5 Use Cases For Virtual Data Rooms


Virtual data rooms offer an affordable and secure alternative to traditional document sharing and storage. They can be used to facilitate a diverse range of business transactions including mergers and acquisitions, as well as fundraising, strategic partnerships intellectual property and property management and audits, board communications and corporate development.

Mergers and Acquisitions

Virtual data rooms are most frequently utilized in mergers and acquisitions in which businesses may have to review or supply large quantities of documents as part of due diligence. VDRs enable buyers to quickly look over the information they require, without having to travel to the seller.

IPOs

Companies that choose to go public must maintain a high level of transparency with both the public and shareholders, so they need an efficient and secure method of document sharing. They can make use of virtual data rooms to store and share information with shareholders, investors and lenders, among others while ensuring that their private information stays out of the hands of competitors.

Litigation

Lawyers and their clients also depend on secure virtual data rooms to keep sensitive data secure from legal or competition. They can set the files as only accessible to certain users, which prevents the sharing of information that could be detrimental 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. A secure virtual data room can help them manage the process and keep all documents in one place, making it easier for teams to communicate information to one another.

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