Corporate Virtual Data Rooms

Companies today depend on the creation, transmission and receipt of data. Traditional mail and faxes play a part, as do electronic tools like email, FTP and cloud-based file sharing. However, when it comes to managing vital company information in an secure, reliable environment with a global network of users, many companies look to the future of online data exchanges such as virtual data rooms.

VDRs are highly sophisticated, online information exchanges that offer robust document protection and communication features. They are used to store and share information securely with the world’s largest user network. They are available 24/7 and assistance. You can access them on any tablet, computer, or mobile device that has internet access. They are ideal for sensitive and private documents and can be used to aid in diverse business processes that include strategic partnerships, fundraising and due diligence.

VDRs can assist in due diligence when it comes to M&A transactions. Both the buy-side and the sell-side require a location to keep and review the required documentation. VDRs also allow companies to streamline the process of arranging strategic partnerships, an essential aspect of growth strategies.

The technology behind these online repositories has developed significantly in the past five to 10 years, and many vendors offer a variety of pricing models, ranging from pay-per-page upload fees to per-user fees to add or delete users. When choosing the right VDR be sure to look for transparency in pricing, as well as practical features that are used more often than features that are not. The iDeals platform is easy to use interface and is extremely efficient. We’ve used it to conclude 3 multimillion euro/dollar M&A deals and we’re satisfied customers.