A virtual data room, also known as a VDR is a secure solution for sharing and protecting confidential documentation. Although investment bankers are among the heaviest users of this technology, the benefits are available to companies from all industries. Here are some of the VDR's most commonly used uses:

M&A due diligence

Merging with or purchasing another business requires a huge amount of documentation that must be shared, typically with third parties, such as auditors and regulatory bodies. Being able to access a secure, central repository cleaners for all this data can make the M&A process much quicker and easier.

Legal Cases

Litigation processes involve large volumes that are highly sensitive or confidential. These types of documents are easily lost or stolen, therefore having a VDR is crucial for legal teams. VDRs give lawyers and regulators the ability to review documents remotely, without any compromise to security.

Real estate

Offline sharing and signing important documents can be a long process. The process can be speeded and simplified by using the eSignature service offered by the majority of VDR providers.