Corporate Virtual Data

Corporate virtual data is data that companies share with other parties in a secure online environment. Documentation usually contains extremely sensitive, critical information that has great value to the company or company sharing it. VDRs are used during M&A due diligence fundraising, as well as other events.

The Life Sciences industry, such as pharmaceutical and biotech companies, have very specific requirements for their online documents. They need a platform which is HIPAA compliant and FDA approved (business associates) which allows for secure sharing of documents with partners, portfolio companies and auditors. VDRs give these companies security and encryption that allows them to track document downloads and access. The ability to set access time limits can help ensure the privacy of this important field.

Due Diligence

When it comes to M&A activities it is normal to require disclosure of large volumes of confidential information to potential buyers. To streamline the process, it is important to have a platform which is simple to use and secure. VDRs can facilitate this and can speed up the process of closing the transaction.

Fundraising

Startups and other companies seeking growth must often disclose confidential information to investors to secure funding. This can be a lengthy process that involves sorting through a myriad of documents. Virtual data rooms enable investors from all over the globe to look over the documents with ease, making sure that the process is effective and accurate. This also helps to increase the amount of bidders competing and may even http://dataroomcorp.com/best-virtual-data-rooms-for-board-communications/ aid in increasing the price of selling a company.