Virtual Data Rooms (VDRs) grew out of the need for secure online repositories to share documents during mergers and acquisitions.  VDRs are now used in a number of industries such as real estate, pharmaceuticals, the financial and legal communities and many others. New uses of the platform are constantly emerging.

Security and reliability are key to the acceptance of most technology solutions for global collaboration.  Vite iRooms has solved questions concerning data protection with banking level on-line security, compliance with data protection laws and independent security audits.  Vite iRooms is able to greatly reduce the logistical headaches and costs of providing concurrent access to large numbers of geographically dispersed participants via the internet. 

Accessing these secure websites not only boosts speed and efficiency of the due diligence process but also has the potential to attract more bidders.  Geographical boundaries are no longer an issue.  Data room administrators can maintain complete control over the entire transaction; often more effectively than with conventional paper-based processes.

Vite iRooms intuitive user interface and dashboard allow even those uncomfortable with technology to quickly embrace the platform.  Vite iRooms staff are always on hand to manage the process for you, to train your staff to set up and manage your VDR or for any other assistance you may require.  You may also choose to self-manage authenticated access and reporting once the transaction is underway. 

Most important, Vite iRooms requires no additional hardware, software or changes to your firm's security environment making getting started a quick and smooth process.