VDR providers are accredited vendors of secure cloud software and document repositories that meet the digital standards needed to store documents for business in an online environment. They offer advanced security, including the ability to control permissions in a granular manner, and allow collaboration between team members as well as external parties. They are an essential tool for due diligence in mergers and acquisitions (M&A) and fundraising and more.
A reliable VDR provider will offer a simple, easy user interface and a mobile app that make it easy for users to navigate the platform upload files, and find information quickly. They should also offer many support resources like training materials including FAQs, training materials, and an in-house customer service team that can assist in any issue or query. Depending on their plan they may offer live chat or email support. They may also be available during normal business hours or 24/7.
Certain vdr companies particular focus on the needs of specific industries. For instance, Intralinks offers unique features for companies operating in the biotech and pharmaceutical industries. CapLinked is another example, which specializes exclusively in M&A transactions involving mid-to-large-sized companies. Other VDR providers, such as DataSiteOne and Firmex, have extensive experience facilitating M&A deals for Fortune 500 companies. Still others, like Ansarada, are well-versed in assisting businesses with international transactions.