DealCloud was recently featured in a Mergermarket article written by Nelson Rodrigues titled “M&ATech: DealCloud to release new features as demand spikes on back of COVID-19 crisis.” In the article, DealCloud’s Chief Revenue Officer, Ben Harrison, discusses the reliance on cloud-based platforms that has grown globally in light of the COVID-19 virus and related market disruption. Read on below for the full interview:
DealCloud, a US cloud-based deal and relationship platform for M&A professionals, plans to release new features as demand spikes on the back of the coronavirus crisis, co-founder Ben Harrison said.
The COVID-19 pandemic has caused a dislocation in the market, Harrison said, adding that professionals are working from home as physical meetings and conferences have been cancelled. “We’ve seen a big uptake in our activity,” he said. Clients want to leverage DealCloud’s platform to stay relevant and share information such as market overviews and other materials, he added.
DealCloud is a web-based collaboration tool that helps M&A professionals with deal sourcing, deal financing, managing due diligence, managing portfolio companies, conducting industry research and fundraising. Its customers include investment bankers as well as private equity (PE) and infrastructure fund investors.
DealCloud’s core functions are customer relationship management (CRM) deal management, pipeline and execution. Use of its platform starts when a deal is originated all the way up to the data room, Harrison said.
So far this year, DealCloud has added 150 new clients, representing 10,000 users, Harrison said. It has roughly 800 clients across the globe, mostly in the US and Europe, but also in South America, the Middle East and Asia. Its strongest countries in Europe are the UK, Germany, France and the Nordics, he said.
To read the article on Mergermarket’s website, click here.
To learn more about DealCloud’s offerings for capital markets firms, click here.