What is a Virtual Data Room?
New software portals called Virtual Data Rooms (VDR) have become increasingly popular in M&A and
other important legal, accounting, and real estate transactions. A Virtual Data Room (also known as a deal room or data site)
is an internet portal that allows documents to be posted in an organized way and allows parties around the world to access the
documents in an easy, secure, and totally auditable manner.
What are the benefits of online data rooms?
There are several key advantages to a Virtual Data Room compared to their physical counterparts:
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Virtual Data Rooms are
much less expensive to set up and administer than traditional data rooms. Virtual Data Rooms typically cost as little as
a few hundred dollars per month compared to the thousands of dollars in set up, travel, and administration required
by traditional data rooms.
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Because Virtual Data Rooms can be accessed from anywhere instantly, the due diligence
process is typically much faster when using a Virtual Data Room.
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Because of their ease of access, deals handled
by Virtual Data Rooms typically attract more bidders, ultimately leading to a higher acquisition price for the seller.
In today's fast-paced global economy, using traditional physical data rooms for due diligence can be a time-consuming and difficult process.
In addition to the hard costs of setting up a room and having bidders fly in to review documents, physical data rooms typically reduce the
universe of potential bidders and therefore lower the overall amount of an aquisition.
ShareFile: An easy, affordable Virtual Data Room
Many of the core benefits of a Virtual Data Room solution lie in its promise to save time and money and to reduce overhead
and maintenance issues. However, many existing VDR (Virtual Data Room) solutions are expensive and complicated to set up
and learn to use that they fail to deliver on the that promise.
ShareFile was designed from the ground up to be extremely easy to set up and maintain, requiring little or no involvement
from your already overburdened IT departments. Our solution has been user tested for 4 years by almost 1 million users
across thousands of businesses in 120 countries. It is an on-demand hosted service accessible from any web browser. We
handle software upgrades, storage provisioning, backup, and data security so your company can enjoy the benefits of
a Virtual Data Room without the hassles or large up-front expenses.
Best of all, ShareFile's data room solutions cost a fraction of what other providers charge, making virtual data rooms
affordable for small and mid market companies.
- Unlimited pages and data rooms for one low price
- Unlimited logins for bidders
- Ability to set "view only" permissions so users can see, but not download, your files
- Dynamic watermarking when viewing or printing files
- Users see only the folders they belong to
- Tracking and alerts to confirm that clients have received files
- Administrative reporting with full audit of all logins, uploads, and downloads
- Custom branded with your firm's logo and colors
- Offsite backup of all data
- Files are stored encrypted on our servers
- Daily 3rd party security audits
To evaluate ShareFile's Virtual Data Room solution, simply submit a request to see a demo or open a free trial.
Or, to speak with one of our enterprise sales representatives, call us at 1-800-441-3453 (international callers dial +1 919-324-6656).
About Sharefile
Based in Raleigh, North Carolina, ShareFile provides secure file transfer and virtual data room
solutions for almost 1 million business users in 120 countries. ShareFile was launched
in November of 2005.
Safe & Secure
You can rest assured that your most important files are safe from hackers and other unwanted eyes when you use ShareFile.
- Tracking and alerts
- 128-bit encryption
- Offsite data backups
- SAS 70 data centers