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A virtual data room, or VDR is a secure solution for sharing and securing confidential information. Investment bankers are the top article most frequent users of this technology, but it is a viable option for businesses from all industries. Here are a few of VDR’s most frequently used applications:

M&A due diligence

A merger or acquisition by another company involves sharing a lot of documentation, most often with third-party entities such as auditors and regulatory agencies. The M&A process is made much simpler and quicker when you have access to a centralized secure repository of all this information.

Legal Cases

The litigation process often involves massive volumes of documents that are sensitive and sensitive and confidential. These kinds of documents are easily lost or stolen, and therefore having a VDR is vital for legal teams. VDRs enable attorneys and regulators to review these documents remotely without compromising their security.

Real estate

Sharing and signing important documents with potential investors and buyers can be a lengthy process when done offline. With the e-signature feature that the majority of VDR providers provide the process can be made easier and speeded.