We are extremely proud of the multiple awards received this year.
We are extremely proud with the multiple awards that we have received. The awards reflect our continued commitment to make our client's experience simple, fast, secure and easy in using a Virtual Dataroom.
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).
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?’
A Virtual Data Room is very different to a Dropbox or Google Drive. Here are 5 instances where you always should consider a VDR:
1) You’re sharing highly sensitive information and need 100% security
VDRs were built for enterprises to store and share confidential information about a transaction. Dropbox was built for people to quickly share photos of their pets and latest holiday with their friends.
The result is that security is paramount to data room providers.
VDRs have international third-party security certificates and data centers that are physically secured by biometric access and monitored 24/7. In comparison, Dropbox’s security has been breached on a number of occasions.
Furthermore, VDRs allow you to revoke access to a document even after a user has opened that same document. You can also keep all files (regardless of their format) protected with passwords, personalised watermarks and customisable NDAs. Dropbox only lets you password protect your links.
Deals are complicated and the life of a mergers and acquisitions (M&A) professional is not simple. A typical transaction involves multiple global parties accessing confidential data from multiple locations, as well as significant time pressure from all parties. M&A advisers are responsible for making the deal happen, facilitating the agreement of the parties and closing the transaction. There is no such a thing as a simple M&A transaction and closing a successful deal can rely on how fast and efficient the information is made available. A virtual data room (VDR) can help lighten the burden.
Penta discusses with EthosData how a startup organizes a seed round. Penta is a German digital-only bank for startups and small and medium entreprises, raised early this year a €2.2M seed round.
