Philadelphia, PA (September 28, 2012) – DocDep announced today that is has expanded the functionality of its investor relations product Sonar LP Communications to enhance the user experience of limited partners (LPs). It now includes features for convenient investor-to-investor communication and more flexible share transfers.
Sonar LP Communications now includes an investor bulletin board for posting notes, updates, and other information to be communicated between LPs, fostering greater community among investors. This includes the ability to post interests for sale, triggering a workflow first for firm approval and then general notification to other LPs about the shares available for purchase. Sonar LP Communications now also makes it easy to record any share transfers within the system, facilitating reassignment of interest.
Sonar LP Communications is an online portal for managing and accessing investor information, updates, and tax documents. Alternative investment firms often struggle to regularly and securely communicate investment information with their limited partners. Updates are typically limited to occasional physical or electronic mailings, or they are shared collectively to the entire LP base. Sonar LP Communications is ideally suited for alternative investors who are seeking to improve their investor relations and communicate investment information through a secure channel.
"DocDep continues to develop its software to boost the investor experience for both firm and LP,” said Farid Naib, CEO and Founder of DocDep. “The more tools investors have at their disposal, the more active and involved they can be in investment decisions."
Sonar LP Communications is currently used by more than 4,000 LPs nationwide to access a personalized view of their individual investments, obtain regular performance updates, and receive annual K1s. For more information about the Sonar suite and how it helps alternative investments firms more effectively manage their investor relations and portfolio companies.
DocDep creates tailored, online critical data management applications for the venture, private equity, legal, financial, and investment-backed communities. Its array of modules address the specific data needs for secure organization, reporting, and analysis within these verticals, enabling compliance, good governance, and empowered decision-making. For more information contact DocDep at 800-872-9394 or visit docdep.com
Philadelphia, PA (February 21, 2012) – DocDep announced today the release of SmartCap, a free, online cap table application, which augments its line of business automation and organization applications for the venture capital and private equity community.
SmartCap is a cloud–based cap table application which records capitalization structure, tracks investment evolution, and stores underlying investment documents. The resulting organization and standardization help investment-backed companies establish professionalism, especially as they seek additional funding or plan for an exit. SmartCap supports multiple equity holders and classes of security, including preferred and common stock, convertible notes, options and warrants. Pre-defined formulas, templates, and calculations make it easy to build a cap table free from the manual errors common to spreadsheet cap tables, promoting accuracy.
SmartCap also includes a dilution calculator, which allows shareholders to see the impact of different valuations when considering funding in order to prepare for the outcome they want.
DocDep has helped many venture-backed companies improve the accuracy and organization of their cap tables, including, AlignAlytics, a Philadelphia-based GRC company. “Without a doubt SmartCap is a necessity for investment-backed companies. It is too easy to make costly mistakes when building out a cap table, and now with SmartCap, our management and investors are completely confident in its accuracy,” says Roland Mosimann, CEO of AlignAlytics.
“Cap table errors and confusion are a problem for the VC community,” says Bill Bridgers of Zon Capital. “Smart Cap has given our partners increased confidence in the accuracy of our portfolio’s cap tables and we see tremendous value in the resulting good governance and standardization.”
Smart Cap was developed to fill a need in the venture community for an easy-to-use, inexpensive cap table utility designed to overcome the limitations of spreadsheet-managed cap tables. In addition to the free version, SmartCap is available at Premium, Enterprise, and VC/PE levels with expanded functionality, unlimited document storage, and access to additional products in the DocDep line, including Radar, SmartBoard, and Sonar Investment Document Manager. DocDep also provides cap table consulting services for companies requiring review and audit of their current one.
For more information about using SmartCap, the free, online cap table tool from DocDep, visit http://blog.docdep.com/docdep-cap-table/.
Philadelphia, PA (November 18, 2011) – DocDep, the premier provider of web-based applications for secure business collaboration, communication and document exchange, has been named among the best emerging companies in the mid-Atlantic region by business media network AlwaysOn.
In naming DocDep among the Mid-Atlantic’s Top 100 Private Companies, AlwaysOn recognized it as a company that offers a game-changing approach to business collaboration and alternative investment management. The AlwaysOn editorial team, along with industry experts, made the selections based on a company’s innovation, market potential, commercialization, stakeholder value and media buzz.
The winners will be honored at AlwaysOn’s IMPACT Venture Summit Mid-Atlantic on November 29th and 30th in Philadelphia.
DocDep provides easy-to-use applications, including venture capital and private equity software, that automate business processes and manage data. These applications, include document managers, financial reporting and monitoring tools, and capitalization table builders. With these tools, management teams, boards and investors make better decisions, improve corporate governance and enhance collaboration.
It was founded by entrepreneur and technology executive Farid Naib, who came up with the idea as he was sorting through paperwork and having trouble keeping track of important documents while selling his previous company.
