A Virtual Data Room (VDR) is a series of proprietary extranets that provide an online repository of data. Businesses typically use a secure virtual data room to share critical information with external customers and partners in a secure, online environment. The Virtual Data Room enables parties to view documents relevant to a particular transaction for authorized users. Documents are stored in electronic format on a central server and accessed via the Internet.
Secure, Virtual Meeting Rooms
VDRs are assumed to be secure and confidential virtual meeting rooms where buyers, attorneys, accountants and other professionals can review sensitive documents. Initially, VDRs were mainly used by lawyers to meet with clients, but today VDRs are used in a wide array of businesses where a cost-effective way to eliminate the need for a physical data or consultation room is needed.
A Virtual Data Room is commonly called a Virtual Deal Room.
Definition Prefix: V
- Virtual IT Service Provider
A Virtual IT Service Provider provides limited IT services from a remote location. Virtual IT Service Provider support can range from monitoring, reporting, remote management, backups, security and updates. Organizations can outsource some of the smaller IT functions of their office to a Virtual IT Service Provider.
- Virtual I/O
Virtual I/O (VIO, Virtual I/O Server) Abbreviated as VIO, Virtual I/O is a term used to describe a set of storage virtualization and network virtualization features, including virtual Ethernet, shared Ethernet adapter, and storage virtualization.
- Virtual Studio Technology
Abbreviated as VST, Virtual Studio Technology is an interface standard used to integrate audio effects and instruments into digital audio. VSTs are usually software plug-ins used in audio editors that interacts with digital audio and MIDI elements.
The first spreadsheet application, introduced in the late 1970’s. The idea behind VisiCalc was developed by Dan Bricklin, and the actual programming was performed by a friend named Bob Frankston. Bricklin needed a computer tool to complete repetitive calculations associated with case studies at the Harvard Business School. After gaining popularity as an Apple application, […]