VDRs: The Role of Virtual Data Rooms in the Current Climate
Reprinted with permission
Financier Worldwide
by Muazzin Mehrban
August 2009 — The economic climate over the last 18 months has been turbulent, and consequently, many distressed businesses have been compelled to restructure their operations by selling off non-core divisions. But this is easier said than done, and struggling companies are expected to complete such moves as quickly and cheaply as possible in order to improve their chances of survival. Anything that can speed up the sale process is being considered, and an increasing number of companies are turning to virtual data rooms (VDRs). These digital platforms provide a secure, online repository for information, from which users can easily store and distribute documents. Indeed, in the majority of situations they are preferable to physical data rooms, which tend to be more costly and time consuming – factors that companies close to collapse are keen to minimise. Read more >>
