Storage virtualization is an approach that allows applications to access data regardless of physical storage locations, which saves organizations from massive up-front financial commitments. It also eases the burden of the datacenter by allowing applications be run on a greatly reduced number of servers.
Startups require a secure platform for storing and sharing documentation with potential investors in order to conduct due diligence. A VDR like iDeals eases the process by providing a variety of features that promote collaboration.
Venture capital and private equity firms need secure and streamlined communication channels with portfolio companies. VDRs are a VDR allows for a seamless and secure way to keep and share sensitive data outside the firewall.
Many biotech and pharmaceutical businesses work with extremely sensitive documents that must be stored, reviewed, and shared in a HIPAA-compliant way. A HIPAA-certified VDR, such as iDeals is the ideal solution for these businesses.
In mergers and acquisitions, many documents must be shared. A virtual data space provides the security to review and collaborate on these documents, which significantly speeds up the process of negotiating deals and saves time. A VDR can also provide a number of useful tools to speed and simplify the process, such as questions and answers sections, as well as file annotation. This means that the entire team can work effectively and effectively on a project without relying on email or other platforms.