July 19, 2012
The closed and secure global deal matching platform for M&A professionals, DEALGATE (Zurich), has announced the signing of a Strategic Agreement with V-Rooms™ Virtual Data Rooms (Dallas).
Recognizing the growing number of cross-border transactions and the need for affordable, secure document exchange and collaboration, DEALGATE has partnered with V-Rooms™ as their preferred virtual data room provider.
Online networks, like DEALGATE, are playing an increasingly important role in the globalized M&A business. When an M&A professional uses DEALGATE’s deal matching platform, they are able to expand the network globally while still operating in a secure and closed environment. A local DEALGATE member might have access to a potential target or buyer that would be far beyond the reach of standard networks.
Because of globalization, the catchment area encompassing the interested buyers for a company has been greatly extended. Transactions have become more international even for medium-sized companies. M&A advisors usually look for the names of potential buyers within suppliers, competitors, customers, personal contacts, etc., with limited results. This effort is indispensable and quite time consuming, and yet it still does not identify all the eligible candidates. What is missing is the necessary transparency mixed with controlled confidentiality.
According to Beat Dolder, Founder of DEALGATE, “Teaming up with V-Rooms™ means linking two successive steps of the M&A process: community networking and confidentiality. This will be an advantage for both companies’ clients.”
In a recent example, V-Rooms™ played a key role in working with a Paris-based investment banker who was representing a Canadian company owner in the sale of the company to a Hong Kong buyer. Needless to say, without an efficient global virtual data room platform, the logistics involved in completing the deal could have been insurmountable.
“At V-Rooms™, we are very excited about this alliance with DEALGATE. This is another step in the true globalization of our virtual data room platform”, said Dan Bradbary, Founder and CEO of V-Rooms™. “Over 25% of the inquiries we receive for our program’s service are from foreign entities, and that trend is growing each month.”
The partnership with V-Rooms™ will be especially convenient for sellers, who will have access to virtual data rooms for confidentially providing preliminary deal-related information as well as the following detailed due diligence documents that will be made available to potential buyers. The accessibility to this sensitive information will be totally under the control of the seller and his M&A advisors. The resulting benefit of the alliance between DEALGATE and V-Rooms™ is the bringing together of the network and the secure and confidential file sharing platform.
DEALGATE is the global deal matching platform, providing a closed and secure environment where M&A professionals can exchange buying and selling opportunities of enterprises. Members of the DEALGATE community can post mandates or ideas anonymously, allowing for absolute discretion, and they can even target which groups within the network can see their postings. One of the DEALGATE members might have access to a potential target or buyer beyond your research or network.
V-Rooms™ provides a cloud-based, customizable virtual data room (VDR) solution that is designed to streamline document management, collaboration, exchange and archiving for financial, legal and corporate professionals. The V-Rooms™ Software-As-A-Service (SAAS) secure document portal facilitates the secure exchange of sensitive information providing compliant and auditable transactions. V-Rooms™ enables the acceleration of complex, information-intensive processes while reducing the time and expenses associated with data distribution, courier, printing and travel. Additional information can be found at http://www.V-Rooms.com.