Virtual data rooms are designed to facilitate collaboration by providing a central location which partners, teams and customers can view and work on documents in real-time. They are equipped with auditing and activity tracking features built-in, and provide an exhaustive record of who accessed which documents when. This information can be used to spot suspicious activities and ensure compliance.

M&A -deals M&A deals require a huge amount of documentation to be shared and viewed by both sides. VDRs are a great instrument to manage this process efficiently in a safe and efficient manner.

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

Construction & Service Contracts

Contractors must share a large number of confidential documents with one to complete projects and to keep their business relationships. This requires a sturdy safe, reliable and secure tool that lets them access documents from anywhere with an internet connection. VDRs are a highly-secure alternative to email and physical files that are easily accessible on any device and from any location.

Biotech/Pharma – R&D in life science firms requires high-level security, as well as an opportunity to collaborate on confidential documents with investors, partners and other stakeholders. These companies can use VDRs to track progress, analyze investor interest and track the manner in which documents are utilized by their customers.