In the M&A sector – as in many other industries – different concepts for the data room are buzzing around. However, as is the case with only a few, the term is a protected concept for a „protected area in which the company to be sold provides a collection of documents for the purpose of due diligence (DD)“. As the encyclopaedia Wikipedia puts it so beautifully.
Meanwhile, other terms are also buzzing through cyberspace and German M&A offices. The most famous creation is Virtual Data Room, abbreviated VDR. The abbreviation is used rather rarely, also in the country of origin USA. Some vendors in Germany prefer the „VDR service“. Others also want to emphasize the issue of security. This is where the „Secure VDR“ comes from.
Dataroom international, dataroom German
Dataroom is the international name, data room of the common German: The „virtual“ underlines that it is a digital room, in which the documents are available for viewing and download protected. Even if dataroomX® is a German product with the English generic name and gladly proves the security in German program development and hosting in Germany, the term Dataroom is quite common at international locations like Frankfurt, Berlin and Munich.
DataroomX®: The data room with the „X“
However you speak of it, the data room with the „X“ helps you with your finance due diligence – choose dataroomX®!