<s>
Data	B-General_Concept
rooms	I-General_Concept
are	O
spaces	O
used	O
for	O
housing	O
data	O
,	O
usually	O
of	O
a	O
secure	O
or	O
privileged	O
nature	O
.	O
</s>
<s>
They	O
can	O
be	O
physical	O
data	B-General_Concept
rooms	I-General_Concept
,	O
virtual	O
data	B-General_Concept
rooms	I-General_Concept
,	O
or	O
data	B-Operating_System
centers	I-Operating_System
.	O
</s>
<s>
In	O
mergers	O
and	O
acquisitions	O
,	O
the	O
traditional	O
data	B-General_Concept
room	I-General_Concept
will	O
genuinely	O
be	O
a	O
physically	O
secured	O
and	O
continually	O
monitored	O
room	O
,	O
normally	O
in	O
the	O
vendor	O
’s	O
offices	O
(	O
or	O
those	O
of	O
their	O
lawyers	O
)	O
,	O
which	O
the	O
bidders	O
and	O
their	O
advisers	O
will	O
visit	O
in	O
order	O
to	O
inspect	O
and	O
report	O
on	O
the	O
various	O
documents	O
and	O
other	O
data	O
made	O
available	O
.	O
</s>
<s>
Often	O
only	O
one	O
bidder	O
at	O
a	O
time	O
will	O
be	O
allowed	O
to	O
enter	O
and	O
if	O
new	O
documents	O
or	O
new	O
versions	O
of	O
documents	O
are	O
required	O
these	O
will	O
have	O
to	O
be	O
brought	O
in	O
by	O
courier	B-Protocol
as	O
hardcopy	B-General_Concept
.	O
</s>
<s>
Such	O
teams	O
often	O
comprise	O
a	O
number	O
of	O
experts	O
in	O
different	O
fields	O
and	O
so	O
the	O
overall	O
cost	O
of	O
keeping	O
such	O
groups	O
on	O
call	O
near	O
to	O
the	O
data	B-General_Concept
room	I-General_Concept
is	O
often	O
extremely	O
high	O
.	O
</s>
<s>
Combating	O
the	O
significant	O
cost	O
of	O
physical	O
data	B-General_Concept
rooms	I-General_Concept
is	O
the	O
virtual	O
data	B-General_Concept
room	I-General_Concept
,	O
which	O
provides	O
for	O
the	O
secure	O
,	O
online	O
dissemination	O
of	O
confidential	O
information	O
.	O
</s>
<s>
A	O
virtual	O
data	B-General_Concept
room	I-General_Concept
(	O
VDR	O
)	O
is	O
essentially	O
a	O
website	O
with	O
limited	O
controlled	O
access	O
(	O
using	O
a	O
secure	O
log-on	O
supplied	O
by	O
the	O
vendor/authority	O
which	O
can	O
be	O
disabled	O
at	O
any	O
time	O
by	O
the	O
vendor/authority	O
if	O
a	O
bidder	O
withdraws	O
)	O
to	O
which	O
the	O
bidders	O
and	O
their	O
advisers	O
are	O
given	O
access	O
.	O
</s>
<s>
With	O
annual	O
growth	O
of	O
about	O
16%	O
for	O
last	O
seven	O
years	O
virtual	O
data	B-General_Concept
room	I-General_Concept
market	O
forecast	O
is	O
$1.6	O
Billion	O
.	O
</s>
<s>
Data	B-General_Concept
rooms	I-General_Concept
are	O
commonly	O
used	O
by	O
legal	O
,	O
accounting	O
,	O
investment	O
banking	O
and	O
private	O
equity	O
companies	O
performing	O
mergers	O
and	O
acquisitions	O
,	O
fundraising	O
,	O
insolvency	O
,	O
corporate	O
restructuring	O
,	O
and	O
joint	O
ventures	O
including	O
biotechnology	O
and	O
tender	O
processes	O
.	O
</s>
