Company: GridGain Systems, Foster City, CA
Nomination Submitted by: Compel
Company Description: GridGain combines stream processing, a distributed in-memory data grid, and colocated compute to deliver data processing and analytics at massive scale and ultra-low latencies.
Nomination Category: New Product & Service Categories - Business Technology
Nomination Sub Category: Work Management Platform
 Nomination Title: Midaxo Cloud for Corporate Development
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the nominated new or new-version product or service, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: If this is a brand-new product, state the date on which it was released. If this is a new version of an existing product, state the date on which the update was released:
Midaxo announced the availability of its Midaxo Cloud for Corporate Development on October 18, 2023.
- If you are providing written answers for your submission, you must provide an answer to this second question: Describe the features, functions, and benefits of the nominated product or service (up to 350 words):
Total 350 words used.
Midaxo Cloud is a purpose-built work management solution for corporate development and deal integration teams that enables them to find, evaluate, and deliver deals to drive inorganic growth faster and more efficiently. The AI-powered Midaxo Cloud leverages learnings from 500+ customers that have completed 5,000+ transactions worth in excess of $1 trillion.
Companies that want to accelerate growth through inorganic strategies need a platform to unify workflows and centralize data. Midaxo Cloud powers an enterprise-wide approach to all corporate development activities that increases team productivity and consistency, enables faster deal closings, better prepares teams for antitrust challenges, and reduces transaction risks. As the first purpose-built work management platform for corporate development, the platform delivers more repeatable business outcomes and faster inorganic growth. Key benefits of Midaxo Cloud include:
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All Information and Workflows in One Place – All documents, communications, approvals, reporting, and workflows are within the platform so team members can seamlessly collaborate on shared workflows using the same set of information. Rich integrations with best-of-breed third-party tools make Midaxo Cloud the source of truth for all corporate development activities.
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Full Visibility – Team members can view the information they need, when they need it, whether for company-wide Board reports or to drive day-to-day activities. Role-based dashboards and reports provide the intelligence team members and management need to prioritize their work.
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Consistent Workflows – Purpose-built workflows powered by user-customizable playbooks reduce complexity and increase repeatability for every step in the transaction process.
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Tighter Collaboration – Effective information sharing and seamless access to workflows and deal information all in one place increase team member happiness and productivity. Secure online and mobile app access enables users to leverage the platform anywhere at any time.
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Painless Reporting – Informed management decisions can be powered by custom reporting using embedded analytics or they can leverage integrations with popular analytics tools such as Microsoft Power BI or Tableau.
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AI and Automation – Automated data intelligence and AI help identify, prioritize, and flag opportunities. Reviews of diligence materials can be automated and projects can be more effectively managed leveraging AI and automation within the platform.
- If you are providing written answers for your submission, you must provide an answer to this third question: Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 185 words used.
The response to Midaxo Cloud among existing customers and our target market has been very positive, with new customer bookings up more than 4x from Q3 2023 (prior to the product announcement) to Q4 2023 (following the product announcement).
Verified customer reviews have also been impressive. These include:
Enterprise with more than 1,000 employees - "The ability to configure and leverage Midaxo without needing internal IT resources is a huge upside. The tool is intuitive and requires minimal time to train new users. I love that Midaxo allows the end user to shape and mold the tool to best fit their needs. Each process within the workspace can look different, but can all be tied into the same reports which allows for dynamic reporting.”
Small business with 50 or fewer employees - "Simple. Effective. Creates Team Alignment:
Mid-market company with 51 to 1,000 employees - "The Best Application for M&A. The User Interface, Functionality and Client Success team are the best.”
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 86 words used.
Midaxo homepage: https://www.midaxo.com/
Midaxo Cloud product page: https://www.midaxo.com/products/platform-overview
Press release announcing Midaxo Cloud availability: https://www.midaxo.com/about/news/midaxo-cloud-corporate-development-launches
Launch webinar: https://www.midaxo.com/resources/4-ways-the-new-midaxo-cloud-drives-faster-inorganic-growth
White paper on technology for corporate development: https://www.midaxo.com/resources/white-paper/4-ways-technology-can-accelerate-corporate-dealmaking
White paper on how technology improves corporate dealmaking: https://www.midaxo.com/resources/guide/the-definitive-guide-to-ma-pipeline-management
Guide to improved post-merger integrations using technology: https://www.midaxo.com/resources/guide/ma-guidepost-merger-integration
White paper on AI use in M&A: https://www.midaxo.com/resources/white-paper/how-to-supercharge-your-ma-process-with-artificial-intelligence-midaxo-x
Verified Customer Reviews: https://www.google.com/url?q=https://www.g2.com/products/midaxo/reviews&
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