What Are Virtual Data Rooms?


Virtual data rooms are designed to facilitate collaboration. They offer a central platform for teams or partners as well as clients to review and work on documents in real time. They come with auditing and activity tracking features built-in, and provide full records of who accessed which documents when. This can assist in identifying suspicious activities and help ensure compliance with data protection regulations.

M&A -deals M&A deals require a huge amount of documentation to be shared and viewed between the buy-side and the sell-side. VDRs are the best tool to manage this process effectively, safely and efficiently.

Banking — Investment bankers require secure access to privileged documents from their clients and third parties for M&A capital raising, as well as other projects. VDRs are a cost-effective solution that eliminates the need for meetings in person and document storage spaces courier services, and office equipment.

Construction & Service Contracts

Contractors need to share a lot of confidential documents to complete projects and maintain business relationships. This requires a strong, reliable and secure tool that lets them access documents from anywhere using an internet connection. VDRs offer a secure alternative to emailing and physical files. They can be accessable from any device or location.

Biotech/Pharma — R&D for life science companies requires high-level security and a platform for collaboration on confidential documents with partners, investors and other stakeholders. They can use VDRs to track progress, analyze investor interest and track the how documents are used by their users.