Atlanta, GA, March 18, 2011
V-Rooms™ Virtual Data Rooms continues to enhance it third generation (3G) solution to provide additional information security features to address concerns highlighted by the recent release of confidential corporate information to Wikileaks.
V-Rooms , a product of Due Diligence Online, LLC and a leading provider of virtual data room (VDR) solutions, announced today that company management will be staffing the exhibit booth at the Association of Corporate Growth (ACG) InterGrowth 2011 Conference in San Diego (March 21-23), and that it will be highlighting these security features which are applicable well beyond M&A transactions into areas such as boardroom communications, life sciences and private equity fund administration.
With information sharing now available at the touch of a button in this era of the Internet, the dilemma is how to keep confidential information secure. As organizations share reams of documents for transactions and various ongoing operations, it becomes increasingly challenging to allow the open exchange and collaboration of large volumes of highly sensitive documents while maintaining limited, yet functional, access control.
“We have recognized the need to introduce additional administrative controls to our third generation (3G) VDR solution to allow our clients to better protect their assets and intellectual property. As we see the expansion of our V-Rooms program adopted for ongoing operations, such as board of director communications, the security of these documents becomes even more critical,” said Dan Bradbary, CEO of V-Rooms.
By providing the level of security that is available to keep documents secure within a corporate firewall, our virtual deal rooms allow secure collaboration with employees, partners, attorneys, bankers or other parties who may be geographically dispersed. Our system also provides even more useful data about how users are viewing, exchanging and printing documents, when, and from which platforms and devices. Having such an audit trail provides even more accountability in complex business transactions, and goes a long way in controlling the leakage of sensitive corporate information.
Due Diligence Online, LLC (800-731-6379). V-Rooms provides a privately-branded online virtual data room solution, designed to streamline document management, collaboration, exchange and archiving for Financial, Legal and Corporate professionals. Our document repository facilitates the compliant and auditable exchange of sensitive information to accelerate complex, information-intensive processes, while reducing the time and expenses associated with data distribution, courier, printing and travel.
Karen Perkins KPerkins@V-Rooms.com Phone: 800-731-6379