October 24, 2013
V-Rooms™, the virtual data room experts, on Wednesday launched V-Rooms™ Lite, a low-cost, simple-to-use virtual data room meant for small scale transactions and ongoing company projects. V-Rooms™ Lite, which breaks the $100 per month barrier, fills a much needed void in the market for a low-cost, easy-to-setup secure document sharing platform.
V-Rooms™ Lite includes the security and regulatory compliance features that define V-Rooms’™ commitment to affordable secure information exchange, including dynamic document watermarking, security controls and audit tracking reports. V-Rooms™ Lite is designed for small scale needs and includes a room administrator account and up to 10 users.
“ V-Rooms™ Lite allows us to provide our expertise to a whole new segment of the market,” said Karen Perkins, V-Rooms’™ President. “We’re proud of our innovations and have created a highly customizable, secure data room that can be used by even the most budget conscious companies.”
“At one time, virtual data rooms were only used for the largest and most prestigious M&A activity,” said Catherine Smith, Marketing Director of V-Rooms™. “Virtual data rooms have now found a place in a variety of industries. Sharing documents quickly, securely and compliantly is a must, and V-Rooms™ Lite allows more companies to use these services consistently – not just when they need to do a special project.”
“We expect to continue to innovate with the virtual data room service and provide cost-effective, robust solutions for individuals and small companies. V-Rooms™ Lite is another step in our transition to meet the security needs of organizations and individuals – no matter how they share their documents,” said Dan Bradbary, CEO of V-Rooms™.
V-Rooms™ is compliant with all investor verification and Protected Health Information (PHI) requirements relating to the JOBS Act, HIPAA, Regulation D, Blue Sky Laws, the UK’s Safe Harbor laws, and SEC Rule 17g-5.
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.