A virtual dataroom, also known as VDR is the security to share and safeguard confidential documents. Although investment bankers are among the largest users of this technology, its benefits can be utilized by companies from all industries. Here are some of VDR’s most commonly used uses:

M&A due diligence

The process of merging with or buying another company will require a massive amount of documentation that must be shared, typically with third parties such as auditors and regulatory bodies. The M&A process is made much simpler and quicker when you have access to a central, secure repository of all this information.

Legal cases

The litigation process involves a lot of documents which are extremely sensitive or confidential. Legal teams need a VDR because these documents are easily lost or stolen. VDRs allow attorneys and regulators to examine documents remotely without any compromise to security.

Real estate

Offline sharing and signing important documents can be a lengthy process. With the e-signature feature most VDR providers offer, this process can be made easier and accelerated.

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