USA/Canada News
Opus 2 International, a global litigation services and software development company, will be showcasing the recently-released Opus 2 Forum during Legaltech 2017. Forum is the world’s first fully-collaborative virtual deal room (VDR) for use by teams of lawyers and advisors in due diligence around corporate mergers and acquisitions. The product is already touted by a number of UK law firms.
Opus 2 Forum includes the same revolutionary new technology and familiar intuitive interface as its award-winning sister software for litigation, Magnum. Opus 2 Magnum, a cloud collaboration platform, has acquired a leading reputation for its ease of deployment, as law firms seek to migrate from under-performing legacy products. In a recent example, a leading Amlaw 100 firm migrated 74 cases seamlessly, including transcripts, exhibits, work product and designations to Magnum well ahead of the project deadline. This success is similar to other recent migrations to Opus 2 Magnum and the company anticipates similar ease and efficiency for M&A clients migrating to the new Opus 2 Forum platform.
“Many traditional virtual deal rooms claim to be the safest, fastest and easiest deal rooms, but users are consistently frustrated by under-performing features,” said Graham Smith-Bernal, founder and CEO, Opus 2 International. “As we have done with Magnum, our goal with Forum is to transform the deal room space, enabling law firms to easily migrate to a product that prioritizes simplicity, performance and collaboration.”
Forum blends cutting-edge software and state-of-the-art infrastructure to remove the document-loading delays and plug-in challenges associated with other deal room products, performing 10 times faster than competing products. The software is also designed to enable practitioners to collaborate and work as a team, sharing content quickly and simply, ensuring more effective due diligence than ever before.
Security is paramount when building products designed to enable sharing of sensitive information and Forum is no exception. Opus 2 International has deployed state of the art security to ensure confidential legal documentation remains secure with discrete viewing and access tools incorporated to manage who can see what.
The company will also announce the launch date for the next iteration of Magnum, expected in the spring.
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