V-Rooms™ Validated for Life Science Clinical Trial Document Management

Saturday, May 31, 2011

Summary: The utilization of V-Rooms Virtual Data Rooms allows medical device and pharmaceutical companies to accelerate medical advances to patients by providing a document management tool to expedite the steps from discovery and/or design concept to commercial marketing.

Atlanta, GA (PRWEB) May 31, 2011 — V-Rooms Virtual Data Rooms has completed accreditation of their software solution in compliance with FDA Code of Federal Regulations 21 Part 11 Electronic Records; Electronic Signatures which defines the requirements for the creation, transmission and retrieval of electronic documents associated with pre-clinical and clinical trials.

“The medical product development process for turning new laboratory discoveries into treatments or products that are safe and effective is no longer able to keep pace with basic science innovation,” said Karen Perkins, President of V-Rooms. “Today stranslational research and clinical trial facilities are swimming in information and drowning in documents. Critical changes are needed to improve this development process by establishing and using new technological tools for document and data sharing, organization and management.”

Our V-Rooms have been assisting life science companies, including medical device, biotech and pharmaceutical firms, in their fundraising and strategic partnering efforts for years,” said Dan Bradbary, CEO of V-Rooms. “With our CFR 21 Part 11 validation, we can now provide a cohesive document management solution for a secure, compliant and easy to use portal for clinical and preclinical documents generated during the study process”

V-Rooms Virtual Data Rooms fulfills a critical need for a central documents repository, rather than relying on email, fax or courier of documents. Data Rooms fill this need for a technological tool that allows facility staff members and key sponsor personnel to access all of a site’s documents residing in a central, real-time accessible location. Different levels of user access determine what information is available to each user, complete with automated audit trails detailing document usage.

The solution enables study directors, sponsors and facility team members to manage, organize and retrieve the massive number of documents that are used by all members of the team during the study and then provides a platform for the assimilation of final study findings. Reports that are generated and returned to a study sponsor would shorten the amount of time needed for the clinical trial process, which translates into thousands and in some cases, millions of dollars in cost savings.

 

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V-Rooms™ Launches Board Portal Website

Atlanta, GA, May 18, 2011

Recognizing the increased interest in board portal software, V-Rooms™ Virtual Data Rooms has launched a separate website V-BoardPortal to help organizations streamline their board of director communications and improve calendar coordination.

To address the growing need for secure, online board of director communications, V-Rooms™, a product of Due Diligence Online, LLC, has launched a website to specifically assist corporations in setting up cloud-based electronic board book platforms for managing director level communications and activities.

For organizations to remain effective in today’s environment, their board members must travel frequently because of their geographic disbursement to work on a variety of projects. Meanwhile, they need real-time access to the company`s information to expedite decision making. There are a lot of logistics involved in these processes as directors and executives need to exchange timely and sensitive documents. Market conditions do not allow directors the luxury of waiting three months until the next board meeting. V-Rooms Board Portal solves these problems of time and distance, by providing a secure platform for information exchange and board calendar coordination via our proven online and globally available system 24x7x365.

“Based upon the demand and the growing acceptance of cloud-based systems, we have created a separate, focused website for our V-Rooms Virtual Board Portal solution. This is a natural extension of our Virtual Data Room (VDR) platform which has been used to streamline thousands of financial and legal transactions over the past six years,” said Dan Bradbary, CEO of V-Rooms. “On the new website, we will be providing suggestions and tips on how to implement a board portal and move away from hard copy board books, which by their very nature are costly and very cumbersome to distribute.”

Although, the Board Portal concept was initially driven by the Sarbanes-Oxley Act to provide better corporate governance, corporate board members have become more technologically savvy and weary of bulky board books. This Internet-based solution makes it easy for board members to access, review and exchange crucial business data, even granting access permission for specific documents to external consultants and partners. This is essential in today’s highly mobile and regulated environment where board directors in various locations create logistical challenges for the directors themselves, as well as those individuals responsible for administering boardroom activities.

About V-Rooms:

Due Diligence Online, LLC (800-731-6379). 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.

Contact:

Karen Perkins KPerkins@V-Rooms.com Phone: 800-731-6379

 

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V-Rooms™ Virtual Board Portal – An Economical Alternative

Friday, May 6, 2011

Summary: The V-Rooms Virtual Board Portal provides boards of directors with a highly secure, yet economical, Internet-based electronic board book platform for managing director level communications and activities.

Atlanta, Ga (PRWEB) May 06, 2011 — V-Rooms™, a product of Due Diligence Online, LLC, has launched the Virtual Board Portal which serves as an online replacement for the cumbersome three-ring binders normally used for board meeting materials. At an annual base cost of only $3,000, the V-BoardPortal offers a significant cost savings, compared with the printing, binding and shipping of hard copy documents.

