A virtual data room (VDR) is an online repository used to store sensitive and confidential information. VDRs are commonly used by companies in mergers and acquisitions. Cyber-attacks are increasing and many large companies have adopted VDR solutions in order to decrease the possibility of unauthorized access. VDRs also provide a simple and secure way to share information with investors.
Investment bankers are among the most common users of VDRs. They employ them during capital raising and M&A processes, which require copious amounts of sharing of information. Additionally, they can help companies structure their data to discover patterns and trends that would otherwise go unnoticed. There are many small- to medium-sized independent companies that serve the VDR market.
In addition to a comprehensive array of features, a lot of VDR providers offer competitive pricing structures. FirmRoom, for example, insists on full transparency of pricing and has built a customer base that spans from small consulting firms to blue-chip corporations like KPMG and JPMorgan Chase. In a field that’s still growing, it’s essential for customers to pick an option that is compatible with their specific business requirements.
The report from IMARC studies the global virtual data room market and provides deep information on market drivers, obstacles and opportunities across the most important regional markets. It also provides Porter’s five forces analysis to assist people in assessing growth potential of the industry.
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