V-Rooms™ Virtual Data Rooms Announces 2011 Revenue Up 38% passes 30,000th User Milestone

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Fueled by their affordable prices and very positive net promoter score, V-Rooms announced that its revenues for 2011 are up 38% and that they have passed the 30,000 user milestone.

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Our growth rate can be attributed to our commitment to an affordable virtual data room with great customer service.

V-Rooms™ Virtual Data Rooms Announces 2011 Revenue Up 38% passes 30,000th user milestone

Fueled by their affordable prices and very positive net promoter score, V-Rooms announced that its revenues for 2011 are up 38% and that they have passed the 30,000 user milestone.

Atlanta, GA. 1/31/2012. V-Rooms Virtual Data Rooms released their 2011 earnings which showed a 38% increase in their revenues – more than double the growth rate of the industry-- indicating that V-Rooms is growing at more than twice the rate of the market and that they are gaining market share.

In 2011, the virtual data room market increased by 15%, while V-Rooms outpaced the growth of the virtual data room market by an additional 23 percentage points. A large part of V-Rooms growth has been attributed to their net promoter score, which measured whether V-Rooms clients would recommend their virtual data room to others. V-Rooms got an A+ net promoter score, a “world-class” distinction for a business of its size.

“I think our growth rate can be attributed to our commitment to customer service,” said Karen Perkins, President of V-Rooms. “We've put our focus on delivering the service, security, and accessibility that our customers want at an affordable price.”

Additionally, V-Rooms also released that they have passed the 30,000 active user milestone. “We expect to continue to dramatically grow our number of users in 2012,” said Dan Bradbary, CEO of V-Rooms Virtual Data Rooms. “We expect to continually grow faster than the virtual data room market, especially in the area of number of active users. As we look forward, we see vast uses for our technologies, far beyond just the virtual deal room.”

“As one of V-Rooms Virtual Data Room's newest employees, I am especially excited about 2012.” said newly hired Director of Technology, Timothy Sides. “Given the flexibility that we have with the .NET platform, we have several initiatives planned that will expand our solution and allow us to tailor our virtual data room to many more industries than just Merger and Acquisition professionals.”

About V-Rooms:

V-Rooms provides a cloud-based, customizable virtual data room (VDR) solution that is designed to streamline document management, collaboration, exchange and archiving for financial, legal and corporate professionals. The V-Rooms Sofware-As-A-Service (SAAS) secure document portal facilitates the secure exchange of sensitive information providing compliant and auditable transactions. V-Rooms enables the acceleration of complex, information-intensive processes while reducing the time and expenses associated with data distribution, courier, printing and travel. Additional information can be found at http://www.V-Rooms.com.

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Karen Perkins, President
V-Rooms
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