Corporate Virtual Data

Corporate virtual data refers to information that businesses share with other parties in a safe online environment. Documentation usually contains sensitive, critical business data that is of huge significance to the organization or the business sharing it. VDRs are often used in M&A due diligence fundraising, and other corporate events.

Life Sciences companies, such as biotech and pharmaceutical companies have specific requirements for their informative post online documents. They require a platform that is HIPAA secure and FDA approved (business associates) that allows them to securely share documents among auditors and portfolio companies. VDRs provide these businesses with an encrypted and secure pipeline that permits the recording of document access and downloads. The ability to establish time-limits for access will ensure the privacy of this important field.

Due Diligence

In M&A activities, it is common to require disclosure of large volumes of sensitive information to potential buyers. To speed up the process it is essential to have a platform that is easy to use and secure. VDRs allow this to be done and can speed up the process of completing the transaction.

Fundraising

Startups and other businesses that seek growth need to frequently disclose confidential data to investors in order to secure funding. This can be a long process that requires the sifting through a myriad of documents. Virtual data rooms permit investors from all over the world to review the documents quickly, ensuring that the process is efficient and accurate. This also helps to increase the amount of bidders competing and may even increase the price of selling the company.

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