The AlwaysOn East 100 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2011 list.
A full list of all the AlwaysOn East Top 100 winners can be found on the AlwaysOn website HERE
Philadelphia, PA October 21, 2011 - Saas application provider DocDep has released Sonar Investment Document Manager (SIDM), a new application that will help alternative investment managers track the materials they receive from companies in their portfolio and prospective investments.
SIDM provides centralized access for all documents that venture capital and private equity firms monitor and track. Materials can be directly uploaded into the document manager or they can be filed by forwarding an email.
SIDM is intended to solve a common organizational problem at investment firms, in which documents are often scattered in email folders, unstructured shared drives or cloud-based storage sites. SIDM provides centralized storage with various views and sorting functions available. Documents are filed in categorized folders that managers can sort by company, type, date or other metric.
SIDM has been designed to specifically handle investment materials, providing information snapshots and highlighting key details, saving users from the hassle of opening and searching through large files. These snapshots include grid reports of financials and board packages as well as DocDep Frames, which are specialized data summaries that track key information about investment materials, such as due dates, legal rights and preferences.
SIDM solves the problem that of email overload for VC and PE firms and gives them a convenient and centralized information management system at a reasonable price, says DocDep founder and CEO Farid Naib.
“DocDep’s applications do not provide organization for its own sake,” Naib says. “Instead, we offer investors tools to better manage their firm’s resources and instill better transparency and governance.”
Based in Philadelphia, DocDep provides critical data management solutions to companies in the alternative Investment Management Space. All DocDep applications are secure, following DOD document management standards and 256-bit data encryption for incoming and outgoing transmissions.
Philadelphia, PA (September 12, 2011) – Philadelphia-based software provider Document Depository Corporation (DDC) has rebranded to DocDep as the kick-off to a series of new product launches.
DocDep creates online critical data management applications. Existing applications are largely focused on the unique needs of the alternative investment community and investment-backed companies.
Applications include Investment Document Management, Cap Table Management, Financial Reporting, LP Communications and Board Room Management. Other modules planned for the coming months include branded portals for service providers, such as law firms and an application to assist PE firms with Dodd-Frank compliance.
Founded in 2009 by serial entrepreneur Farid Naib, DocDep was created to address the document organization and board reporting issues of investment-backed companies, issues Naib had personally faced in his previous ventures. During its tenure DocDep has continued to hone its product offering and now provides a variety of tools for organizing, analyzing, and reporting on critical data within specific verticals.
“Critical data management is so much more than just storing important documents,” says Farid Naib, CEO of DocDep. “What really matters is what you do with the document data. DocDep creates overlays that transform static information into useful content, ultimately helping you make better business decisions and improve your corporate governance.”
Philadelphia, PA (June 13, 2011) – DDC has augmented its portfolio management software suite, Sonar, with a service bureau offering called Sonar Plus.
The Sonar Plus upgrade allows regular Sonar subscribers to fully outsource the administrative side of portfolio management, while reaping the organizational benefits.
With Sonar Plus, venture capital or private equity clients can email materials from their portfolio companies to their firm-designated email address. DDC will then correctly upload those materials into Sonar and, utilizing DDC Frames, ensure that an actionable summary of the data is created. DDC monitors the receipt of information on an investment-by-investment basis and provides clients with a quarterly review of portfolio activity. DDC also provides cap table and VDR functionality.
DDC Sonar is a secure, cloud-based investment monitoring and reporting solution for venture capital and private equity firms. It automates the collection of financials and other materials from portfolio companies, reducing the time-consuming, manual tasks that often engage partners’ and controllers’ time. Sonar provides a centralized, online environment in which reports are deposited and stored. This eliminates the need to download and re-save reports from portfolio companies into a share drive and keeps track of which company materials are due with built-in reminder tools. Portfolio companies can also submit information directly to DDC, simplifying their reporting requirements.
Sonar also handles complex information communication needs for limited partners, providing a branded portal from which LPs can access their investment information and tax documents.
“It’s not unusual for busy investment firms to need added administrative support in portfolio company management,” says Farid Naib, CEO and founder of DDC. “Given our company’s knowledge and experience within the industry, we are uniquely equipped to handle the document and reporting necessities that face VC and PE firms, saving them time and money.”
To become a Sonar subscriber or to find out more about Sonar PLUS, contact DDC at 800-872-9394. Information about DDC’s other software solutions is available at www.docdep.com.
Philadelphia, PA (April 28, 2011) – DDC announces the launch of SmartDash, the latest module in the Radar and Sonar suites, which provides automated dashboard reporting functionality for investment-backed companies and allows VC and PE firms to automatically consolidate financials across investments and portfolio companies.
With DDC SmartDash portfolio companies enter data directly into the dashboard that best fits their business. DDC’s SmartDash supports both financial and non-financial data. A company can report its monthly financials as well as progress on key strategic initiatives. SmartDash includes a library of multiple dashboard formats, and new ones can be easily added.
