Virtual data rooms are created for collaboration. They provide a central platform for teams partners, clients, and teams to review and work on documents in real time. They also have built-in activity tracking and auditing capabilities that provide a full record of who visited what and when. This is a great way to spot suspicious activities and ensure compliance.

M&A -Deals involving M&A – M&A deals require a large amount of documentation that must be shared and viewed between the sell-side and the buy-side. VDRs are the ideal tool to facilitate this process, efficiently and safely.

Banking Investment banks require secure access to confidential documents from clients and third parties in order to complete M&As as well as raise capital for other projects. VDRs offer a cost-effective alternative to meetings in person and eliminate the requirement for document storage courier services, office supplies and office equipment.

Construction & Service Contracts

Contractors have to share a large amount of confidential documents to complete projects and maintain business relationships. This requires a secure and reliable tool that allows them to access documents anywhere and anytime with an internet connection. VDRs are a secure alternative to physical files and emails that are easily accessible from any device and location.

Biotech/Pharma — R&D for life science companies requires top-of-the-line security and a platform for collaboration on confidential documents with partners, investors and other stakeholders. VDRs enable these firms to keep track of progress, analyse investor interest and keep track of how documents are used by their users.

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