Virtual data rooms are a crucial tool in the world of data. They facilitate the safe and secure storage and sharing of documents among employees and external parties. VDRs are not only used for M&A or due diligence. They can be used in many other ways. For instance, businesses often decide to establish strategic partnerships with other companies in order to develop new products or expand into new markets, and those partnerships require the sharing of documents.

As the demand for VDRs grew, vendors were quick to benefit from this opportunity to develop solutions that could meet that demand. VDR providers are now more sophisticated than they were at the beginning. At first, the majority of these solutions were developed through their relationships with Financial Printing companies. Intralinks RR Donnelly Merrills each had their own data rooms and Sterling released IRooms.

The increase in acceptance of virtual data rooms was continuing and, according to IBISWorld, revenues generated from this category of software reached more than $800 million in 2017. Some companies provide basic software without any customer assistance, training or support. Some have an on-call team to assist customers and provide a suite of tools which simplifies the M&A processes.

CapLinked is a good illustration. CapLinked lets users access and manage the information they need for a transaction, from anywhere with any device. Its features include the ability to create multiple projects, customize access by granting specific permissions. Add NDAs. Apply watermarks. Include project-specific Q&As. Set up automatic indexing. CapLinked allows you to create reports that are sent out automatically. CapLinked you can also schedule reports to be sent out to users via email so that they are aware of any changes to the project at any time.

real estate data rooms