A virtual dataroom, or VDR is a secure way to share and secure confidential documents. While investment bankers are among the largest users of this technology, the benefits are available to companies from all industries. Here are a few of the most popular uses for the VDR:
M&A due diligence
A merger or acquisition of an other company involves sharing a large amount of documents, usually with third-party parties such as auditors and regulatory agencies. Accessing an organized, secure repository for all this data assists in making the M&A process significantly quicker and less complicated.
Legal cases
Litigation processes involve a large amount of documents which are extremely sensitive or confidential. Legal teams require a VDR as these documents can be easily lost or stolen. VDRs make it easy for attorneys and regulators to access the documents remotely, without risking their security.
Real estate
Offline sharing and signing important documents can be a long process. This process can be speeded and simplified by using the eSignature feature offered by most VDR providers.
