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Virtual Data Room
Last modified: Friday, January 27, 2006 

A Virtual Data Room (VDR) is a series of proprietary extranets that provide an online repository of data. The Virtual Data Room enables parties to view documents relevant to a particular transaction for authorized users. Documents are stored in electronic format on a central server and accessed via the Internet. VDRs are assumed to be secure and confidential virtual meeting rooms where buyers, attorneys, accountants and other professionals can review sensitive documents. Initially, VDRs were mainly used by lawyers to meet with clients, but today VDRs are used in a wide array of businesses where a cost-effective way to eliminate the need for a physical data or consultation room is needed.

A Virtual Data Room is commonly called a Virtual Deal Room.

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Related Links

Bowne Deal Room Express
Bowne Deal Room Express is an advanced Virtual Deal Room that offers ease of use, the highest quality of service and simple pricing.

Micromedia Online Data Hosting
Micromedia.s service revolutionizes a manually intensive operation of processing purchase invoices, from receipt to payment.

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related categories

Business Computing

Business Tools

related terms

authentication

authorization

B2B

extranet

firewall

intranet

password

user

username

virtual

virtual conferencing


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