What Is a Virtual Data Room?

A virtual data room (VDR) is an extremely secure platform that allows you to share files in a secure manner with multiple users simultaneously. VDRs can be used to collaborate securely with external parties or internal teams working on documents, whether your company is involved in M&As due diligence litigation, or other projects.

The most frequent use for a VDR is M&A due diligence. Merging with or buying another company involves sharing volumes of financial documents that are sensitive and intellectual property. VDRs help in this process by providing a collaborative environment and detailed activity tracking and an audit log.

VDRs also aid businesses in analyzing the importance of shared documents, which is beneficial in fundraising or M&A activities. This data can help companies tailor their pitch decks and negotiate with prospective investors and partners. For example, for life science firms, VDRs can provide granular information about how long potential buyers sat down to read specific documents of the company to determine their how much they are engaged and the kinds of information that are most important to them.

Choosing the best VDR is a matter of evaluating the various factors such as feature sets costs, security options and ease of use. Many VDR providers offer free trials for customers to test the product before intralinks data room technology uploading data.

Digify’s fully customizable interface as well as advanced branding options make it simple to match your VDR experience to your brand’s image. This includes customized login pages, email layouts and white-labeled links. We also let you include a configurable About page and define document labels.