virtual data room

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virtual data room

The online equivalent of a physical room that is set up for viewing confidential documents when performing due diligence in such matters as mergers and acquisitions, rounds of venture capital, IPOs, court trials and other legal transactions. The virtual data room (VDR) is a highly secure website to which data are uploaded and available to qualified participants by strong passwords.

Search with Restrictions
The software that implements a virtual data room offers a variety of search functions with numerous restrictions. For example, certain parts of documents may be excluded from viewing, copies may be prevented, and visitor actions may be thoroughly logged by time, date and documents viewed. See extranet.
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Data rooms for information on an oil and gas licencing round covering onshore and offshore areas of Ras Al Khaimah opened yesterday in London and Ras Al Khaimah, according to a statement on the website of government-owned RAK Gas.
com), a provider of virtual data rooms and services for regulatory disclosure, announced that Bartek Czajka, an expert in International Financial Reporting Standards (IFRS) Taxonomy, has joined the company as Director of XBRL Consulting Services, the compant said.
Firmex is a global provider of virtual data room and secure document sharing solutions.
V-Rooms conducted months of deep usability research and testing with its customers and advisors resulting in an award winning, best-in-class, virtual data room solution.
ConocoPhillips was opening the data room to offer its share to other investors, spokesman Joang Laksanto confirmed to Reuters.
Eight persons (natural and legal persons) would be currently present in the data room.
These may either be provided in a physical data room--an actual room filled with filing cabinets containing documents, which may be viewed by the investor and its advisers, or a virtual data room, which provides web-based access to the same information.
AU), a United States-based coal mining company, has opened a data room for various companies interested in the coal miner.
The new release features: Virtual Data Room upload tool, which supports uploading a high number of documents to virtual data rooms, offering increased manageability; large document uploads, allowing the secure upload and storage of PDF and Microsoft Office documents of unlimited size; offline document plug-in, enabling users to view secure PDFs, Microsoft Word, Excel and PowerPoint documents; additional administrator features; and additional compliance features.
Almost all deals are done using virtual data rooms today, even if there is a physical data room as well," says Jordan Ellington, president of TransPerfect Deal Interactive.
8 said it opened a data room to initiate a Joint Venture Opportunity to participate with the Company in drilling offshore Guyana.
Mr Llambias said: "The data room will be open on Wednesday, which will allow the groups who have proved they have the money to buy the club to look at the books.