Nowadays, businesses depend on the ability to send, receive and creating information. Traditional mail and faxes play an important part, as do digital tools like email, FTP and cloud-based file sharing. However, when it comes down to managing important company data in an environment that is secure and reliable with a global network of users, many firms opt for the next generation of online data exchanges: virtual data rooms.
VDRs are advanced online information exchanges, which offer robust document protection and communication features. They’re used to safely store and share documents and other content through an international network of users, with around-the-clock availability and support. You can access them on any tablet, computer or mobile device with internet access. They’re perfect for secure and confidential documents and can be used for a broad variety of business needs including due diligence, fundraising, and strategic partnerships.
During M&A transactions, VDRs are often utilized to aid due diligence. Both the buy-side and the sell-side require a space to keep and review the required documentation. VDRs enable companies to simplify their strategic partnership processes which is a vital element of growth strategies.
The technology behind these online repositories has evolved dramatically over the last five to 10 years and numerous vendors offer a range of pricing models, from the pay-per-page upload model to per-user fees to add or delete users. When selecting a VDR provider, you should consider transparency in pricing as well as practical features that get used rather than extraneous ones which are not used often. The iDeals platform is easy to use, user-friendly and extremely efficient. We’ve completed 3 multi-million dollar/euro M&A deals with iDeals and are happy customers.
