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iDeals™ Virtual Data Room service

iDeals™ Virtual Data Room service was successfully used to ensure the secure exchange of documents during the sale of major European pharmaceutical company’s assets

October 15, 2010

A leading European pharmaceutical company has completed the sale of its regional division, a network of 48 drugstores. Support of the transaction was carried out using the iDeals™ Virtual Data Room service. The transaction was finished within 3 months and the volume of documents exceeded 45 000 pages. Within 2 days of being requested by the customer,iDeals™ Solutionsexperts developed the special dynamic reporting forms that substantially increased the efficiency of the project. Besides the customer’s company and its principal consultant, the project involved 6 companies of potential buyers and 2 consulting companies from Big 4 and 3 law firms. In many respects, it was precisely thevirtual data roomtechnology used for information exchange that allowed participants in the deal to adhere to the project’s tight schedule and ensured that iDeals™’ client selected the best buyer.

iDeals™ Solutions has been a provider of secure document management services to the investment, legal and life sciences sectors since 2008. Our flagship product is iDeals™ VDR, a next-generation application that is utilized by companies and leading advisors in over 30 countries around the world.

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