On the receiving side, SmartDash is a flexible tool that reduces the administrative burden felt by the investment professional. Through either standardized or ad hoc reports, SmartDash will consolidate financial information across all portfolio companies, even if the underlying dashboard varies from company to company. This gives the investor a fuller picture of the health and overall progress of the portfolio.
“There is a real need for automated reporting between investment-backed companies and their investors,” says Farid Naib, CEO of DDC. “SmartDash simplifies the reporting process and ensures its security and efficiency.”
SmartDash is the latest module in the Radar and Sonar suites, which also include tools for document management, board room management, and cap table creation and maintenance. More information is available at 800-872-9394 or by logging on at www.docdep.com.
Philadelphia, PA (March 9, 2011) — StarCite, the global leader in on-demand meeting management, selected DDC Radar™, the comprehensive suite of SaaS applications for Critical Data Management, to facilitate board communication and improve the management of sensitive corporate documents and information.
Critical Data Management (CDM) encompasses compliance, corporate governance, risk management and operational excellence, ensuring that the documents central to business operations are organized, actionable, available and protected. Addressing CDM early on helps emerging growth companies achieve higher valuations and ultimately larger exits as a result.
As a rapidly expanding organization, StarCite recognizes the importance of following best practices in CDM. With over 400 clients and 5 locations in multiple countries, StarCite needed a solution for organizing and securing critical corporate documents and a more efficient way to communicate with its board of directors.
“StarCite has a number of complex documents we need to track and grant access to. We also want a better way to share information with board members who are located across the United States,” said Pete Zografakis, StarCite’s General Counsel. “Radar’s document summaries and intuitive document categories make finding information fast and easy.”
Radar provides a single, easy-to-use online access point to critical information typically stored in disparate locations, such email folders and filing cabinets. Radar reduces the need to call materials up from paper storage and sift through email to confirm which electronic copy is the final version. More than document storage, Radar intelligently files information and makes documents actionable via information summary forms, email reminders, dashboard reports and other workflow. Add-on Radar modules facilitate boardroom and investor management and communication and track capitalization table evolution and option grants.
StarCite learned about Radar from international law firm, Morgan Lewis and Bockius, who recommends Radar to clients as a CDM best practice. Morgan Lewis clients receive a special Radar subscription rate and can have Morgan Lewis deposit agreements and documents directly into their Radar accounts, replacing the need for insecure email and expensive hard copy distribution.
“DDC Radar complements Morgan Lewis’ services to venture-backed and emerging growth clients,” said Steven Cohen, Partner at Morgan Lewis and co-manager of its Emerging Business and Technology Practice. “We believe that Radar provides tremendous value in addressing the investor communication and document management challenges that face our clients.”
“We are extremely pleased to be helping Morgan Lewis clients employ best practices for document and asset management, helping them be better positioned for growth or exit and receive higher valuations in the process,” added Farid Naib, Founder and CEO of DDC.
For further details and to schedule a personalized Radar demonstration, visit DDC’s website at http://www.docdep.com/radar or call 800.872.9394.
Philadelphia, PA (January 24, 2011) - Realty Capital Partners, headquartered in Dallas Texas, has gone live with Sonar™ from DDC. Sonar is a web-based software suite that provides investment administration, fund monitoring, and communication services for alternative investment companies.
Realty Capital Partners needed a tool that would provide investors with 24-7 access to their investment-related information and documents. "We were looking for an internet-based tool that we could use to communicate investment information more efficiently to our investors," said Richard Myers, CEO of Realty Capital Partners. "In addition to being web-based, Sonar was attractive because it offered us some ability to customize our portal to meet the needs of our growing company. In 2010, the system helped us distribute over 9,000 tax documents to our investors in a more timely manner than in past years."
Through Sonar, investment firms can upload investor-related documents. Notifications of these materials are then sent to the appropriate recipients via email. Limited partners can see a summary of their investments, as well as assorted investment materials such as K1s, project updates, and newsletters, through a personalized web-based log-in.
"Sonar is designed to organize, manage, and communicate investment information in a flexible and intuitive environment," added Farid Naib, Founder and CEO of DDC, "What's more, the added professionalism, security, and transparency that Sonar provides for alternative investment companies is an effective marketing tool for attracting new LPs and raising additional funds." For more information about Sonar, contact DDC at 800.872.9394 or visit the website at www.docdep.com.
Philadelphia, PA (November 29, 2010) — Today DDC, the leader in Critical Data Management (CDM) solutions, has expanded the tools in its Radar suite with the release of a significant new featurecalled Board View.
