CapLinked Launches Document Security Tool

Los Angeles-based CapLinked, which offers up a deal management software platform for managing business transactions, has released a new tool to handle digital rights management and security. CapLinked--which is backed by FF Angel, Peter Thiel, Siemer Ventures, 500 Startups, 7th Rig, and Subtraction Capital--said its new tool, FileProtect, helps protect access to documents that have been shared with outside, third party, blocking things like opening, copying, and printing of files after a deadline passes or a transaction ends. CapLinked said its new tool does not require the use of plugins or software, and works with both Microsoft Office and Adobe PDF files.