Nowadays, businesses depend on the exchange, receiving and generating information. Email FTP, email, and cloud-based file-sharing are all electronic tools that can be used to share files. However, when it comes down to managing critical company information in an secure, reliable environment with an international network of users, many companies turn to the next generation of online data exchanges virtual data rooms.

VDRs are highly sophisticated online information exchanges useful site that feature robust document protection as well as collaboration and communication features. They are used to securely save and share documents as well as other media with an international network of users with 24/7 availability and support. They can be accessed from any tablet, computer or mobile device that has internet access. They’re perfect for confidential and sensitive documents and can be used for a wide variety of business needs, including due diligence, fundraising and strategic partnerships.

VDRs help in due diligence during M&A transactions. Both the buy-side as well as the sell-side require a space to store and examine the necessary documentation. VDRs enable companies to simplify their strategic partnership processes which is a vital element of growth strategies.

The technology behind these online repositories has developed significantly in the past five to 10 years, and numerous vendors offer a range of pricing models, ranging from pay-per-page upload charges to per-user fees to add or remove users. When selecting the right VDR look for transparency in pricing as well as practical features that are used more frequently than those that are not. The iDeals platform has a simple interface and is highly efficient. We’ve used it in the past to complete 3 multimillion euro/dollar M&A deals and we’re a satisfied customer.