Online data rooms are web-based platform that permits the secure sharing and managing of confidential documents during any business transaction. The platform’s features are perfect for a wide variety of situations, including M&A capital raising, strategic reviews and tenders. The data rooms’ granular permissions at the folder level and powerful search capabilities make it possible for users to find what they need fast. They can also upload large amounts of files, which saves time and energy when constructing complicated folder structures.

It is essential that both the buy-side and sell-side review documents in a secure environment during M&A. Virtual data rooms simplify due-diligence processes and facilitate an efficient M&A transaction. They also facilitate post-merger integration using features like document revisioning, Q&A procedures and a powerful virtual data room services search capabilities.

Life science companies like pharma or biotech often handle a significant amount of confidential information. Failure to safeguard this data could lead to an espionage attack by competitors, or a lawsuit. A secure VDR can allow companies in the life sciences industry to store sensitive information in a central location, facilitating collaboration between teams as well as external stakeholders. A robust audit trail also records each login, agreement clicked or video viewed, as well as the document viewed with detailed specificity. This provides transparency and accountability during the due diligence process and assists with compliance with regulatory requirements.