Articles

Articles from the CogniSuite team on M&A market data, the rules that apply to deal software, and how our own product handles documents, permissions and AI. The market pieces stay inside what published sources support and say plainly where the trackers disagree with each other. The product pieces describe what the software does, evidenced from the code, and where each capability stops.

Security

How to read a vendor's encryption claim

What a FIPS validation certificate covers and what it leaves out, why the 22 September 2026 move to the Historical List is a reason to reopen the question, and seven questions that separate a real answer from a phrase.

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Market insight

Q2 2026 M&A: record value, the thinnest deal count since 2010

The quarter set records by value while transaction counts fell to levels not seen since 2010. The data is still preliminary and the trackers do not agree with each other, which is itself the useful lesson for anyone running a diligence process.

News

What the Five Eyes agentic AI guidance means for connecting an assistant to a deal room

Six cybersecurity agencies published joint guidance on 1 May 2026 advising organisations not to grant AI agents broad or unrestricted access to sensitive data. A due diligence data room is one of the most concentrated collections of sensitive data a firm will ever assemble, and the access inside it is deliberately unequal. That makes the connection between an assistant and a room a permissions problem before it is an AI problem.

Product spotlight

Answer-once question matching

What happens on the request side when several bidders ask the same question in the same week, from the drafted answer through to the person who approves it.

Product spotlight

Semantic document search

What searching the room by meaning finds that a filename search misses, and where the method is weaker on scanned pages, spreadsheets and very long files.

Product spotlight

Request list import from Excel

How an arbitrary Excel diligence checklist becomes a working request list when the model is asked for a reading plan and ordinary code copies your cell text.

Product spotlight

AI-assisted data room setup

What each setup path builds from a deal description or a standard M&A structure, and why any folder left unspecified is written as internal.

Product spotlight

Permission-scoped AI retrieval

How the AI is restricted to documents the person asking can already open, why that filter runs before ranking rather than after, and what it does not cover.

Product spotlight

AI-drafted request answers

How a diligence request gets a written answer with verified quotes attached, and how an answer already given elsewhere in the deal can be carried across instead of written again.

Product spotlight

Cross-document figure reconciliation

What the platform checks about a money figure in an AI drafted answer, and why that is not the same thing as reconciling numbers across every document in the room.

Product spotlight

Per-folder access control

How one room serves the counterparty, your own side and a clean team scoped to one named organisation, with the same permission rules governing the AI.

Product spotlight

Verified AI answer drafting

How every quote in an AI drafted answer is checked against the stored document before anything renders, and what happens to an answer whose evidence fails.

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Deal-side aware permissions

How the room works out which party is the counterparty on a buy-side mandate, and what the resulting default locks and deliberately does not lock.