This March, two major Software-as-a-Service (SaaS) events hit the M&A world. Salesforce snapped up SaaS integration provider MuleSoft for $6.5B and Merrill Corporation announced the launch of Merrill DatasiteOne, the first SaaS application for due diligence.
Of the two, Salesforce’s acquisition of MuleSoft is the proverbial drop in the billion-dollar M&A bucket, but Merrill’s move has longer-term implications for how your work gets done.
So why should you care? Here are four ways it will impact your day-to-day:
- Quickens Diligence. Our new technology architecture uses cloud foundry to give our code and platform scalability. This means you can upload as many documents – with as many users – as you want without having to worry about a system slowdown or screen freeze. This also increases search speed by building on exciting new technologies like Elasticsearch, a search engine that specializes in handling large document repositories.
- Beams Up Documents. The team that built our new document uploader has stickers of a UFO zapping someone into space for a reason. “What we do, essentially, is instead of delivering one entire file at a time, we break it up into small slices and deliver each independently and reassemble them on the other side,” says Tony Schumacher, Director of Product Management. This innovative approach results in faster document uploads than ever before.
- Produces more Products. No more years-long waits for promised products. Merrill DatasiteOne's microservices architecture structures an application as a suite of independently deployable, modular services – think building blocks. This makes new applications easier to develop, test and deliver into your hands.
- Fast Fixes. Those building block-style microservices combined with our new DevOps culture also ensure DatasiteOne works more smoothly and is upgraded on a continuous basis. “We work without walls between who builds technology and who supports it,” explains Joy Montello, Director of Product Management, Analytics and Operations. “When you have a team that owns something end to end, they’re highly invested in making sure things don’t break because they know defects are going to come back to them.” In practical terms, this means technical glitches get fixed in hours - not days.
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