Modern businesses rely on the exchange, receiving and generating information. Email, FTP, and cloud-based file-sharing are all electronic tools that can be used to share files. Virtual data rooms are the next evolution in online data exchanges. They enable businesses to manage important information in a safe, reliable environment, with a global network of users.
VDRs are advanced online information exchanges that offer solid security for documents and communications features. They can be used to share and store content securely with a global network of users. They provide 24/7 accessibility and assistance. Access them from any laptop, computer or mobile device with internet access. They’re ideal for confidential and sensitive documents and can be used for a broad range of business purposes including due diligence, fundraising and strategic partnerships.
During M&A transactions VDRs are typically used to facilitate due diligence. Both the buy-side as well as the sell-side require a place to store and access the necessary documentation. VDRs can also help companies streamline the process of arranging strategic partnerships, a major aspect of growth strategies.
The technology behind online repositories is continually evolving. Many vendors offer a variety of pricing models that range from pay-per page upload costs to user charges for deleting or adding users. When choosing the right VDR be sure to look for transparency in pricing as well as practical features that are utilized more frequently than those not. The iDeals platform is easy to use, user-friendly and extremely efficient. We’ve used it in the past to complete 3 multimillion dollar M&A deals and we’re an extremely satisfied customer.
