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Virtual data rooms are in high demand, satisfying deal makers' increased needs for faster deal execution without sacrificing the quality of their due diligence. Oftentimes the players working on deals are spread across the globe and it's not practical to perform diligence the "old-fashioned way" in a paper-based data room. The advent of virtual data rooms allows today's sellers to set up a secure web site where documents can be organized in an index, posted to the site and viewed by prospective buyers from anywhere in the world, with all activity being tracked by the deal owner and viewed either by alerts or reports.
It's estimated that this year 35% of M&A transactions will be done using a virtual data room.
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