The traditional data room is literally a physical, secure continually monitored room which the bidders and their advisors will visit in order to inspect and report on the various documents and other data made available as part of a due diligence process.
Ferrier Hodgson makes use of virtual data rooms, which provides for the secure, online dissemination of confidential information. A virtual data room (VDR) is essentially an Internet site with limited controlled access, using a secure log-on supplied by us as the authority which can be disabled at any time. Much of the information released will be confidential and restrictions should be applied to the viewers' ability to release this to third parties by forwarding, copying or printing. This can be effectively applied to protect the data using digital rights management (DRM). Detailed auditing must be provided for legal reasons so that a record is kept of who has seen which version of each document - when and for how long.
These data rooms are generated and hosted by Ansarada who is a virtual online data room specialist providing simple to use, secure virtual data room facilities protected by the highest levels of security.
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