Corporate Virtual Data

Corporate virtual data refers to information that businesses share with other parties in a secure online environment. The documents usually contain highly sensitive business-critical information which is of immense value to the organization or company sharing it. VDRs are utilized during M&A due diligence, fundraising and other organizational events.

The Life Sciences industry, such as pharmaceutical and biotech companies, have specific needs for their online documents. They require an HIPAA-compliant platform and FDA-approved (business associates) to securely share documents with partners, portfolio companies, auditors, and others. VDRs give these companies an encrypted, secure pipeline that allows tracking of access to documents as well as downloads. Setting time-limits on access is an excellent method to ensure security in this crucial area.

Due Diligence

When it comes to M&A activities there is a common need to disclose large volumes of confidential data to potential buyers. This requires a platform that is secure and easy to navigate in order to speed up the process. VDRs facilitate this and aid in speeding the process of getting the transaction completed.

Fundraising

Startups and other companies seeking growth must often disclose confidential information to investors in order to secure funding. This can be a lengthy procedure that requires the deconstruction of thousands of documents. Virtual data rooms permit investors from around the globe to look over the documents in a simple manner, ensuring that the process is effective and accurate. This also increases the amount of bidders competing and may even aid in increasing the price of selling a business.

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