WebCatalog

A virtual data room (VDR) is a secure online platform designed for storing and sharing digital files and documents. VDRs enable companies to share sensitive or proprietary information with external parties in a controlled environment. They typically feature strong security measures, including encryption, two-factor authentication, and single sign-on capabilities. These tools ensure that confidential information is shared under strict permissions, managing how viewers can interact with the documents by restricting actions like forwarding, copying, or printing. Digital rights management is essential in VDRs, particularly during the due diligence phase of mergers and acquisitions, as well as in private equity and venture capital transactions. Legal firms and real estate professionals also rely on VDRs to securely share sensitive agreements with their clients. Beyond specific industry applications, compliance departments utilize VDRs to distribute sensitive compliance-related documents. Companies may also use separate file storage and sharing solutions alongside a VDR for additional document management that requires fewer security protocols. To qualify as a Virtual Data Room, a product must: * Enable secure storage and sharing of content, data, and documents in a controlled setting. * Provide security features such as encryption, two-factor authentication, and single sign-on. * Offer customizable permission structures. * Allow remote control of files through digital rights management. * Verify, track, and enforce document permissions. * Ensure compartmentalization of data across multiple projects, maintaining strict separation between them.