Virtual data rooms are designed to simplify collaboration by providing a central location that partners, teams and customers can view and work on documents in real-time. They also include auditing and activity tracking capabilities that provide a complete list of who has accessed what and when. This can assist in identifying suspicious activities and ensure compliance with data protection regulations.

M&A — M&A deals require a massive amount of documentation that must be shared and reviewed between the buy-side and the sell-side. VDRs are a great tool for managing this process efficiently, securely and effectively.

Banking Investment bankers require secure access to privileged documents from their clients and third parties for M&A, capital raising and other projects. VDRs are a cost-effective alternative to in-person content meetings, and eliminate the necessity of document storage courier services, office supplies and office equipment.

Construction & Service Contracts

Contractors need to communicate a huge amount of confidential documents with one others to finish projects and to keep their business partnerships. This requires a secure and reliable tool that allows contractors to access documents from anywhere they have internet access. VDRs provide a secure alternative to emailing and physical files. They can be accessable via any device or from any location.

Biotech/Pharma — R&D for life science companies requires top-of-the-line security and a platform to collaborate on confidential documents with investors, partners and other stakeholders. These companies can use VDRs to monitor the progress of their research, study investor interest and track the how documents are used by their customers.