The Virtual Data Rooms Evolution

In an age where data is king there is no reason why virtual data rooms are now an essential tool for businesses of all sizes. They provide secure and efficient storage and sharing of documents with employees and with external parties. VDRs aren’t just for M&A or due diligence. They can be utilized in a variety of other ways. For instance, companies often opt to create strategic partnerships with other companies as a means to produce new goods or to enter new markets and those partnerships require a anonymous lot of document sharing.

Vendors quickly seized the opportunity as demand for VDRs was growing and they came up with solutions that would satisfy this demand. As a result, VDR providers have come quite a ways from their humble beginnings. The initial majority of these solutions were based on connections to Financial Printing companies: Intralinks, RR Donnelly and Merrills all had their own data room solutions, and Sterling launched iRooms.

The increasing acceptance of virtual data rooms was continuing and, according to IBISWorld the revenues generated by this type of software amounted to more than $800 million in 2017. While some companies offer an uncomplicated system with no support or education for customers while others have dedicated teams on call for customers and provide an complete suite of tools to aid in the M&A process.

CapLinked is a good example. The platform allows users to access and manage all the necessary information needed for an transaction from any location and on any device. Its features include the possibility of creating multiple projects, manage access with customized permissions and add NDAs, apply branding and watermarks, add notes or Q&As for specific projects and automate indexing. CapLinked allows you to create reports that are sent out automatically. CapLinked you can also schedule reports to be emailed to users via email to ensure that they are aware of any changes to the project at all times.