17 Abr Corporate Virtual Data

Corporate virtual data refers to information that companies share with other parties in a safe online environment. The documents usually contain sensitive information that is of significant value to the business or organization sharing it. VDRs are utilized during M&A due diligence fundraising, and other corporate events.

The Life Sciences industry, such as pharmaceutical and biotech companies, have specific requirements for their online documents. They need a platform which is HIPAA certified and FDA approved (business associates) and able to securely share documents with partners, auditors and portfolio companies. VDRs give these companies an encrypted, secure system that lets them track the download of documents and access. The ability to set access time limits is a way to protect privacy in this important area.

Due Diligence

When it comes to M&A there is no unusual to have to divulge huge amounts of sensitive data to potential buyers. To make the process simpler it is crucial to use a platform that is user-friendly and secure. VDRs allow this to be done and aid in speeding the process of making the transaction.

Fundraising

Startups and companies looking to expand need to share sensitive information with investors to secure financing. This can be a long process that requires sifting through thousands of documents. Virtual data rooms enable investors from around the world to examine the documents in a simple manner, ensuring that the process is effective and accurate. This can also increase the amount of bidders competing and may even aid in increasing the value of the company.

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