Since then our online program has been used extensively by administrators of private equity, venture capital and hedge funds to provide an economical regulatory compliance system to filter information from their portfolio companies, and then securely deliver documents and
Atlanta, GA (Vocus) February 3, 2010
V-Rooms™, a product of Due Diligence Online, LLC, offers their legal and financial professional clients who are involved in private placements, private equity and hedge funds, comprehensive reporting tools in preparing for intensified efforts, mandated by the Obama administration, for meeting SEC, FINRA and other regulatory requirements in this new era of "pro-regulation.”
In response to the downward spiral of public opinion, the House of Representatives recently approved the widest sweeping changes in financial regulation since the Great Depression. The legislation focuses on hedge and private equity funds, creates an inter-agency council to regulate systemic risk, and establishes a financial consumer watchdog agency.
"V-Rooms™ was founded on the need to assist attorneys and investment bankers in properly meeting the regulatory reporting requirements as they helped companies in raising business capital via private placements," said Dan Bradbary, CEO of V-Rooms. "Since then our online program has been used extensively by administrators of private equity, venture capital and hedge funds to provide an economical regulatory compliance system to filter information from their portfolio companies, and then securely deliver documents and “transparency” reports to their limited partners and investors.”
With the V-Rooms™ Virtual Data Rooms (VDR) solution fund administrators are able to create their central, secure online document repository for new and historical fund information and provide their investors with secure, around-the-clock, worldwide access to information. They are also able to respond to requests from investors by directing them to the appropriate section of their branded VDR, rather than printing, copying, collating and mailing investor reports. Most importantly, in order to meet the increasingly stringent requirements, they are then able to confirm receipt of the information using the program’s compliance /tracking reports.
Due Diligence Online, LLC (800-731-6379). V-Rooms provides a privately-branded online virtual data room solution, designed to streamline document management, collaboration, exchange and archiving for Financial, Legal and Corporate professionals. Our document repository facilitates the compliant and auditable exchange of sensitive information to accelerate complex, information-intensive processes, while reducing the time and expenses associated with data distribution, courier, printing and travel.