Merrill Corporation Announces Formation of Local Brazilian Entity-Merrill do Brasil Limitada
Online, May 30, 2010 (Newswire.com) - [SAO PAULO, BRAZIL]¬- Merrill Corporation, (www.merrillcorp.com) a leading provider of technology-enabled services for the financial, real estate, legal and other corporate markets, today announced the formation of Merrill do Brasil Limitada, a business entity based in Sao Paulo, Brazil. Merrill do Brasil Limitada will continue to provide the full range of Merrill DataSite's (www.datasite.com) virtual data room (VDR) services to the Brazilian market, but now with the Brazilian entity we offer our clients Brazilian jurisdiction and local billing, a real national company.
In addition, the new business organization will offer clients significant tax advantages by allowing them to sign service agreements locally with an official Brazilian company.
"While Merrill DataSite has had an on-the-ground, local presence in the Brazilian market since 2008, we wanted to officially establish our own entity in the country," says Ed Bifulk, president of Merrill DataSite. "And unlike other entities who enter this market through third-party ventures, our Merrill do Brasil Limitada is staffed completely by Merrill employees. We're very excited and pleased to be able to bring our VDR customers an extra measure of service by offering Brazilian service agreements locally."
Merrill DataSite has been actively involved in the Brazilian market and anticipates that its need for VDR services will grow rapidly and significantly in coming years. All users' VDR materials can be easily localized and translated into Portuguese-or Spanish for other South American countries.
"In addition to the exceptional service we have provided our clients in Brazil over the last two years, we now are excited to offer local billing and Brazilian service agreements to our clients." said Ana Paula de Castro, Director of Merrill DataSite in Brazil. "We are most appreciative of our Brazilian clientele. Their support has enabled us to grow and invest in this region."
To date, Merrill DataSite has provided VDR services to Brazilian law firms, investment banks, accounting firms, private equity firms and other corporate entities.
###
About Merrill Corporation
Founded in 1968 and headquartered in St. Paul, Minn., Merrill Corporation (www.merrillcorp.com) is a leading provider of outsourced solutions for complex business communication and information management. Merrill's services include document and data management, litigation support, language translation services, branded communications programs, fulfillment, imaging and printing. Merrill's target markets include the legal, financial services, insurance and real estate industries. With more than 5,000 people in over 70 domestic and 15 international locations, Merrill empowers the communications of the world's leading companies.
About Merrill DataSite
Merrill DataSite® (www.datasite.com) is a comprehensive virtual data room (VDR) solution that accelerates the due diligence process by providing a secure online document repository for confidential time-sensitive documents. Merrill DataSite overcomes the many limitations of a traditional paper data room by enabling companies to present critical business information to multiple prospective buyers in a secure Web-based environment. As a result, transaction time and expense are dramatically reduced. Merrill DataSite can be rapidly deployed and is accessible by viewers throughout the world via the Internet. As a leading provider of VDR solutions worldwide, Merrill DataSite has served more than 60,000 private and public companies across the globe, and has empowered nearly 2 million unique visitors to perform electronic due diligence on thousands of transactions totaling trillions of dollars in asset value. Merrill DataSite recently was honored with the "M&A Product/Service of the Year Award" from the M&A Advisor and was also selected as their preferred VDR for all of their 2010 Award ceremonies.