The dust has settled, leaving behind the winners and losers of the volcanic eruption

Frankfurt, May 5th 2010 - New technologies, virtual data rooms among them, proved themselves during the natural phenomenon
The air traffic has returned to normal and the dust from the volcanic eruption in Iceland has settled. But what consequences did this natural phenomenon have on the economy? And what conclusions can be drawn from the crisis in regards to risk management?

The projected cost of the volcano ash on the economy is several hundred million Euro, and many market participants were made painfully aware of their own dependence on international air travel. The air traffic industry was certainly hit the hardest by the crisis, however many other industrial sectors also suffered heavy losses.

Countless transactions were brought to a standstill as lawyers, advisors, auditors, and other parties were forced to sit for days in different locations around the world, waiting to get a hold of one of the few coveted flights available. Market participants who had already adopted new media and technology, such as virtual data rooms (http://www.dataroomservices.com/de/dataroomservices-produkte-services/virtueller-datenraum/), breathed a sigh of relief. They were able to continue Due Diligence procedures without worrying about time and space constraints.

Virtual data rooms allow fast, easy, secure access to confidential documents. You can access the data twenty four hours a day from any computer anywhere in the world. This enables Due Diligence analysts to work comfortably from their home or place of business, saving not just on travel costs but also on travel time.

Contact for the Media

Meike Mohr
DRS Frankfurt
Eschersheimer Landstr. 6
60322 Frankfurt, Germany
T: 069 478640 - 280
meike.mohr@drs-digital.com
www.drs-digital.com/de/