Virtual data rooms offer a cost-effective and secure alternative to traditional document sharing. They can be used for a variety of business transactions, such as mergers and acquisitions as well as strategic partnerships, fundraising and intellectual property management audits, board communications, corporate development and more.

Mergers and Acquisitions

Virtual data rooms are commonly utilized in mergers and acquisitions in which companies might need to review or furnish large volumes of documents as part of due diligence. VDRs allow buyers to easily access the information they require, without having to travel to the seller.

IPOs

Companies that decide to go public must maintain high levels of transparency with both the public and shareholders, which is why they require an efficient and secure method of document sharing. They can use virtual data centers to share information with investors, lenders and shareholders, as well as other parties, while also protecting their confidential information from competition.

Litigation

Secure virtual data rooms are utilized by law firms and their clients to protect sensitive information from legal action or competition. They can set the files to view-only and limit access to specific users, thus preventing the sharing of information that could cause harm to the case.

Estate and Exit Planning

Attorneys often need to share sensitive information with others in the course of estate planning, exit planning, and real estate transactions check that. They can utilize a secure virtual data room to handle the process and keep all the documents in one location. This allows them to share information amongst one another.