Digital Lighthouse, a consultant, introduced an electronic...

Digital Lighthouse, a consultant, introduced an electronic document-tracking system allowing business to put the merger and acquisition process on the Internet. The "digital deal rooms” allow firms to conduct most of their document sharing and due diligence electronically, providing secure access to electronically stored documents, which may be viewed by all parties in a protected, controlled-access environment. An electronic signature application allows for multiple personal signatures on a document. The process provides a secure audit trail and reduces the time involved in the M&A process by up to 70%, according to a release from Digital Lighthouse.