Customer Spotlight: Stanley Black & Decker
In reviewing hundreds of potential acquisitions every year, its Corporate Development team collaborates with a host of internal teams and external third party partners internationally. How do they handle it efficiently? By exchanging deal documentation online using a virtual data room.
25 March 2013
Stanley Black & Decker, best known for its Stanley®, Black & Decker®, DeWalt®, Porter Cable®, Proto® brands. Stanley is a large diversified global provider of industrial and consumer hand and power tools, mechanical access solutions and electronic security solutions, engineered fastening systems, infrastructure solutions and more. In reviewing hundreds of potential acquisitions every year, its Corporate team collaborates with a host of internal teams and external third party partners internationally. How do they handle it efficiently? By exchanging deal documentatDevelopment ion online using a virtual data room. After experiencing some roadblocks using other solutions, the company finally decided on Intralinks — and increased their efficiency by more than half.
Stanley initially reviewed several data room solutions. The Stanley Corporate Development team needed a technology solution that could also streamline the exchange of transaction-related information during M&A transactions such as auctions. During an M&A transaction, different users can’t have access to all the same information. Setting varying permissions using Microsoft® SharePoint proved to be painstaking and time-consuming. Then there was the job of getting external users ID’d through the firewall to access Stanley’s Microsoft SharePoint framework.
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Esther is a senior corporate communications manager at Intralinks. She provides content for internal and external communications activity as well as general corporate positioning in order to support overall company objectives. Esther has been creating communications materials for a variety of organizations and companies for more than 10 years. She graduated from Rutgers University with a degree in English Literature.