How the Virtual Data Room Boom Is Transforming Business Transactions

The Virtual Data Room (VDR), a more secure version of conventional cloud storage, is becoming increasingly popular in 2017. This digital system is commonly used to advance online data transactions and corporate exchanges. Its technology allows negotiating parties in a business deal to exchange crucial information more rapidly, regardless of the dis…

Why Your Business Absolutely Needs a Virtual Data Room

A virtual data room (VDR) is simply a more secure -- though still virtual -- version of the conventional cloud storage that has been accepted and so widely used by individuals and businesses alike. According to Webopedia, “VDRs are assumed to be secure and confidential virtual meeting rooms where buyers, attorneys, accountants and other profes…

How the Virtual Data Room is boosting Mergers and Acquisitions

Mergers and acquisitions are mainstays of the corporate world, but how much do you really know about what makes them tick? The virtual data room, or VDR, is critical to the behind-the-scenes heavy lifting of modern M&A. Although they typically go overlooked in M&A news reports and analysis, VDRs represent a huge industry in their own rig…

Five reasons you need a virtual data room

As everything goes digital, it becomes more and more important to establish new methods for quickly disseminating information. It isn’t enough to simply store files on a hard drive; they need to be accessible and well-organized. A well-managed file system can help ensure that nothing falls through the cracks, and giving the right people consta…

Virtual data room provider is bringing AI to the due diligence process

London-based Drooms, which is one of the biggest European providers of virtual data rooms, is utilising artificial intelligence (AI) and natural language processing to support its international expansion into new markets. The firm has revealed that it is has been adopting the nascent technology to automate some of its services and increase its eff…

Top 10 Best Virtual Data Room Providers – Reviews and Comparison of Services

Virtual Data Rooms are a fast-growing sub-sector of the cloud storage industry. They offer many of the same advantages that the public cloud does to its customers, including convenience, cost and scalability. There are also some of the same issues that need to be considered when using VDRs, such as security. Whilst security is an important issue fo…

Understanding the Technology Behind Virtual Data Rooms

The Virtual Data Room (VDR) market is set to be a billion dollar business over the next couple of years. A report published by IBISWorld pegs the current industry revenue at $832 million with annual growth rates of around 13.7%. So what exactly are virtual data rooms and how do they work? Here’s a primer on the technology behind VDRs. What Is …

Virtual Data Rooms for Business – Advantages and Disadvantages

According to the release of KPMG, dated the 1st of September, analysts predicted that the desire and capacity for M&A transactions among the largest companies of the world would increase over the next 12 months.Due diligence is often considered to be crucial to the success of a deal. In any case, it is at least a very important part of a transa…