Reduce Transaction Costs up to 75 Percent using Virtual Data Rooms

Frankfurt, 12th May 2010 - A cooperative analysis of Data Room Services, the leading provider of virtual data rooms, and Remaco, who have been overseeing small and medium corporate financial transactions since 1969, showed that using a virtual instead of a physical data room can reduce the costs of a medium sized transaction by approx. 75 percent. The more parties involved, the larger the data room, and the higher the travel costs, the more cost effective a virtual data room will be.

The rising costs are one of the reasons that virtual data rooms have prevailed on the market in the last few years as a platform for exchanging confidential company information during transactions. In a virtual data room, several different parties can access documents simultaneously, independent of spatial or temporal limits. This is in clear contrast with the limitations imposed by a physical data room.

In addition, the seller is able to see exactly which documents have been accessed by prospective customers. The seller is then able to understand which information plays a decisive role in the decision making process from the customer's point of view. This brings transparency to the sales process and makes preparing for contract negotiations easier from the seller's side.

As costly shipment of documents, not to mention travel time and costs, is no longer required, the effort and cost of the process is reduced for both seller and bidders. The costs of the platform itself are quickly refinanced thanks to the optimized transaction process associated with the switch.

Contact

Meike Mohr
VP Marketing

Data Room Services GmbH & Co.KG
+49 (0) 69 478640 - 280
meike.mohr@dataroomservices.com
www.dataroomservices.com