The SmartBoard component of Radar now includes, Board View, an online tool specifically developed to simplify communications and participation for board members.The new Board View includes defined areas for events, board contacts, board materials, a bulletin board, and a news feed all on a single screen for easy information retrieval. Here, among other functions, board members can quickly find the latest meeting or committee dates, open the most recent board package, and locate current contact information for key member. For added convenience, Board View and all Radar tools are fully compatible with the iPad.
SmartBoard is a module of Radar, the comprehensive suite of software-as-a-service (SaaS) applications that manage, organize, and share critical data to improve organizational readiness and security of information. SmartBoard was developed specifically to provide tools for board-led companies and organizations. Alongside the new Board View screen, SmartBoard also features a comprehensive membership directory of current and historic board and committee members with email capabilities, a robust board book aggregator for quick compilation and distribution of board packages, the ability to manage board minutes and resolutions, and board packages. It also contains an events calendar, which integrates with personal calendaring programs such as Outlook and Google Calendar.
“We wanted to provide our clients with a simplified view of the most critical information surrounding board responsibilities,” said Farid Naib, CEO and Founder of DDC, “From the convenience of a single easy-to-use screen, board members can get all the details they need to perform their role to its fullest.”
To find out more about Radar, SmartBoard and the other SaaS solutions developed by DDC, visit the website at www.docdep.com or call US headquarters at 800.872.9394.
Philadelphia, PA (November 3, 2010) —DDC, leader in Critical Data Management (CDM) solutions, today at the AlwaysOn Venture Summit Mid-Atlantic announced the launch of Radar™, a comprehensivesuite of software-as-a-service (SaaS)applications that manage, organize, and share critical data to improve organizational readiness and security of such information.
CDM is a best-practice, covering areas such as compliance, corporate governance, risk management and operational excellence. Users of CDM systems include CEOs, CFOs, General Counsels, Boards of Directors, Investment Bankers and M&A Advisors.
The DDC Radar suite includes six interconnected applications:
SmartFile™:organize, access and share critical company data
SmartBoard™:automate communication with boards of directors and investors
SmartCap™: eliminate spreadsheet cap tables and manage company capitalization
SmartDash™: create, manage and distribute dashboard reports of key metrics
SmartContract™:store, report and track key contract information
SmartVDR™:create and manage a virtual data room (“VDR”)
As a SaaS solution, Radar allows clients secure access to information from any browser at any time, including the AppleŽiPad. Radar takes critical documents and information typically stored in disparate locations, from email folders to filing cabinets, and provides a single online access point and an easy to use view of the information. More than document storage, Radar provides a uniquely streamlined document workflow to make working with critical documents faster and easier, such as email reminders and dashboard reports. Data stored in Radar’s applications interconnect with one another so that information stored in one location can be viewed by different types of account users.
Components of Radar have been in production for the past year with users in the US, UK and Canada. SmartVDR and SmartContract are scheduled for release in the first half of 2011. Customers may subscribe to individual Radar modules or the entire suite, depending on the unique needs of their organizations.
Radar’s genesis grew out of the experiences of Farid Naib, Founder and CEO. After selling his last company, FNX, to an international publicly-traded company in Europe, Naib experienced firsthand the practical cost of not having all his critical corporation information readily available. “The acquiring firm needed documents that were located in email folders and filing cabinets across the globe. Since I could not access all the information efficiently, I had to live with a portion of the purchase price held in escrow,” commented Naib. “I knew there had to be a better way to centrally manage this information instead of in various employee email folders, filing cabinets and laptops.”
“Failure to track and maintain critical corporate data costs the industry billions and is a major source of risk and exposure for companies and their boards of directors,” commented Jonathan Kalman, founder of Jaguar Capital Partners and early Radar adopter. “This is a major issue and DDC’s Radar is the first SaaS-based critical data management solution to maintain this information in a meaningful way that reduces risk while saving time and resources.”
To schedule a personalized Radar demonstration or learn about the other SaaS solutions developed by DDC, visitwww.docdep.com or call US headquarters at 800.872.9394 or DDC Europe on +353 1 449 8709.
Philadelphia, PA (September 13, 2010) — DDC, a company which creates SaaS applications to help businesses organize their corporate documents, streamline workflow, and improve communication with their stakeholders, has grown beyond its national profile by opening an office in Dublin, Ireland.
The Dublin office positions DDC to focus on the financial and corporate sectors throughout Ireland and the rest of Western Europe. DDC’s secure, web-based investment management and business software applications are well-suited to help companies, venture capital firms, and other financial institutions manage their corporate documents and investment communications.
The office has been established in partnership with Altitude Fund Solutions, a consulting firm that specializes in software development primarily servicing the fund management and fund administration space.
“With our presence already established on both coasts of the United States, moving across the Atlantic was a logical next step for DDC,” said founder and CEO Farid Naib. “Western Europe is home to some of the world’s most innovative and technologically savvy companies in the world. These are the entrepreneurs and investors who we can help.”
