Corporate Virtual Data Rooms

Today, businesses rely on the creation, transmission and reception of data. Traditional mail and faxes play an important role, as do electronic tools like email, FTP and cloud-based file sharing. Virtual data rooms are the next generation in online data exchanges. They let companies manage important information in a secure and solid environment, and with a global user network.

VDRs are sophisticated, online information exchanges that provide robust security for documents and communications features. They can be used to store and share content securely through a global user network. They provide 24/7 availability and assistance. Access them from any computer, tablet or mobile device that has internet access. They’re ideal for secure and confidential documents and can be used for a diverse range of business-related purposes including due diligence, fundraising and strategic partnerships.

During M&A transactions VDRs are frequently used to facilitate due diligence. Both the buy-side as well as the sell-side require a space to keep, manage and review the documentation required. VDRs enable companies to simplify their strategic partnership process, which is a key element of growth strategies.

The technology behind these online repositories has advanced dramatically over the last five to 10 years, and many vendors offer a variety of pricing models, from paying per-user uploads to pay-per page fees to add or remove users. When choosing the right VDR be sure to look for transparency in pricing, as well as practical features that are utilized more often than features that are not. The iDeals platform has a simple interface and is highly efficient. We’ve closed 3 multi-million euro M&A deals using iDeals, and are extremely satisfied customers.