The Board Portal concept was initially driven by the Sarbanes-Oxley act to provide better corporate governance through timely information access and increased director visibility. Additionally, corporate board members have become more technologically savvy and weary of bulky board books. The web-based platform makes it easy for board members to access, review and exchange the crucial business data they need in order to make better, more informed decisions. Now administrators are able to build board books, upload new versions of documents and instantly distribute this information. Directors are able to search historic documents 24/7, access current information and even cast their vote in the Board Portal secure system.

“Our V-Rooms Virtual Board Portal is a natural extension of our Virtual Data Room (VDR) platform which has been assisting in streamlining financial and legal transactions for over six years,” said Dan Bradbary, CEO of V-Rooms. “We are able to easily tailor our full-featured VDR program to economically meet the needs of board members of public and private companies.”

Corporate governance is becoming increasingly more complicated. Board members, along with their associated committees, executives and outside consultants generate and share highly sensitive information relating to topics such as strategic alliances, potential acquisitions, compensation and litigation. The V-Rooms Virtual Board Portal provides corporate directors with a highly secure and cost effective web-based environment to manage this critical information. This is essential in today’s highly mobile and regulated environment where board directors in various locations create logistical challenges for the directors themselves, as well as those individuals responsible for administering boardroom activities.

About V-Rooms:

Due Diligence Online, LLC (800-731-6379). V-Rooms provides privately-branded online virtual board room and virtual data room solutions, 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.

 

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V-Rooms™ Referenced as Virtual Data Room Provider in Gartner Report

Atlanta, GA, April 14, 2011

Gartner, Inc. – a leading information technology research and advisory company – identified V-Rooms™ as a provider of SaaS-based Virtual Data Room technology in a report recently released entitled “An Introduction to Virtual Data Rooms”

Gartner, Inc. – a leading information technology research and advisory company – identified V-Rooms™ as a provider of SaaS-based Virtual Data Room technology in a report recently released entitled “An Introduction to Virtual Data Rooms.” Virtual Data Rooms (VDR) are primarily used for financial, legal and medical document collaboration – all of which require the highly controlled exchange of proprietary and regulated information outside of the enterprise firewall.

A Virtual Data Room (VDR) is a secure, trusted portal for exchanging sensitive documents and information with those outside of an organization’s firewall – primarily nonemployees that may include investors, attorneys, accountants, regulators, bankers and potential buyers. VDRs host and serve documents, which may be created in-house or elsewhere, for end users to read online, download and possibly share with others, depending upon the privileges they have been granted.

“As Gartner began to explore the VDR space, we were pleased to be one of the firms that were interviewed for their research report,” said Dan Bradbary, CEO of V-Rooms. “Secure online communication portals are increasingly being used by organizations for the exchange of sensitive information now that executives are aware of the security shortcomings of distributing documents via e-mail and CDs in this era of WikiLeaks.”

Since information can be shared so easily with the touch of a button, the dilemma now is how to keep sensitive information confidential. As organizations share large volumes of documents for various operations and transactions, it becomes increasingly challenging to facilitate the required exchange and collaboration of reams of highly sensitive documents while maintaining control over who has access to this critical information. The V-Rooms Electronic Data Room system delivers valuable data about how and from which platforms and devices users are viewing, exchanging and printing documents. Having such an audit trail provides greater accountability in complex business transactions and helps to control “data leakage”.

To purchase a copy of the Gartner report, click here, “Introduction to Virtual Data Rooms“.

About V-Rooms:

Due Diligence Online, LLC (800-731-6379). 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.

Contact:

Karen Perkins KPerkins@V-Rooms.com Phone: 800-731-6379

 

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V-Rooms™ Virtual Data Rooms 3G Solution Highlighted at ACG Intergrowth

Atlanta, GA, March 18, 2011

V-Rooms™ Virtual Data Rooms continues to enhance it third generation (3G) solution to provide additional information security features to address concerns highlighted by the recent release of confidential corporate information to Wikileaks.

V-Rooms , a product of Due Diligence Online, LLC and a leading provider of virtual data room (VDR) solutions, announced today that company management will be staffing the exhibit booth at the Association of Corporate Growth (ACG) InterGrowth 2011 Conference in San Diego (March 21-23), and that it will be highlighting these security features which are applicable well beyond M&A transactions into areas such as boardroom communications, life sciences and private equity fund administration.

With information sharing now available at the touch of a button in this era of the Internet, the dilemma is how to keep confidential information secure. As organizations share reams of documents for transactions and various ongoing operations, it becomes increasingly challenging to allow the open exchange and collaboration of large volumes of highly sensitive documents while maintaining limited, yet functional, access control.

“We have recognized the need to introduce additional administrative controls to our third generation (3G) VDR solution to allow our clients to better protect their assets and intellectual property. As we see the expansion of our V-Rooms program adopted for ongoing operations, such as board of director communications, the security of these documents becomes even more critical,” said Dan Bradbary, CEO of V-Rooms.

