Today’s businesses depend on the ability to send, receive and generating information. Traditional mail and faxes play an important part, as do electronic tools such as email, FTP and cloud-based file sharing. Virtual data rooms are the next step in online data exchanges. They allow companies to manage critical information in a secure and solid environment, and with a global user network.
VDRs are highly sophisticated online information exchanges that offer robust document protection communications and collaboration features. They can be used to share and store content securely with a global network of users. They provide 24/7 availability and support. Access them on any tablet, computer or mobile device with internet access. They’re great for sensitive and secure documentation and can be used for a wide variety of business reasons such as due diligence, fundraising, and strategic partnerships.
In M&A transactions VDRs are commonly used to facilitate due diligence. Both the buy-side as as the sell-side need a place to keep, manage and review the required documentation. VDRs help companies simplify the process of strategic partnerships, which is a key aspect of growth strategies.
The technology behind these online repositories has advanced dramatically in the past five to 10 years and numerous vendors offer a range of pricing options, ranging from paying per-user uploads to pay-per page fees for adding or removing users. When selecting the right VDR be sure to look for transparency in pricing and practical features that are utilized more frequently than those not. The iDeals platform is simple, user-friendly and extremely efficient. We’ve completed 3 multi-million dollar/euro M&A deals using iDeals, and are happy customers.