Cookies
By clicking “Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. View our Privacy Policy for more information.
Business Case
A New Approach to Document Anonymization in M&A-cases
How Cleardox helped Poul Schmith with a 90% decrease in their time spent on redaction
Oliver Fjellvang
2 min to read
A New Approach to Document Anonymization in M&A-cases
November 27, 2024
Introduction
In the fast-paced world of mergers and acquisitions, efficiency and confidentiality are paramount. A particularly challenging case recently demonstrated Cleardox's Redaction Software over traditional PDF-editing methods and showcased its effectiveness as a leading software redaction tool and anonymization software in the industry.
The Challenge: A Race Against Time
Faced with a distressed M&A case, Denmark's largest law firm, Poul Schmith, was tasked with preparing a data room for potential buyers within a stringent 4-day deadline. This entailed the anonymization of 2,000 documents containing personal data—a monumental task by any standard.
The Need for Efficiency and Accuracy
The task was straightforward but demanding: preparing documents for a data room without compromising personal data privacy using advanced anonymization software. Traditional methods were slow and cumbersome, making it difficult to meet the deadline without sacrificing the quality of work Poul Schmith is known for. This underscored the need for a more efficient software redaction tool.
Cleardox: A Considered Choice
While Poul Schmith was already in the process of implementing Cleardox, the distressed M&A case became the first test of the solution on a large scale. The tool’s ability to process documents quickly and accurately passed the test, and
Users reported up to 90% in saved time for standard text documents.
Features like the ability to upload word and excel files and download them in pdf after redaction, and bulk upload of folders, also contributed to the efficiency and speed.
Results: Effective and Safe Anonymization
Using Cleardox helped; the M&A-team met their deadline, while ensuring that documents were processed with the necessary attention to detail and adherence to privacy standards.
The tool’s efficiency did not detract from the quality of the anonymization...
...aligning with Poul Schmith’s values of thoroughness and responsibility, and establishing Cleardox as a leading anonymization software and redaction tool in the legal sector.
Try Cleardox 14 days for free!
Interested in trying Cleardox? Get a 14 day free trial and live demo by contacting us here.