V-Rooms Launches Multi-Use Management Tool for Fund Managers
V-Rooms™ Virtual Data Rooms provide private equity, venture capital and hedge fund administrators with a multi-functional management tool throughout the entire fund lifecycle which includes fundraising, buyside, sellside and investor reporting, rather than relying upon the historical methods of email, fax and overnight delivery.
Atlanta, GA, December 15, 2010 --(PR.com)-- V-Rooms™ Virtual Data Rooms (VDRs), a division of Due Diligence Online, LLC, provides private equity, venture capital and hedge fund administrators, investors, attorneys and investment bankers with the ability to coordinate the communication of confidential documents during all phases of fund management, which include fundraising, buy-side, sell-side and investor reporting.
V-Rooms was recently featured in Financier Worldwide magazine about how virtual data rooms provide a multi-functional management tool, called "Virtual Data Rooms - A Tool for Fund Administrators."
In the capital raising phase, certain information may be shared via a V-Room virtual data room with investors in response to a private placement memorandum. This is followed by the ability to issue buyside VDRs, with due diligence checklists, to companies targeted for acquisition. Once investments are made in these portfolio companies, investor reporting, especially important in the current regulatory environment, is a crucial function that can be streamlined with our program. As fund managers look to divest themselves of certain portfolio companies, sellside virtual rooms are used as they work with their investment banking partners.
"It has been very interesting working with our venture capital, private equity and hedge fund clients to expand the usage of our V-Rooms well beyond merely sell-side engagements,” said Dan Bradbary, CEO of V-Rooms. “This ongoing flow of communications, in a secure online environment, is even more essential now that fund administrators, investors, portfolio companies and management teams operate in a highly regulated environment.”
Fund administrators are able to respond to requests from investors by directing them to their Limited Partner Portal within the VDR, rather than extracting information and responding by snailmail, email, courier or fax. Most importantly, fund administrators are able to then confirm and document receipt of the information through the program’s regulatory compliance /tracking reports.
About V-Rooms:
Due Diligence Online, LLC (888-316-2047). V-Rooms provides a privately-branded online virtual data room solution, designed to streamline document management, collaboration, exchange and archiving for Financial, Legal and Corporate professionals. Our document repository facilitates the compliant and auditable exchange of sensitive information to accelerate complex, information-intensive processes, while reducing the time and expenses associated with data distribution, courier, printing and travel.
For more information Contact:
Dan R. Bradbary, CEO
Phone: 800-731-6379 email: DBradbary@v-rooms.com
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V-Rooms was recently featured in Financier Worldwide magazine about how virtual data rooms provide a multi-functional management tool, called "Virtual Data Rooms - A Tool for Fund Administrators."
In the capital raising phase, certain information may be shared via a V-Room virtual data room with investors in response to a private placement memorandum. This is followed by the ability to issue buyside VDRs, with due diligence checklists, to companies targeted for acquisition. Once investments are made in these portfolio companies, investor reporting, especially important in the current regulatory environment, is a crucial function that can be streamlined with our program. As fund managers look to divest themselves of certain portfolio companies, sellside virtual rooms are used as they work with their investment banking partners.
"It has been very interesting working with our venture capital, private equity and hedge fund clients to expand the usage of our V-Rooms well beyond merely sell-side engagements,” said Dan Bradbary, CEO of V-Rooms. “This ongoing flow of communications, in a secure online environment, is even more essential now that fund administrators, investors, portfolio companies and management teams operate in a highly regulated environment.”
Fund administrators are able to respond to requests from investors by directing them to their Limited Partner Portal within the VDR, rather than extracting information and responding by snailmail, email, courier or fax. Most importantly, fund administrators are able to then confirm and document receipt of the information through the program’s regulatory compliance /tracking reports.
About V-Rooms:
Due Diligence Online, LLC (888-316-2047). V-Rooms provides a privately-branded online virtual data room solution, designed to streamline document management, collaboration, exchange and archiving for Financial, Legal and Corporate professionals. Our document repository facilitates the compliant and auditable exchange of sensitive information to accelerate complex, information-intensive processes, while reducing the time and expenses associated with data distribution, courier, printing and travel.
For more information Contact:
Dan R. Bradbary, CEO
Phone: 800-731-6379 email: DBradbary@v-rooms.com
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Contact
V-Rooms
Dan R. Bradbary
888-316-2047
www.v-rooms.com
Dan R. Bradbary
888-316-2047
www.v-rooms.com
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