I Need To Setup A Virtual Data Room. Should I Use Dropbox

Why should you pay for a Virtual Data Room when file sharing platforms as Dropbox or Box.net or Google Docs are free? When it comes to sharing important confidential documents, it’s important to be able to distinguish between these different online services. The short answer is that they were built for different purposes. VDR’s have advanced ca…

Managing a Virtual Data Room in Early Stages of Your Transaction

The actions you take in the early stages of a merger or acquisition transaction through a Virtual DataRoom will set the tone for the remainder of the process. This can be daunting, especially if you’re new to the environment, but by planning ahead and giving special attention to certain policies and procedures you can ensure a smooth, streamlined…

3 Reasons to Change to a Virtual Data Room

If you’re still using FTP or other consumer storage and transfer solutions for your business requirements, here are 3 reasons to switch to an secure modern solution such as a virtual data room. Remember when you discovered FTP (file transfer protocol) and you thought it was so advanced to be able to upload your data to cyber space? In the good ol…

5 Factors To Compare Virtual Data Room Providers

Comparing services offered by virtual data room providers is not as simple as it sounds. Each company offers different options, which makes it challenging to compare apples with apples. Here are five factors for use in identifying the “critical elements” of each company’s offering, to ensure that the vendor you choose can provide the services…

Physical Data Room Procedures

Physical data rooms are quickly being replaced by virtual data rooms, partly because of the complex procedures that are necessary to protect the information held in these rooms. Having confidential deal information in a specific location means that the parties in a deal need to travel to and from the location each time they view documents, which al…

SecureDocs Virtual Data Room Releases Built-In Electronic Signature Feature

SecureDocs, an industry-leading virtual data room provider for secure deals, announced the addition of an electronic signature feature to their already efficient and robust data room solution. Making them the only provider in the industry offering this feature completely built-into the software - no clunky integrations, just seamless efficiency to …

How Can Lawyers Use Virtual Data Rooms In Their Practice

As I’ve discussed in the past, online collaboration platforms generally allow for far more secure communication than email and offer attorneys a secure online location for collaboration. But what types of specific transactions can be handled in online collaboration platforms such as virtual data rooms? Well, the answer depends on the type of l…

Private Placements – Why Not Use A Virtual Data Room

Recently, I have been talking to professionals that specialize in issuing private placements. A private placement is a funding round of securities that are issued to a select group of targeted, private investors. In my discussions, it has become apparent that there is an opportunity for professionals in this space to leverage the capabilities of a …

10 criteria to help you select a virtual data room

If you’re looking for a virtual data room, you’re most likely struggling to choose between the hundreds of options available. They all seem to do the same thing, but some cost more than others, some look flashy, and some promise functions that you have no idea if you need or not. So where do you begin? This quick guide gives you a list of te…

4 Key Benefits of A Virtual Data Room for Your Startup

The world is swimming in data. In 2008, the digital universe alone created 487 exabytes or 487 billion gigabytes worth of data. In this Harvard Business Review article, John Sviokla wrote that the figure would grow five-fold in 2012. That number could have ballooned by now. Can you hazard a guess? Can you also imagine how your startup is contrib…