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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



Nexus Energy says to consider sale of company
Forbes, NY - 16 hours ago
A number of companies, including energy majors and national oil companies, have had access to Nexus's data room and expressed interest in 'other forms of ...


Terra Energy announces results of third quarter 2008
Canada NewsWire (press release), Canada - 18 hours ago
Both a physical data room and a virtual data room have been set up and are now open for interested parties who have signed a Confidentiality Agreement. ...


InStorage REIT Board of Trustees Provides Further Update ...
MarketWatch - Nov 19, 2008
InStorage has granted Partners ULC access to its data room for due diligence purposes. InStorage has also agreed not to sign a definitive acquisition or ...


TRILANTIC Joins Nexidia’s Partner Program to Provide Audio ...
dBusinessNews Atlanta (press release), GA - Nov 19, 2008
... scanning and coding, review, printing, courtroom presentation, online deal and data-room solutions, and technical support. TRILANTIC is the only company ...


CORRECTING and REPLACING Geophysical Specialists in UK Work to ...
MarketWatch - Nov 19, 2008
Hyperdynamics has been holding in-depth technical presentations and in-house data room reviews with over 7800 line kilometers of 2-D seismic data acquired, ...


UPDATE 1-Global Investment says 6 firms eyeing partnership
Reuters - Nov 19, 2008
ISTANBUL, Nov 19 (Reuters) - Six companies have been given permission to enter the data room as prospective bidders for a strategic partnership with a ...


Firm tries different approach toward IPOs
San Francisco Chronicle,  USA - Nov 18, 2008
Inside Venture will begin featuring startups in January and will offer virtual and live road shows, a virtual data room and conferences to its members, ...


InsideVenture Opens Direct Private Market for Long-Term ...
International Business Times, NY - Nov 18, 2008
All InsideVenture companies receive a private Virtual Data Room IntraLinksWorkspace(TM) to efficiently manage due diligence, increase disclosurecompliance ...


InsideVenture Opens Direct Private Market for Long-Term ...
MarketWatch - Nov 18, 2008
All InsideVenture companies receive a private Virtual Data Room IntraLinks Workspace(TM) to efficiently manage due diligence, increase disclosure compliance ...


Chariot Oil & Gas – Scouring The South Atlantic Margins
Proactive Investors UK, UK - Nov 16, 2008
A data room has been opened for other potential partners. Finally, to cap off a busy half-year, Chariot has also taken an interest in three blocks in Peru ...

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

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