Virtual data rooms are built for collaboration. They offer a central platform that allows teams, partners, and clients to collaborate and review documents live. They are equipped with auditing and activity tracking capabilities built in, that provide complete records of who accessed which documents when. This helps in identifying suspicious activities and ensuring compliance with the data protection regulations.

M&A -Deals involving M&A – M&A deals require a massive amount of documentation to be shared and viewed by the sell-side and the buy-side. VDRs are the ideal instrument to ensure this process is managed efficiently in a safe and efficient manner.

Banking Investment banks require secure access to confidential documents from clients and other third parties to complete M&As, raise capital and other projects. VDRs provide a cost-effective alternative for meetings in person and eliminate the necessity of document storage and courier services, office supplies, and office equipment.

Construction & Service Contracts

Contractors need to share a lot of confidential documents to complete projects and maintain business relationships. This requires a sturdy and reliable software that allows contractors to access documents anywhere they have an internet connection. VDRs offer a secure alternative to physical files and emailing. They can be accessible via any device or from any location.

Biotech/Pharma Pharmaceutical R&D in life science companies requires high-level security and an opportunity to collaborate on confidential documents with partners, investors and other stakeholders. These companies can use VDRs to monitor the progress of their research, study the interest of investors and monitor the how documents are used by their users.