Start by asking the virtual data room these 10 key questions:
Early mornings. Late nights. Lots of running around in between... The life of running a startup!
If you are about to start work on an M&A, IPO, or fundraising deal, you’re also about to come across virtual data rooms (VDRs). A VDR allows multiple parties to share and collaborate on a deal’s critical information through a secure and encrypted web platform.
Now, you’re probably thinking, ‘why should I pay for a VDR when platforms like Dropbox or Google Drive let me do something similar, but for free?’. Well, to be precise, a Virtual Data Room is very different from Dropbox or Google Drive.
Here are 5 instances where you should consider a VDR, always:
Faster, simpler and more intuitive dataroom
- Quick access
- Faster navigation
- Easier to add content
- Bidder insights easier access
Mergers and acquisitions are a delicate process due to the speed at which they need to happen, the amount of legislation and compliance involved and the number of key stakeholders that need up-to-date, sensitive documentation at their fingertips.
Perivan, the UK’s leading financial printer, managed services and enterprise technology solutions provider and EthosData, a world-class, award winning, global Virtual Data Room specialist, have today announced a strategic partnership following the recent transfer of the Millnet Financial Printing business (EthosData’s previous UK partner) to Perivan.
M&A transactions are complicated, and with increasing compliance requirements and data legislation set to make the process even more difficult, it’s becoming harder to make quick decisions based on critical insight. With a need to focus on the deal, the efficiency of a successful transaction and a thorough due diligence process are becoming increasingly important.
Although the data is hard to pin down, the body of research suggests that around half of mergers and acquisitions fail to add any value. While this might make uncomfortable reading for any company about to undergo the M&A process, it is a timely reminder of the importance of the due diligence process and undergoing a thorough audit and evaluation process before anything is signed.