Revolutionizing Healthcare M&A as Precision Diagnostics Leader Transforms Fundraising with Govern 365 VDR

Case Study

A leading healthcare precision diagnostics equipment manufacturing company adopts Govern 365 VDR to manage fundraising and M&A deals

Background

This is a company that offers advanced image-based diagnostics, including a comprehensive approach to detect and treat leading causes of death e.g., various types of cancer. It uses a combination of advanced imaging, genomics, and non-invasive liquid biomarkers.

The company's goal is to reduce the margin of error and ambiguity in current diagnostic protocols, and to provide patients and doctors with more robust risk assessments.

Challenges

Fundraising and mergers & acquisitions are commonplace in the healthcare industry. This requires a solution using which sensitive information can be shared securely with internal and external users.  The customer was looking for a solution to handle the following requirements:

• Ability to secure files during M&A transaction and Capital Raise process so files are not leaked.
• Ability to share files with many external organizations without having the risk of leakage.
• Ability for bankers and other third parties to collaborate with the information in the presense of Microsoft 365 tenant restrictions in their environment
• Solution should not be constrained with storage costs
• Multi browser compatibility
• Ability for external users with Microsoft 365 email IDs and other email IDs to be able to access the content

Since customer was using Microsoft 365, they wanted a solution that worked with the Microsoft 365 product and stored data in their own repository rather than any third-party repository.

Solution

Netwoven worked closely with the customer to understand their requirements for secure collaboration, data storage, data sovereignty and compliance for M&A and Capital Raise.

The customer selected Govern 365 for its requirements for the following reasons:

• Tight integration with Microsoft 365
• Data protection at the file level
• Ability to create workspaces with various templates
• Ability to create templates easily
• Intuitive interface for provisioning of secure and standard container

Benefits

Govern 365 was deployed and configured in less than 2 weeks. Customer realized the following benefits:

• Seamless and secure operations during due diligence
• Ability to have separate data rooms for working with different organizations
• Self-provisioning of M365 workloads reducing IT overhead
• Ease of use and adoption with increased productivity
• More granular and secured collaboration including external stakeholders reducing business risks
• Consolidation of VDR into M365 platform improving ROI significantly.

For additional information or to learn more about Govern 365, please contact us.