Corporate Virtual Data Rooms

Today, businesses rely on the generation, transmission and receiving of information. Traditional mail and faxes also play a part, as do digital tools like email, FTP and cloud-based file sharing. But when it comes to managing vital company information in an environment that is secure and reliable with a global network of users, a lot of companies look to the next generation moved here of online data exchanges which are called virtual data rooms.

VDRs are highly sophisticated online information exchanges with robust document protection as well as collaboration and communication features. They’re used to safely archive and share documents and other content through a global community of users, offering 24/7 availability and support. They can be accessed via any computer, tablet or mobile device that has internet access. They are ideal for sensitive and private documents and can be used to facilitate various business activities, including fundraising, strategic partnerships, and due diligence.

VDRs are used to help in due diligence during M&A transactions. Both the buy-side and sell-side need a place to store and examine the required documentation. VDRs can also help companies simplify the process of creating strategic partnerships, a major aspect of growth strategies.

The technology behind these online repositories has developed dramatically in the past five to 10 years, and many vendors offer a variety of pricing options, ranging from pay-per-page upload fees to per-user charges to add or remove users. When choosing the right VDR make sure you are looking for transparency in pricing and practical features that are used more frequently than those not. The iDeals platform is easy to use, user-friendly and extremely efficient. We’ve used it to complete 3 multimillion dollar M&A deals and are a happy customer.