ShareVault Announces a Major Advance in Q&A Functionality for the Virtual Data Room Industry

22 September, 2010

Los Gatos, Calif. - September 22, 2010 – ShareVault, a leading provider of next generation virtual data rooms, has released a new Q&A software module which will provide unprecedented functionality, convenience and ease of use to its virtual data room customers.

ShareVault has put the Q&A module into a full functioned dashboard including a complete list of all questions and answers for all subject categories. In addition, ShareVault has included all the features that customers have been asking for in a Q&A module. Among these are full text search of all questions, a centralized repository for all questions involved in the transaction, and thread permissioning, which routes all questions and answers based on permissions and security clearances.

Another key feature included with the new ShareVaultTM Q&A is Workflow, which allows a moderator to refer deal related questions to the appropriate knowledge expert to answer. The moderator then sees and approves each response before it is sent to the question originator who is automatically notified that their question has been answered and directed where to find the answer. A further advance is the Ask on Behalf of feature which allows the moderator to ask questions on behalf of an email questioner.

“The ShareVault Q&A feature allows Redwood to consolidate and archive all comments and questions from various parties in one location, rather than having to sort through numerous emails sent to different data room administrators from different constituents to track down one question or response,” states Eric Treu, Associate, Redwood Capital.

ShareVault has gained popularity particularly among biotech, financial services and legal services firms as the trusted platform that allows them to successfully share critical information most commonly used in business development, partner development, and fundraising activities.

The ShareVault virtual data room also includes the following features:

  • High, speed encrypted connection;
  • PDF streaming, which enables large documents to open instantly;
  • “Drag and Drop” file indexing, PDF conversion and upload capabilities;
  • Customizable access control and policy-based security features;
  • Detailed activity tracking and reporting;
  • Full-text search;
  • Worldwide access;
  • Visual content browsing;
  • In-place editing of tags and permissions
  • 24/7 customer support

“We have developed what we believe to be the most advanced, most intuitive virtual data room on the market and plan to continue to maintain our product leadership position moving forward”, says ShareVault VP of Marketing and Product Management, John Badger. “We are happy to be able to offer this latest software advance in the Q&A function so our customers can continue to experience the best in data room technology.”

Among customers already using or soon to be using the ShareVault Q&A module are well known firms such as Abbott Laboratories, Oracle, Orexigen, Mission Capital, Calera, Walgreens, Delta Airlines, Jazz Pharmaceuticals, Rothschild, Redwood Capital, LG Life Sciences, Thompson Reuters, Cortex, Stanford University, Varian, Tranzyme Pharma, Howard&Howard, Limerick Bio, Morrison&Foerster and Cairn Capital.