The Virtual Data Room (VDR) is an online repository that safely protects sensitive business documents. It is most commonly used in M&A due-diligence and also helps in other kinds of strategic transactions. VDR solutions provide advanced security and usability at a lower cost than older platforms. Most providers offer a complimentary trial to test the capabilities, security, and ease of use of their VDR.
The real estate industry requires a large amount of documentation to be shared among partners. A custom-designed VDR can protect documents and speed up deals by providing users with easy-to-use features like Chinese wall watermarking, automated indexing and Q&A modules.
During a clinical discovery process biotech and medical firms deal with a large amount of private information, ranging from research findings to patient records. A VDR can protect these assets and help streamline the process by providing central storage, collaboration tools, remote access to data private folders, as well as multi-language support.
Banking operations require handling sensitive financial data. A VDR offers the secure cloud storage required to handle this type of content and ensures that it is accessible whenever and wherever it is required, such as via email and file transfer. In addition, Kiteworks-enabled private content networks offer zero trust to all content, regardless of where it is hosted, reducing risks of leaks and cyber attacks. The VDR is a vital element of any IT strategy.