The new office and European sales efforts are led by Karl McCullagh, CEO of Altitude Fund Solutions, who has more than 25 years of sales and marketing management experience in the financial and corporate areas.
“The development of Ireland’s tech and financial sector occurred so rapidly that many companies struggle to manage key documentation efficiently and meet the requirements of new regulations and compliance,” McCullagh said. “DDC provides exactly the tools they need to stay on top.”
Philadelphia, PA (August 2, 2010) — Document Depository Corporation (DDC), a company that develops Software as a Service (SaaS) applications which improve workflow efficiency and secure document exchange for companies and their stakeholders, has expanded its national profile with the establishment of an office in Silicon Valley.
The Sunnyvale office places DDC in the heart of both the tech world and the venture community, two groups which can benefit from DDC’s products, Radar and Sonar. Radar is used by companies of any size to organize business documents, facilitate board communication, and manage cap tables. Sonar is used by alternative investment managers to manage funds, investments, limited partner communications and all associated documents.
“Our move to Silicon Valley is strong evidence of DDC’s growth,” said founder and CEO Farid Naib. “DDC’s technology helps some of the nation’s brightest entrepreneurs realize their ideas and the most innovative companies flourish.”
The new office is led by Chip Wheatley, a former sales executive at Dell, Nokia, Motorola, and Palm. He is DDC’s new Director of Business Development for west coast growth.
“I’m excited to join DDC and help demonstrate its potential to a whole range of companies, from small startups to big, established players,” Wheatley said. “I know very well the business needs of these companies, and how we can meet them.”
Philadelphia, PA June 21, 2010 – DDC, the premier provider of web-based applications for secure business collaboration, communication and document exchange, today announced that it has been chosen by AlwaysOn as one of the AlwaysOn East Top 100 winners.
AlwaysOn winners are pioneering companies with game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players. DDC was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz. The winners were honored at AlwaysOn’s Venture Summit East event on June 21, 2010, at Harvard Business School in Boston, MA.
DDC connects people and critical corporate information through intuitive, secure SaaS-based solutions. This helps management teams, boards and investors make better decisions, improve corporate governance and enhance collaboration. It was founded by entrepreneur nd technology executive Farid Naib, who came up with the idea as he was sorting through paperwork and having trouble keeping track of important documents while selling his previous company.
“Just a few missing documents can cost a company a lot of money in warrants escrows or under-valuation. I knew there had to be a better way for companies to manage their information. DDC’s services organize and manage all documents critical to running a business. At the same time, it also helps executives and board members share their ideas and advice through an open channel of communication,” Naib says.
DDC is one of many companies with a fresh vision that can potentially revolutionize the business community, says Tony Perkins, founder and editor of AlwaysOn.
"After examining the companies that are on the AOE100 list, it's obvious that innovation is not only alive and well on the East Coast, it's accelerating in economic power and scope." Perkins says. "The companies certainly represent some of the highest-growth opportunities in the private company marketplace."
The AlwaysOn East 100 winners were selected from among hundreds of other technology companies nominated by investors, bankers, journalists, and industry insiders. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2010 list.
A full list of all the AlwaysOn East Top 100 winners can be found on the AlwaysOn website HERE
DDC creates inter-connected SaaS applications for secure business collaboration, communication and document exchange. This results in an unprecedented aerial view of a business or firm that enables management teams, boards and investors to make better decisions and follow best practices in corporate governance. For more information contact DDC at 800.872.9394 or visit www.docdep.com.
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn’s preeminent executive event series includes the Summit at Stanford, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, Venture Summit East, GoingGreen Silicon Valley, GoingGreen East, and GoingGreen Europe. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.
Philadelphia, PA (June 14, 2010) — DDC announces Microbridge Technologies as its first international Radar client. Radar is a SaaS solution that provides improved workflow efficiency, secure document exchange, and an aerial view of information for companies and their stakeholders while providing a more secure, feature-rich alternative to email folders and paper-based filing systems.
“Communication with our board members has been key to our success,” said Bob Vaupshas, President and CEO. “Radar is helping us to improve our board communication challenges. I am convinced, based on my experience, the use of Radar will ultimately lead to a stronger, more profitable enterprise.”
Microbridge Technologies, headquartered in Montreal, Canada, is a manufacturer and licensor of next-step electronic calibration products and solutions in the consumer, automotive, medical and other industries. They selected Radar as the solution to increase transparency, improve communication with its board of directors and improve collaboration within its management team.
“Radar has been designed to solve the problems and inconveniences that email and printed document-based processes create when communicating with board members and investors,” said Farid Naib, CEO and founder of DDC. “Radar not only provides an intelligent filing solution but also establishes best practices for communication and document exchange.
