Virtual data rooms are designed to simplify collaboration by providing a central platform which partners, teams and customers can view and work on documents in real-time. They are equipped with monitoring and auditing capabilities built in, that provide full records of who accessed which documents when. This helps in identifying suspicious activities and help ensure compliance with the data protection regulations.

M&A — M&A deals require a huge amount of documentation that must be shared and viewed by the sell-side and the buy-side. VDRs are the best tool for managing this process safely, efficiently and efficiently.

Banking — Investment bankers require secure access to documents from their clients as well as third parties for M&A capital raising, as well as other projects. VDRs are an efficient solution that eliminates the requirement for in-person meetings, document storage space as well as courier services and office equipment.

Construction & Service Contracts

Contractors are required to share a variety of confidential documents in order to complete projects and maintain business relationships. This requires a secure and reliable software that allows contractors to access documents anywhere they have internet access. VDRs are a highly-secure alternative to email and physical files that can be viewed from any device and location.

Biotech/Pharma Pharmaceutical R&D in life science companies requires high-level security and an opportunity to collaborate on confidential documents with investors, partners and other stakeholders. VDRs allow these companies to keep track of their progress by analyzing interest from investors and keep track of how documents are used by their users.