Virtual data rooms
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Published 26 September 2016 by Amanda Fisher
Virtual data room
- Provide a virtual data room of documents for deals, transactions and due diligence
A virtual data room (VDR) is often used during the due diligence process for mergers and acquisitions or venture capital transactions and OverDRIVE is a straightforward way to provide this. The various parties involved in the transaction - both internal and external - can simply log in to a website and review or check relevant documents such as a list of assets or financial information.
Strong security for access and viewing permissions is paramount of course and this is provided by using a Google account with the recommended security policies. Through Google Drive, all common document types can be uploaded to the website, including (but not limited to) Word, Excel, PDF making this a flexible and secure way of sharing information.
“A virtual data room.....up and running in less than 3 hours - a totally responsive product delivered by a totally responsive team”
Michael McHale, Head of IS & Technology, PegasusLife