“The benefit of Microbridge using Radar is that I can now be a more conscientious investor and effective board member for them,” said Bill Bridgers, Partner at Zon Capital, a venture capital firm invested in Microbridge Technologies, “Even better, since several of my portfolio companies are subscribers, I can see information from all of them in a single online portal for a bird’s eye view of my investments.” Microbridge now becomes the fourth company from Zon Capital, based in Princeton, NJ, to subscribe to Radar.
Microbridge Technologies, Inc. is the leading manufacturer and licensor of next step electronic calibration products and solutions in the consumer, automotive, medical and other industries that need to improve manufacturing yields and productivity and enter new markets. Microbridge's resistor calibration products (Rejustor™) and enabling technology are the first integrated calibration and temperature compensation systems for analog circuit designs and production. Microbridge's technology enables product designers to achieve one-step calibration and passive adjustment, is adaptive and adjustable in circuit, and it allows calibration in the analog domain to improve the design of current and future products. Microbridge is a privately held company with headquarters in Montreal, Canada and offices in Boston, Mass and San Jose, Calif. For more information please visit: www.microbridgetech.com.
Philadelphia, PA (May 26, 2010) — Radar, the smart digital filing system that organizes corporate information and responsibilities while providing an unprecedented “big picture” view of an organization’s structure and health, has continued its steady growth with the addition of several new clients during the month of April, including the first international customer for DDC.
The four new Radar clients represent a variety of organizations across the country. Among them are a manufacturer and licensor of next-step electronic calibration products and solutions in the consumer, automotive, medical and other industries in Montreal, Canada, and a social learning services company for educational communities in Wayne, NJ. Others include a video surveillance manufacturer in Princeton, NJ and a web-based meeting management, procurement and online event registration management company in Philadelphia, PA.
Companies at all stages benefit from the information and file organization, cap table evolution tracking and granular user access permissions of Radar. ConnectYard, an early-stage company, is strategically adopting Radar to aid in the due diligence process.
“The demands of due diligence made us realize that we needed a system to organize and share our corporate information with potential investors in a secure manner,” said Donald Doane, ConnectYard’s CEO. “We see Radar as a way to ease the burden of the fundraising process.”
“Radar addresses the huge volume of corporate documents and communications that overwhelms many companies” said Farid Naib, CEO and founder of DDC. “It provides a place to organize, file, and share information as well as facilitate boardroom communication and management.”
About ConnectYard, Inc.
ConnectYard, Inc. specializes in helping colleges and universities tap the power of social media for student recruitment, retention and alumni re-engagement. The Company's Web 2.0 solutions improve the college educational experience by extending the learning environment into where students live and socialize. The Company believes this approach will ultimately change the culture of learning by fostering online educational communities that enable students to tap the resources, talents, and experiences of individuals with similar interests that reach beyond their traditional academic networks.
ConnectYard, Inc. was founded in 2007 and is headquartered in Wayne, New Jersey. For more information on how ConnectYard can help your institution maximize student recruitment and retention, please visit www.connectyard.com or contact us at 973-494-8041.
Philadelphia, PA (March 26, 2010) — Document Depository Corporation (DDC) continues to expand the reach of its board management software, Radar, with the addition of several new clients across the country.
From Boston, MA to Alpharetta, GA and Huntington Beach, CA, Radar continues to attract new clients who see its value in promoting best practices for board management. These companies recognize the importance of the structure, open communication, and security that Radar’s web-based software provides them and the multiple VCs invested in their companies.
Radar, the premier software application from DDC, includes an array of features designed to assist board-led organizations in managing and communicating key corporate documents with their board of directors. The application’s tools include a cap table utility, document storage and sharing, at-a-glance file summaries, meeting reminders,and document notifications, all designed to manage and streamline the volume of corporate documentation which faces many companies, saving executives’ valuable time and promoting transparency and best practices. With nothing to install and full disaster recovery, Radar application is easy to use and completely secure.
“The continued growth of Radar confirms what we’ve known all along. Following best practices in boardroom management commands a true premium,” commented Farid Naib, CEO and Founder of DDC, “Companies know that every time an important document is buried in a crowded inbox or their cap table has to be redone due to a math error, they lose money and time. Radar effectively eliminates this problem.”
Philadelphia, PA (March 8, 2010) — Document Depository Corporation further expands the features of its board management software Radar with the introduction of its capitalization table utility.
Radar’s suite of board management tools now includes a capitalization table utility, which accurately produces and securely shares information about the current capital structure of a company. Many companies manage cap tables in spreadsheets, which are prone to error from simple mistakes. The cap table utility eliminates this problem and helps ensure that the latest information is the most accurate. The cap table utility also maintains a detailed history of financing and equity events for easy reference.
This new element of Radar, like its other features, is designed to help overcome the challenges that companies with boards face. The secure organizational structure and best practice guidelines provided by Radar help companies with their governance responsibilities.
