• YouTube
  • LinkedIn Social Icône
  • Twitter Icône sociale
  • Vimeo sociale Icône


88 Avenue du Général de Gaulle  92130 Issy les Moulineaux -  France
Contact Us  Legal information 
© Copyright MyCercle 2020

Ce site a été réalisé par CAAC40

Virtual data rooms are websites giving access to secure spaces hosting confidential data. Participants' access is controlled using a secure connection provided by the authority running the data room and which can be deactivated at any time by this authority in case of loss of access rights by one of the participants. Restrictions may be imposed on the ability of participants to communicate confidential data to third parties by means of transmission, copying or printing, including dynamic watermarking of certain/all documents with the identity of the consulting participant, and/or blocking the printing and downloading of any or part of the files. A detailed record of the consultations should be kept for audit purposes, indicating who consulted, when, what document.
Virtual data rooms are used for a variety of purposes, including data storage, document exchange, file sharing, transactions, and more. The main uses are:
  • Mergers and acquisitions, fundraising.
  • Insolvencies and corporate restructurings.
  • Joint ventures involving the sharing of sensitive technological data and the plot of who is bringing what.
  • Tender processes.
  • Real estate transactions.
In a transaction, the virtual data room plays the same role as a traditional data room: under the control of the vendor or its counsel, it allows bidders and their advisors to inspect and report on the various data made available to them in a secure and constantly monitored space. Unlike a traditional data room, it allows several bidders to access the files in parallel and without seeing each other. It is also much easier to communicate new documents or new versions of documents throughout the process and it prevents bidders’ teams from traveling.

What is a virtual data room ?