Date Added: Sep 2009
Data Rooms have evolved over the past decades from physical data rooms to customer-hosted Virtual Data Rooms and to SaaS-based Virtual Data Rooms. Yet still, they are typically very costly, clunky and not adequately secured. The Virtual Data Room segment is ripe for innovation and disruption, as new advances in cloud computing and other Web technologies make it possible to dramatically improve on existing data rooms and to provide more security and a better user experience. This paper discusses the issues with current generation Virtual Data Rooms and the WatchDox data room solution.