In a world where data is king, it is no wonder why virtual data rooms are becoming an essential tool for a lot of businesses. They provide secure and efficient storing and sharing of files among employees, and with outsiders. Although we usually consider VDRs with M&A and due diligence, they can be used for a lot more than that. For instance companies often establish strategic partnerships to access new markets or develop new products. These partnerships require a large amount of document sharing.
As the demand for VDRs grew and vendors rushed to take advantage of this opportunity to develop solutions that would meet that need. As a result, VDR providers have come quite a ways from their humble beginnings. Initially, most of these services were created through connections to Financial Printing companies: Intralinks, RR Donnelly and Merrills all had their own data room solutions, and Sterling released the iRooms.
According to IBISWorld the revenue generated by this kind of software was $800 million in 2017. Some companies provide basic program that does not provide any customer assistance, training or support. Some have a dedicated team available to assist customers and offer a suite of tools which simplify the M&A processes.
CapLinked is a great illustration. CapLinked lets users access and manage all the essential information needed for the transaction from any place and from any device. Its capabilities include the ability to create multiple projects, manage access with customized permissions including NDAs, add watermarks and branding, add notes or questions for each project and create automatic indexing. CapLinked allows you to schedule https://laptopnewssite.com/document-filtering-tools-and-automated-redaction-in-data-rooms/ reports that are delivered to users via email, so they’re always aware of any changes in the project.
