (IPOs), and audit transactions.
uu Client: A leading financial print and media company in the UK uu Business Area: Mergers and Acquisitions, IPO, Audits uu Technology Set: ASP.Net 3.5, MS SQL Server 2008, Adobe LiveCycle DRM, Reporting Services, Windows 2008 Server 64 bit, Clustering uu User Profile: Financial Consultants, Auditors, 500+ users uu Geography: UK, Europe uu Relationships Status: Ongoing uu Services Provided: Full cycle: Business analysis, development, QA/ testing, maintenance, production support uu Team Size: 27 team members uu Duration: 1+ year
Business Challenge Significant cost savings are gained when using a virtual data room to store and distribute documents required for due diligence in the M&A, IPO, and audit processes. Creating a VDR is a relatively simple process, but ensuring the confidentiality of the documents in the repository is not. Because security is paramount in the disclosure of financial documents relating to those transactions, the client required a high quality, reliable software development partner to eliminate the risk of financial or legal consequences resulting from data leaks. The client selected Luxoft as a trustworthy partner for the development of their virtual data room services.
Luxoft Delivered Solution Luxoft’s engineers developed a customizable virtual data room with an intuitive user interface and strong digital rights management (DRM) capabilities to provide the client’s customers with a low-cost, easy-to-use, and unfailingly secure document repository for M&A, IPO, and audit transaction processes. The primary technologies include: uu Architecture: ASP.Net application based on open source iBATIS data mapping and Spring application development frameworks uu Security: Adobe LiveCycle servers support digital rights management (DRM) uu Data Storage and Reporting: MS SQL databases store data and content, and reporting capabilities are provided with SQL Reporting Services The VDR application provides for the following business needs: uu Accessibility and usability —— Documentation structure can be customized to match the structure of the deal —— Flexible access to the repository via the internet (with no browser plug-in required) or the client’s internal network uu Document storage and retrieval —— Support for a wide variety of document types (i.e. Word, Excel, PDF, scanned images, and picture files) —— A full-text search engine seeks all stored documentation of any format, including scanned documents —— Document import functionality that includes both single file import and bulk loading of documents to the repository Luxoft - Case Study
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uu Security —— Remote management of access rights for viewing, printing, or emailing the documents in the repository —— Secure print function that includes the user name, date and time of document open and print, and the requesting computer’s IP address on every printed page of every document to reduce risk of unauthorized printing and data transfer —— Secure document viewing blocks the “Print Screen” function at the operating system level —— Flexible access rights management provides the option of assigning rights to individuals or to groups of users —— Audit reporting tracks user activity in the VDR and records which documents were viewed, by whom, and when —— Secure access to documentation is provided via application code and digital signatures
Benefits Luxoft delivered a highly competitive solution with the following market differentiators for VDR products: uu High performance: exceptional response times for document storage and retrieval uu Outstanding usability: includes easy-to-use administration tools, an area where traditionally clients must rely on the VDR development staff for management uu Universal accessibility: application is accessed via web browser only with little or no desktop installs required uu Robust security: surrounds all aspects of document access, viewing, and printing
Customer Feedback Detailed feedback is available on request. Luxoft - Case Study
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About luxoft
Luxoft, a principal subsidiary of IBS Group, is a provider of advanced application and software engineering outsourcing services for global and regional enterprises. Luxoft builds partnerships with its clients, such as Boeing, IBM, Deutsche Bank, UBS, Harman, Avaya, Alstom, and Sabre, based on the culture of engineering excellence, innovation, and deep domain expertise. Luxoft offers international delivery capability through its network of state-of-the-art delivery centers in North America, Eastern Europe, and Asia. Luxoft`s customers benefit from the right mix of technology skills, industry knowledge, proprietary processes and methodologies, and a choice of engagement models. For more information about Luxoft, visit www.luxoft.com www.luxoft.com/financial-services/
Š 2012 Luxoft