We are extremely proud with the multiple awards that we have received from ACQ5 and M&A Today. The awards reflect our continued commitment to make our client's experience simple, fast, secure and easy in using a Virtual Dataroom.
We are extremely proud with the multiple awards that we have received from Acquisition International voted by our clients and peers. We have been awarded Best Data Room Provider in the 2017 M&A Awards and 2017 Business Excellence Awards:
Technology is a critical piece of the business and all technological tools need to be operating at peak performance for a business to be able to maximize its operation, services and sales.
The use of virtual data rooms increases every year, and while North America remains the biggest user of the technology, Europe and Asia are rapidly catching up. The growth is driven mainly by a few key factors, which all fit comfortably under the heading of due diligence. Data room technology offers the ability to reach across borders. It speeds up processes by reducing time frames and frustrations of document access during high-level deals, and gives peace of mind to all parties involved.
Sharing documents online is second nature to most of us. We need to share documents to demonstrate the work we have done, to get comments and feedback, to enable us to collaborate with our colleagues, partners and consultants and sometimes to get our boss to sign, scan and send us back the document so that we can record another successful sale. Whatever the purpose, I am sure that you want to know what is the best way of sharing your documents online. I will go through all the 7 options available to you:
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 capabilities tailored for secure transactional work, while consumer type services cater to the common user. If you are managing an enterprise, you would be unlikely to want to leave information on something that is designed for individuals. Here, we examine the factors you should consider when choosing between using Dropbox or a virtual data room:
Built with a higher level of security required to run an enterprise, there is good reason why virtual data rooms are used by banks and government agencies. Virtual Datarooms main foundation is security while consumer based services are based on ease of use and mass adoption with security many times as an afterthought. As a matter of fact, there have been significant high profile security breaches in most of the consumer focused companies.
Virtual data rooms allow you to remotely control users rights to documents after they have been uploaded; so that if a deal ends or a user is removed from a project, you can lock down access to the document he has saved. In addition to other basic security measures, some data rooms also let users add a personalized watermark to their documents and block the “print screen” key for viewers.
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 process.
Virtual datarooms replaced physical datarooms years ago, mainly used during the due diligence process. But it is now that we are really seeing the additional benefits of a dataroom in the early steps of a transaction:
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 old days before online security became a critical issue, FTP was the answer to transferring information, particularly large files. The problem is, FTP is 40 years old now, and that’s ancient in terms of information technology.