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TransPerfect Launches Global Virtual Data Room

Tuesday, August 19, 2008 5:17:00 AM PDT | VentureDeal Staff

New York, New York --  Software company TransPerfect announced the launch of what it calls the world's first global virtual data room (VDR) available in over 20 languages.

VDRs host due diligence documents for M&A transactions between enterprises, allowing access on a need to know basis.

TransPerfect VP of Legal Technology, Jordan Ellington added, “A US-based seller of a business will now have the capacity to simultaneously offer potential buyers an electronic document sharing environment that they can utilize fully—in over 50 global markets.

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