Virtual Data Room is a secure cloud storage service that lets businesses share documents with third-party users securely. It is used by many industries, including life science and technology banking, M&A and more.

For M&A the most popular scenario for VDRs, a virtual data room helps facilitate due diligence and close deals with less risk. This is especially important since M&A involves large amounts of documentation and Data Security is extremely sensitive.

To limit M&A risks, to minimize the risk of M&A, VDR provides granular user permissions as well as secure spreadsheet viewers, views-only modes, screen-blocking, and more. This way, only the authorized people are able to access and view the data. Infrastructure security is also ensured with multiple backups including virus scanning, data center redundancy and many more.

Financial services companies manage many kinds of data including contracts and other legal documents to financial data and reports. This makes them a great candidate for an VDR, as they can secure documents and share them with third-party users quickly.

To keep their client’s data secure and compliant investment banks rely on online document sharing tools that support M&A transactions, capital raising, and other projects. To make the most efficient use of their resources companies require a VDR that offers a wide range of collaboration features and a flexible pricing plan. For instance an investment bank might need a solution with the ability to upload 5MB per second, SmartLock that allows revoking access to documents even after downloading, integrated redaction, DocuSign integration, and much more.