Virtual data room: what it is and why it’s important

By Ethan Nobles on 2:03 AM

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combo When it comes to certain business and financial transactions, a physical data room is often utilized during the due diligence phase of mergers, acquisitions, certain loans, debt restructuring, etc.

In short, we’re talking about transactions in which sensitive information is shared. Access to it must be controlled, so the information is generally stored in a physical data room where people can keep an eye on it.

The problems with a physical data room are somewhat obvious. They are expensive to maintain, require people to travel to them, are full of documents that must be categorized and watched like a hawk, etc.

The solution? A Merrill Virtual Deal Room. What’s that?  Simply put, it allows for the same advantages of a physical data room with none of the disadvantage. A virtual data room is located on the Internet and offers 24-7 access to critical data while enabling parties to restrict access to that information and take measures to make sure the information is not copied and distributed outside the room.

In other words, you get all the control offered by a traditional physical data room (and then some), plus easier access and less cost. That makes sense. Check the aforementioned link to check it out.

By the way, Merrill offers more than virtual data rooms. It also offers certified translation services and medical translation. Good stuff.

2 comments for this post

sbo

I realize those are forsbobet doggies but I would be hard pressed not to eat one ;)

Posted on March 19, 2012 at 11:41 AM  
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Posted on September 18, 2012 at 11:30 AM  

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