London, United Kingdom, September 9th, 2009
Millnet, a leading provider of document production and processing services and EthosData, a leading global provider of virtual data rooms, today announced the launch of their new Virtual Data Room service providing companies with a secure online platform for conducting business transactions.
Millnet EthosData’s Virtual Data Room is an online platform that enables law firms, corporate finance advisers and their clients to securely and efficiently store and exchange documents during every phase of a transaction. The system removes the significant cost and administrative burden of physical data rooms by facilitating the secure, online dissemination of confidential information in all stages and for any type of a transaction.
“Our Virtual Data Room provides our clients with a secure, easy-to-use online platform for exchanging sensitive information, expediting transactions.” said Marcus Craggs , Chairman, Millnet. “Working with our partner, EthosData, we have developed a best-in-class service that leverages the secure platform built over many years working together with leading law firms and financial institutions to facilitate the otherwise complex and laborious financial transaction process.”
“We are very excited to partner with Millnet. We believe that the combination of the skills of both companies will make a significant difference in the current market. Our offering based on simplicity, security, speed and service at a very competitive certain cost is quickly becoming the market reference.”, said Francisco Lorca, Chief Executive Officer, EthosData.
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EthosData (www.ethosdata.com) is a leading global provider of Virtual Data Rooms created and served by financial and legal industry professionals.
Managed by seasoned professionals with executive experience in McKinsey and Company, Credit Suisse, General Electric and First Data.
EthosData has very strong partnerships with leading local providers of services to the financial and legal sector in the UK (Millnet Financial) and in the USA (The Vintage Group). With offices in Asia, Europe and the Americas, EthosData is uniquely positioned to serve their clients globally
About Millnet (www.millnet.co.uk)
Millnet has been delivering innovative document solutions to the financial & legal sector in the UK and further afield since 1996. The range of services offered extends from financial print and distribution, copying, scanning and e-bibles to leading-edge solutions for electronic document review, e-discovery and virtual data rooms. Millnet has a demonstrable track record of producing essential time-critical documents in circumstances that are generally very demanding. From the simplest requirement to the most complex cross-border project, Millnet aims to offer the most appropriate and cost-effective approach in every case.
In the UK financial markets, Millnet is the financial document specialist of choice, having produced the prospectus, offer and other shareholder documentation for many thousands of transactions over the past ten years.