Virtual data room

Virtual data room

A virtual data rooms (VDR) is an online vault or data store of information/data that is used for the storing and distribution of documents in a online way. In many cases, a virtual data rooms is used to promote the due diligence process during an M&A(Mergers And Acquisitions) transaction, loan syndication/union, or private equity and venture capital transactions. For reasons of cost, efficiency and security issue, virtual data room have widely replaced the more traditional physical data room by the Virtual data rooms.
A Virtual Data Room (VDR) is a series of proprietary extranets that provide an online vault of data. In Virtual data room the data is more secure. Today the Businesses typically use a secure virtual data rooms to share information with external customers and partners in a secure way, online environment with the help of Virtual data room. The Virtual Data Room enables parties to view documents,data and informations relevant to a particular transaction for authorized users and customers. Documents and informations are stored in electronic format on a central server(Virtual data room) and accessed via the Internet.

Secure, Virtual Meeting Rooms

Virtual data room

VDRs(Virtual data rooms) are assumed to be secure and confidential virtual meeting rooms also, where the buyers, attorneys, accountants and other parties & professionals can review sensitive and confidential data/documents. Initially, VDRs(Virtual data rooms) were mainly used by lawyers to meet with clients, but today VDRs(Virtual data room) are used in a wide and huge array of businesses where a cost-effective and secure way to eliminate the need for a physical data or consultation room is needed by these Virtual data room.

Secure File-Sharing via Virtual Data Rooms

Virtual data room

This is where the Virtual Data Rooms or Virtual Deal Room comes in: a secure cloud-based document repository or vault, which will enable controlled and secure access to different files for the various parties to a deal.
‘Almost all deals are done using virtual data rooms today, even if there is a physical data room as well.’ – Jordan Ellington, president of TransPerfect Deal Interactive.

Some Virtual Data Rooms Providers

box.
Intralinks.
Firmex.
SecureDocs.
CapLinked.
V-Rooms.
Venue.
Citrix ShareFile VDR.
iDeals Virtual Data Room.