A virtual dataroom (VDR) is an online repository that allows users to upload and share confidential business documents. Its most common use case involves facilitating due-diligence during M&A transactions and debt or equity syndication, as well as private equity and venture capital investments, but it’s also useful for many other business operations including marketing communications, investor communication internal collaboration between executives, and managing projects.
A good VDR has advanced features that will help you safeguard the information of your business. It can, for instance protect files in storage and in transit to stop unwanted leaks. It should allow you to create permissions at granular levels and immediately revoke access even after the files have been downloaded to devices. It should also include digital rights management tools like dynamic watermarks. These can prevent viewing by people who are not authorized.
Another key function of a VDR is its worldwide accessibility. Since it is hosted in the cloud, it can be accessed by users from around the world without any firewalls or other restrictions. This helps businesses to attract more buyers and enhances the value of their business.
Since the typical virtual data room user has a minimal technical background so it is essential that the system is as simple to use as possible. The best VDR providers such as iDeals, Citrix and Datasite have optimized their interfaces for due diligence and made it easy to setup and navigate for all types of business users. They also playdataroom.com provide a range of support services that can assist you with any issues that arise during the VDR installation process.