FileOpen Systems is the #1 Provider of DRM to
the Fast-Growing Virtual Data Room Market
SAN FRANCISCO, Feb 17, 2012 (BUSINESS WIRE) -- FileOpen
Systems Inc., the document rights management (DRM)
developer, today announced a significant surge in the licensing of
their DRM technology to Virtual Data Room (VDR) providers, positioning the company as the
predominant enabling technology for VDRs to date. The company's broad customer base in
publishing, financial services, manufacturing, healthcare, education and government now
includes 8 of the top 10 VDR platform providers.
Enabling Secure Document Exchange
VDRs provide a secure virtual space which enables the parties to a transaction or agreement to
access confidential documents remotely from diverse locations. Because VDRs bring together
parties from opposite sides of a transaction, including their attorneys and advisors, they pose a
unique and stringent set of security and accessibility requirements. According to industry
research firm IBISWorld, the VDR industry is growing rapidly, with revenue expected to reach
$628 million in 2012 (a 17.1% increase from 2011 and an annualized growth rate of 17.4%
since 2007). It is against this backdrop that FileOpen Systems has become the de facto
standard for document security integration with VDRs.
"FileOpen's deep experience with secure document distribution is driving our strength in the
VDR market," said Sanford Bingham, President & CEO, FileOpen Systems, Inc. "Simply put, we
help our VDR partners succeed without having to become experts in encryption, policy
enforcement and authentication. Our combined efforts protect millions of VDR-hosted
documents per year from leakage, while providing speed and convenience to end-users."
Unmatched Security Features
The FileOpen Client, which acts as a security handler within Adobe Reader X(TM), offers VDR
vendors functionality beyond that available from any other solution on the market, including the
ability to:
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Completely block screen capture of protected windows
Disable printing completely or allow printing only of specific pages and only to
physical printers
Watermark user-specific data onto a PDF as it is opened, either online or offline
Impose user and print-specific watermarks if the document is printed
"We needed the ability to secure and control functionality of a large number of files shared in
our virtual data rooms. After a detailed review of several DRM vendors in the market it was clear
that FileOpen Systems provided the most extensive set of security and access control tools,"
said Karen Perkins, President of V-Rooms(TM). "Over the last two years we have been very
pleased with the FileOpen technology. We believe that our combined core competencies will
foster continued growth and deliver significant value to our customers."
Easy Integration
All VDR vendors face the challenge of preventing unauthorized access to their customers'
documents once they leave the secure space of the VDR website. With FileOpen
RightsManager(TM) or RightsServer(TM), VDR hosts can distribute secured documents in
native PDF as well as the primary Microsoft(R) Office(R) formats, or via the zero-install
FileOpen Viewer. By licensing FileOpen's authentication and permissioning technology, or
developing their own tightly integrated system from the FileOpen Toolkit, VDRs can grant
access to authorized end-users on a range of desktop and mobile devices, operating systems
and applications. VDRs can pick and choose among the wide range of options in the FileOpen
feature set, such as unique watermarking, embargo and expiration, and controlled printing to
create a customized end-user experience.
FileOpen will be demonstrating its document rights management solutions at the RSA
Conference in San Francisco from February 27 -- March 1, 2012.
About FileOpen Systems
Founded in 1997, FileOpen Systems Inc. pioneered the first document rights management
(DRM) solution for securing PDF documents. Today, FileOpen continues to innovate with a
complete line of DRM solutions that protect intellectual property and reduce the risk of
confidential data loss. FileOpen serves publishers, manufacturers, governments, educators and
financial organizations worldwide to protect their sensitive data without compromising the enduser experience. FileOpen Systems is a privately held company headquartered in Santa Cruz,
CA. For more information on the company please visit www.fileopen.com .
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About V-Rooms
V-Rooms provides a cloud-based, customizable virtual data room (VDR) solution that is
designed to streamline document management, collaboration, exchange and archiving for
financial, legal and corporate professionals. The V-Rooms Sofware-As-A-Service (SAAS)
secure document portal facilitates the secure exchange of sensitive information providing
compliant and auditable transactions. V-Rooms enables the acceleration of complex,
information-intensive processes while reducing the time and expenses associated with data
distribution, courier, printing and travel. Additional information can be found at http://www.VRooms.com .
SOURCE: FileOpen Systems Inc.
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