“Every company faces the challenge of maintaining an accurate cap table. The addition of our new cap table utility helps our clients manage this issue and further supports DDC’s goal of providing time-saving tools that promote best practices for companies with boards,” said Farid Naib, Founder and CEO of DDC, “You no longer have to try and guess which spreadsheet is the right one or worry that there might be a mistake.” The cap table utility is included with Radar.
Philadelphia, PA (February 1, 2010) — Following the success of its flagship application Radar, Document Depository announces the launch of its next platform, Sonar, the premier tool for alternative investors.
Sonar enables venture capital, partnerships, and private equity firms to monitor funds and manage investments through a secure, web-based account. From its intuitively-designed dashboard, investment managers gain an overview of their entire portfolio at-a-glance with drill-down ability for full investment information. Providing alternative investors with the benefit of cross-partner transparency, this platform makes it easier to share information in a secure environment. Sonar is further complemented by an LP Portal through which limited partners can access their investment information and communications, including fund updates and K1s.
“Sonar breathes new life into the way alternative investments are managed,” said DDC Founder and CEO, Farid Naib, “We bring the concept of a trading screen to the alternative investment space with at-a-glance review of current investments and the ability to drill down to documents, cap tables, or board materials. Sonar also integrates with DDC’s Radar and allows portfolio companies to directly upload information.” For more details about Investment Management Portal, contact DDC at 800.872.9394 or visit the website at www.docdep.com.
Philadelphia, PA (October 20, 2009) — Document Depository Corporation (DDC), the secure, web-based document management platform, today announced that in September 2009 four companies selected its Radar Application to improve their firms’ board procedures and key document functions. The firms are from varied industries and locations, including Eventric (Chicago, IL), InvestorForce (Wayne, PA), Profectus BioSciences (Baltimore, MD) and Visuvi (Redwood City, CA).
Radar Application, one of a series of applications from DDC, helps companies control and manage their board responsibilities while providing a secure way to achieve a higher degree of transparency. Through a system of document storage, file sharing, meeting reminders,and event updates, Radar removes the frustration associated with boardroom responsibilities. Members of multiple boards see a consolidated view of all their board activity. Radar Application is easy to use, completely web-based with nothing to install, and fully secure with disaster recovery at a cost-effective price under $100 per month.
Farid Naib, DDC’s CEO said, “It is well documented that better corporate governance leads to a valuation premium. DDC’s Radar app helps companies more efficiently manage their board and corporate governance duties by promoting best practices in corporate governance.” He added, “Once a company starts using the app, they immediately realize the time saving benefits to key C level staff and board directors, as well as the peace of mind of having a secure depository for key materials.”
Philadelphia, PA (October 9, 2009) —Document Depository Corporation (DDC), the secure, web-based document management platform, has expanded its product focus with the unveiling of the new name, Radar Application, to replace its previous Corporate Governance system.
Originally designed for venture backed firms, a wide variety of clients have used the board management aspects of the system. DDC clients range from non profits, co-ops, publically traded firms, pension funds, and member-led organizations, in addition to venture backed firms. As part of an ongoing rebranding effort, the new Radar Application name reflects the broad focus of DDC’s system.
Radar facilitates efficient management for any institution governed by a board, regardless of size. Through a system of document storage, file sharing, meeting reminders, and event updates, Radar removes the frustration associated with boardroom responsibilities. With nothing to install, it provides an organized, web-based solution, which adheres to the strictest Department of Defense guidelines for electronic records management.
Radar Application is the first in a series of planned additional application roll-outs to be offered by DDC and is available for under $100. “I know first-hand the frustration of hunting for materials for an upcoming board meeting,” said DDC Founder and CEO Farid Naib, “But Radar Application eliminates this headache and brings functionality and security to the boardroom.” For more information about how Radar application can save you time, contact DDC at 800.872.9394 or visit the website at www.docdep.com.
Philadelphia, PA (September 2, 2009) — Document Depository Corporation (DDC), the secure, cloud based document management platform today announced that four companies have selected its Corporate Governance application to improve their firms’ Corporate Governance functions and to help manage board activities and meetings. The firms are diverse in both function and location, and include Aline GRC (King of Prussia, PA), CFS Repair (Greenville, SC), FX Bridge Technologies (Atlanta) and UniRisX (London/ Philadelphia).
DDC's Corporate Governance (CG) application, one of a series of applications from DDC, helps companies control and manage their corporate governance responsibilities while providing both companies and boards with a secure way to achieve a higher degree of transparency. The application manages and stores board materials, manages committees and boards, notifies board members of new information, and schedules and reminds members of board and committee meetings. Board members on multiple boards see a consolidated view of all their board activity. DDC’s CG application is easy to use, is a true web based app with nothing to install locally, and provides security and disaster recovery at a cost effective price, with a base fee of under $100 per month.
