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About Virtual Data Rooms

Physical Data Room Picture

A virtual data room (also referred to as "VDR", "electronic data room", "virtual deal room" or "virtual war room") is a web-based document repository allowing multiple users to access due diligence documents via the web. Virtual data rooms have made physical data rooms (see photo at right) a relic of the past.

There are many available virtual data room solutions, each providing different levels of document security, ease-of-use, speed, features, fuctionality and of course price. High-end virtual deal rooms provide the most comprehensive capabilities at a high cost, and typically offer full-service project management since they are difficult to setup, configure and administer. Low-end virtual deal rooms are priced low, and also tend to be easy-to-use due to the limited functionality. Pandesa ShareVault is the first virtual data room offering the full set of high-end features and functionality combined with the ease-of-use that allows our customers to set up, configure and administer their own virtual data room, supported by a dedicated project manager and 24/7 support. Our unique approach allows us to price our service at a lower price than other leading virtual deal room providers.

Price is an important consideration for any purchase decision, but given the high stakes of a typical transaction requiring due diligence, it is important to consider carefully the capabilities of the virtual data room. Be sure to ask for a demo of not only what the end user works with to review documents, but also the administrator screens - you might find that many solutions are hard to use, which can slow down your deal. Choose the right virtual deal room, and your transaction will move quickly and smoothly, with the confidence that the service will be available 24/7 and that you'll have a fine degree of control over access to your documents both during and after the due diligence phase.

The following links provide additional information on virtual data rooms:

  • Wikipedia on Virtual Data Rooms – a Wikipedia article that answers the question "what is a data room?".
  • Faegre & Benson LLP on Virtual Data Rooms – A law firm's perspective on how virtual datarooms are accelerating the pace of M&A.
  • The Boston Globe on Virtual Data Rooms – An article describing how virtual data rooms have moved M&A due diligence on-line.
  • The Pittsburgh Business Times on Virtual Data Rooms – An article reviewing the increasing trends towards using Virtual Deal Rooms for on-line due diligence.
  • The Wall Street Journal on Increased Usage of Virtual Data Rooms in Europe – An article describing increased usage of Virtual Data Rooms in European M&A.
  • Law.com on Virtual Data Rooms – An article providing an introduction to Virtual Data Rooms with guidance on selecting a good platform.
  • California Lawyer on Virtual Data Rooms – An article describing the rise of Virtual Data Rooms in legal proceedings.
  • Do Virtual Data Rooms Add Value to The Mergers and Acquisitions Process? – A PDF report by Dr. Christopher Kummer and Vlado Sliskovic of the MANDA Institute.


Latest Data Room News



Hospital hopes for faster connections
Columbia Missourian
... an information system team supervisor at Boone Hospital, explains how the hospital's computer records are stored in the data room of the building's ...



Galleon Energy Plans Strategic Review To Advance Asset Development
Wall Street Journal
It expects to open a data room in early April. Galleon said "while a significant producing and exploration company has been created, continued access to ...
Galleon Energy Initiates Process To Consider Strategic Options; Posts Full ...RTT News
Galleon Energy Inc. Announces Review of Strategic Alternatives to Enhance ...Marketwire (press release)

all 11 news articles »


Daily Record (subscription)

Baltimore Technology Park expanding
Daily Record (subscription)
The first phase of the expansion, a 3000-square-foot “data room,” will cost about $1700 per square foot, and is expected to open in April. ...

and more »


Stock Watch

'RIL engaged hundreds of people for due diligence'
Press Trust of India
"LyondellBasell constructed an electronic data room for Reliance, which provided access to thousands of documents. Hundreds of Reliance's advisors and ...
LyondellBasell rejects Reliance's final offerPlastics News
LyondellBasell rejects Reliance's final offerurethanes-technology-international (subscription)

all 120 news articles »


Daily Nation

Fresh row over sale of Telkom
Daily Nation
Did unscrupulous individuals grab assets of Telkom Kenya between the time the data room was established and the time of the actual sale to France Telecom? ...

and more »


PR-inside.com (press release)

Brainloop Expands Rights Management, Integrates with both Microsoft RMS and ...
PR-inside.com (press release)
Brainloop Secure Dataroom is a virtual document safe that enables safe filing, editing and distribution of highly confidential documents within a single ...

and more »


Central Petroleum to raise $22m to fund Amadeus Basin exploration
The Australian
As yet, no parties have entered the data room. But BBA, chaired by Nick Greiner, hopes a final ruling on the float-trade sale dilemma can be made this month ...

and more »


Ratiopharm sale in final stages
Financial Times
Three bidders will ask for the keys to Ratiopharm's final data room later this month as the €3bn ($4bn) auction of the German generic drug ...

and more »


SkillSoft Announces Receipt of Irish High Court Directions and Update on Go ...
PR Newswire (press release)
SkillSoft entered into Confidentiality Agreements with 10 of those parties and subsequently granted each of them access to the electronic data room ...

and more »


Miami Daily Business Review

US target for Westfield is a shrinking prospect
Sydney Morning Herald
As part of that battle General Growth has opened a data room for other interested parties to undertake due diligence. Simon Property said it had been ...
US group fades as Westfield targetSydney Morning Herald

all 307 news articles »

News Source: http://news.google.com/news?hl=en&as_scoring=n&q="data room"|"deal room"|dataroom|dealroom

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