
Answer your own questions on the data room, then keep the same view of each company after close.
Private Equity
The tip of the icebergof what you can achieve with SecondState.
- 01
Open up the data room
Load CIMs, financials, and contracts, and ask your own questions on revenue, margin, and customers.
- 02
Check every contract
Run the same questions on change-of-control and termination terms across every agreement, with cited answers.
- 03
Build the IC workbook
Carry findings into an editable workbook your team can inspect line by line.
- 04
Track each company
Load monthly packs and compare them to plan and prior periods.
- 05
Keep one view
Each company keeps its files, context, and history in one project, from diligence to exit.
Every team, every engagement.
Client datastays under control.
Ask about securityYou’re working with client ledgers and confidential data rooms. SecondState keeps each engagement separate, every change reviewable, and every answer traceable.

EU or US hosting
Your data stays in the region you choose. The two deployments are separate, and nothing is copied between them.
One project per engagement
Files and analysis are scoped to a project. Nothing is visible outside it unless you share it.
Every figure traced
Answers link to the rows and pages behind them, so a reviewer can check any number.
Nothing changes without you
Data transformations are validated and shown to you before they’re used. Destructive actions need approval.
Full revision history
Workbooks keep every revision. Inspect what changed or restore an earlier version.
Activity on record
Project activity and agent work are logged, so you can see who did what and when.