A virtual dataroom, also known as VDR is the security to share and protect confidential documents. Although investment banks are among the most frequent users of this technology, its benefits can be used by companies from all industries. Here are a few of the most popular uses for a VDR:

M&A due diligence

Merging with or buying another company will require a massive amount of documentation to be shared, often with third parties like auditors and regulatory bodies. The M&A process is made much more efficient and speedier when you have access to a centralized, secure repository of all this information.

Legal Cases

Litigation processes involve large volumes that are highly sensitive or confidential. These kinds of documents are susceptible to being lost or stolen, so having a VDR is very important for legal teams. VDRs allow attorneys and regulators the ability to access documents remotely without the risk of compromising security.

Real estate

Offline sharing and signing important documents can be a long process. This process can be accelerated and made easier with the eSignature feature provided by a majority of VDR providers.