Drooms for Business Critical Transactions: DRSdigital has Developed the Next Generation Virtual Data Room

LONDON, September 26, 2012 /PRNewswire/ --

• Drooms by SaaS Specialist DRS (DRSdigital) is the first virtual data room which sustainably optimises the Buy Side and Vendor due diligence.
• Drooms makes it possible to execute complex business critical transactions such as commercial real estate sales, Mergers & Acquisitions or IPOs, efficiently, securely and easily.
• Drooms was specifically designed to meet the needs of real estate companies, international law firms, banks, enterprises, and advisory firms.

SaaS-Specialist DRS (DRSdigital, http://www.drs-digital.com) has further developed its virtual data room which provides for the execution of complex, business-critical transactions such as commercial real estate sales, Mergers & Acquisitions or IPOs. The new data room, which will be known as Drooms, is the first virtual data room that sustainably optimises the Buy Side and Vendor Due Diligence. With a new interface, new menu navigation and extensive search functions, the DRS solution is even more user friendly, resulting in significant time savings. DRS uniquely enables simultaneous controlled access for an unlimited number of people to vital transaction documents on both the buy and sell sides.

To arrange an online presentation of Drooms please send an email to office-uk@drs-digital.com.

DRS's managing director Jan Hoffmeister sees in the new solution the data room of the next generation: "Drooms excels with a high degree of security, user friendliness and efficiency." He explains that, the high speed of uploads as well as the display of documents in the virtual data room makes working in real time possible and provides the basis for a fast and cost effective transaction process. Hoffmeister emphasises: "Drooms can easily save over €100,000 compared to other market solutions simply through the display of the documents in real time, even for medium sized transactions".

For further information please go to; http://www.drs-digital.com/en/drooms-data-room

Company Profile

DRS (DRSdigital, http://www.drs-digital.com) developed Drooms to facilitate due diligence transactions in the areas of real estate, mergers & acquisitions or initial public offerings.

Since it's formation in 2001 and based on its founding principles of , "creating transparency, ensuring confidentiality", DRS has facilitated several thousand complex transaction related processes by providing software solutions and services that ensure security, transparency and efficiency. The company's client list includes; BASF, Siemens, Deutsche Bank, Allianz, UBS, Daimler, Commerzbank, ING, Ernst & Young, KPMG, Novartis, Evonik and the Metro Group.

Contact for the Media
DRSdigital: 23, Austin Friars, London, EC2N 2QP, United Kingdom
Phone: +44(0)207-118-1100     E-Mail: mailto:office-uk@drs-digital.com