Virtual data rooms are designed to improve collaboration by providing a central place which partners, teams and clients can look over and work on documents in real-time. They are equipped with monitoring and auditing capabilities built-in, and provide a complete history of who accessed what and when. This will help in identifying suspicious activities and ensure the compliance with data protection laws.

M&A – M&A transactions require a large amount of documentation that has to be shared and reviewed by the sell-side as well as buy-side. VDRs are the ideal instrument to manage this process safely, efficiently and efficiently.

Banking — Investment banks need secure access to confidential documents from clients and other third parties to be able to complete M&As, raise capital and other projects. VDRs are a cost-effective option that eliminates the need for meetings in person, document storage space as well as courier services and office supplies.

Construction & Service Contracts

Contractors need to share a variety of confidential documents with each other for the completion of projects and to maintain their business partnerships. This requires a strong and reliable tool that enables contractors to access documents from anywhere they have an internet connection. VDRs offer a secure alternative to physical files and emailing. They can be accessed on any device or at any location.

Biotech/Pharma Pharmaceutical R&D in life science companies needs high-level security, as well as smart data room solutions an avenue for collaboration on confidential documents with investors, partners and other stakeholders. VDRs enable these firms to keep track of their progress, analyse investor interest and keep track of how documents are used by their users.