Secured Data Sites For Sharing Confidential Financial Data

I'm always interested in specialized niche businesses that are successful by doing one thing really well - something that the general public probably doesn't even realize is a genuine need.

Recently, I came across a specialized business which is related to trading and Wall Street.

The business is called Merril DataSite, and they provide Merrill Virtual Data Rooms for capital market / financing functions such as mergers and acquisitions (M&A) activities, business ownership transfers, bankruptcies, restructurings, licensing activities, etc.

Basically, their data sites are useful for any firms that are involved in complex business, financial, and/or legal processes that involve sharing highly confidential documents (such as acquisition due diligence) between groups of financial analysts, lawyers, and / or accountants.

A secure data site process can insure that the documents stay protected from outsiders by limiting access to only authorized individuals, and keeping track of checkouts and revisions.

In an interesting extension of their business, a division of Merrill provides document translation services and language translation services for international clients.