Farid Naib, DDC’s CEO said, “It is well documented that better corporate governance leads to a valuation premium. DDC’s Corporate Governance app helps companies more efficiently manage their board and corporate governance duties by promoting best practices in corporate governance.” He added, “Once a company starts using the app, they immediately realize the time saving benefits to key C level staff and board directors, as well as the peace of mind of having a secure depository for key materials.”
April 21, 2009 – Philadelphia, PA – Document Depository Corporation (DDC), a new solution provider devoted to the secure third party management of important documents, today announced the opening of its headquarters at 1500 Market Street, Centre Square in Philadelphia, PA. DDC provides cloud based applications designed to help business executives better manage important documents. The company made its official launch last month at the prestigious technology conference, DEMO 09, in Palm Desert, CA.
DDC’s initial application is DDC’s Corporate Governance (CG) application which provides a virtual boardroom and promotes best practices for boardroom management, reducing the use of email folders as a place to store important documents. The CG application enables workflow with powerful tagging identifiers and provides email notification of new documents deposited, automatic generation of email reminders for expiring contracts, reminders to CFO to deposit interim financials, board meeting reminders, etc. For users serving on multiple boards, the application operates in the manner similar to social networking sites where board members of multiple companies and/or non profits using DDC can see board materials across companies on their corporate governance view page, while each company maintains their own information. The CG application is intuitive, easy to use and reasonably priced for under $100 per month.
DDC’s CEO and Founder is Farid Naib, a well-known Philadelphia entrepreneur. Mr. Naib co-founded his first software venture, FX Systems, in 1985, providing pricing systems for currency option traders. He grew his next venture, FNX Limited, a trading and risk management software company, from 5 employees and one office to well over 200 employees and seven offices worldwide. In 2007, FNX was acquired by GL Trade. Mr. Naib has won multiple awards for his entrepreneurial achievements including Ernst & Young’s Delaware Valley Entrepreneur of the Year and PriceWaterhouseCoopers’ Growth Company of the Year, and was the recipient of the Philadelphia 100, Fast 50 awards, and for three years was named as one of America's fastest growing, privately held companies by Inc 500.
DDC grew out of the frustrations he experienced both as a CEO and board member with the management of important documents and contracts. “During the sale of my last company, document management was out of control,with board materials hard to gather and confusion and uncertainty surrounding the versioning of the legal documentation surrounding the sale. The need for an intuitive application like DDC was obvious,” said Mr. Naib. For more information visit www.docdep.com.
DEMO 09 - March 2nd, 2009 – Palm Desert, CA – Document Depository Corporation (DDC), a new solution provider devoted to the secure third party management of important documents, today announced the launch of its first three applications at the DEMO 09 emerging technology conference. DDC creates secure, lightweight applications, with features such as email notification of important dates, powerful tagging identifiers for easy and efficient retrieval, and workflow automation. DDC applications are designed to provide a superior alternative to email folders and filing cabinets as places to store important documents.
All DDC users have a single home page that provides access to all DDC applications the user is licensed for. Initial DDC applications include Corporate Governance (documents and materials for a company with a board), Multi Entity and Contract Tracker modules. DDC operates in the same manner as many social networking sites. For example, in the Corporate Governance module, board members of multiple companies and/or non profits using DDC can see board materials across companies on their corporate governance view page, while DDC segregates each company’s information. DDC applications provide email notification of new documents deposited (also shown on the user’s home page), automatic generation of email reminders for expiring contracts, reminders to CFO to deposit interim financials, board meeting reminders, etc.
The Multi Entity application is designed to facilitate the management of legal documents for M&A and funding transactions and acts as an intermediary during multi party legal negotiations. DDC provides a centralized place where legal documents can be viewed, commented upon, revised, and released to those users with access. Best of all, DDC ensures that only one execution copy is agreed to by all parties.
The Contract Tracker application provides quick access to contracts signed between a DDC client firm and other entities. Industry specific “tags” allow authorized users to easily sort and view documents based on a variety of criteria that help to easily identify and categorize contracts. For revenue producing contracts, various onscreen reports and analyses can be run and exported to excel.
DDC applications are available at a reasonable cost, with per user fees as low as $9.95 per month.
DDC was started by seasoned executives from the legal and financial community who, throughout their careers, had been involved in hundreds of contract and legal negotiations. DDC grew out of the frustrations they experienced with the management of these documents, the difficulty in finding the right document or right document version, and the confusion and limitations that result when email folders are the primary storage vehicle.
“During the sale of my last company, document management was out of control, with board materials hard to gather and confusion and uncertainty surrounding the versioning of the legal documentation surrounding the sale. The need for an intuitive application like DDC was obvious,” said CEO and Founder, Farid Naib. “And, with the popularity of social networking sites like Facebook, LinkedIn and Plaxo, the idea of being able to see all your important documents in one place became very clear.”