The Virtual Data Room (VDR) is an online repository that secure stores sensitive business documents. It is used most often in M&A due diligence but can also assist in other types of strategic transactions and collaborations. VDR solutions provide advanced security and usability for a much lower cost than the traditional platforms. Most providers offer a free trial to test the capabilities, security, and user-friendliness of their VDR.

The real sector requires a substantial amount of documentation that must be shared among partners. A VDR specifically designed for the immovable property industry can help safeguard information, accelerate deals, and provide customers with easy-to use features such as Chinese wall Firmex and automatic indexing (automatic indexing), watermarking, and Q&A modules.

During the process of finding clinical evidence biotech and medical companies deal with a large amount of confidential information. This includes everything from research findings to patient files. A VDR can protect these assets and speed up the process by providing centrally stored as well as collaboration tools, remote data access, private folders, and multi-language support.

Banking operations require the handling of sensitive financial data. A VDR can provide the secure cloud storage needed to manage this data while ensuring that it is accessible at the time and place it is required, including via email and file transfer as well as APIs. Kiteworks enabled private content networks can also grant the same level of trust to all content, regardless of the location where it’s stored, reducing the possibility of leaks or cyber attacks. The VDR is a key component of any IT strategy.