By providing the level of security that is available to keep documents secure within a corporate firewall, our virtual deal rooms allow secure collaboration with employees, partners, attorneys, bankers or other parties who may be geographically dispersed. Our system also provides even more useful data about how users are viewing, exchanging and printing documents, when, and from which platforms and devices. Having such an audit trail provides even more accountability in complex business transactions, and goes a long way in controlling the leakage of sensitive corporate information.

About V-Rooms:

Due Diligence Online, LLC (800-731-6379). 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.

Contact:

Karen Perkins KPerkins@V-Rooms.com Phone: 800-731-6379

 

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V-Rooms™ Offer Free Data Upload for Canadian Clients

Atlanta, GA (Vocus/PRWEB) February 04, 2011

V-Rooms™, a leading virtual data room (VDR) provider, is offering its Canadian clients free data upload services to save costs associated with Canada’s new metered Internet usage laws, referred to as Usage-Based Billing (UBB). Clients may simply mail their files on CDs or DVDs to the V-Rooms staff, which will then upload their data for free, saving clients money in not exceeding bandwidth caps.

With UBB, Internet Service Providers (ISP) may provide end users with a very low upload/download cap, and charge them as they exceed that allowable amount. Monthly caps recommended have been as low as 25GB. For users who are viewing hundreds, possibly thousands, of documents and files in conjunction with a merger and acquisition (M&A) transaction, the bandwidth may easily be exceeded.

For those Canadian companies who are involved in cross border transactions, V-Rooms provides for a significant cost savings since the V-Rooms servers and ISP are located within the U.S. Therefore, when these documents and files are accessed by non-Canadian based end users, the bandwidth limitations do not even come into consideration.

“We are offering this free data upload service for our Canadian clients. However, we feel that the costs associated with UBB upload/download bandwidth caps will prompt some companiesto move technologically backward, relying on paper, fax and courier services to exchangesensitive information. Actually, a new company is offering to download information, burn CDsand ship to their Canadian customers,” said Dan Bradbary, CEO of V-Rooms Virtual DataRooms. “In reality, this type of data bandwidth restriction will tend to push business out of Canada into other countries, such as the U.S., where these restrictions do not exist. We justwant to help our clients save money wherever they are located.”

In this era of the internet, when information sharing is at the touch of a button, the dilemma is how to keep sensitive corporate information confidential. With the current Wikileaks situation, having comprehensive document control features and audit trails will provide even more accountability in complex business transactions, and go a long way in controlling “data leakage”. The enactment of the Canadian UBB laws will be counterproductive to the handling of sensitive information and will be a technologically backwards step in the online sharing of corporate information.

About V-Rooms:

Due Diligence Online, LLC (800-731-6379). 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.

Contact:

Karen Perkins, President KPerkins@V-Rooms.com Phone: 800-731-6379

 

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V-Rooms™ Announces 2010 Revenue Up 55%

Atlanta, GA (Vocus/PRWEB) January 20, 2011

Fueled by information security concerns, highlighted by the recent release of confidential government and corporate information to Wikileaks, the question of document security is again brought center stage. These types of concerns have allowed V-Rooms™ to expand virtual data room utilization, resulting in our 55% revenue growth during 2010, well beyond M&A transactions into areas such as boardroom communications, life sciences, fund administration and business continuity.

In this era of the internet, when information sharing is at the touch of a button, the dilemma is how to keep sensitive information confidential. As corporations share large volumes of documents for various operations and transactions, it becomes an increasing challenge to allow the required exchange and collaboration of reams of highly sensitive documents while maintaining control over who has access to this critical information.

“Recognizing the heightened concerns around document security, last year we rolled out major enhancements to our V-Rooms program that allowed our clients to better protect their intellectual property. As a result, these capabilities provided substantial revenue growth during that difficult economic period,” said Dan Bradbary, CEO of V-Rooms. “These tightened information management controls included such features such as providing our clients with the ability to restrict the downloading, printing, copying and transfer of documents on an individual basis. This is in addition to the ability to apply dynamic watermarks of date, time, IP address and users names to documents, to further deter unauthorized distribution.”

The benefits of providing extensive document controls are very compelling. By providing the same security that is available to keep documents secure within a corporate firewall, our virtual deal rooms allow secure collaboration with employees, partners, attorneys, bankers or other parties who may be located around the world. Our system will also be able to deliver even more useful data about how users are viewing, exchanging and printing documents, when, and from which platforms and devices. Having such an audit trail provides even more accountability in complex business transactions, and goes a long way in controlling “data leakage”.

About V-Rooms:

Due Diligence Online, LLC (800-731-6379). 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.

Contact:

Karen Perkins, President KPerkins@V-Rooms.com Phone: 800-731-6379

 

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