Red Kite Schoolies

VDRs (virtual data rooms) are software platforms for storing and sharing confidential documents in a secure setting. They are typically utilized in due diligence, but they can be utilized in many other situations. The most common use cases involve merger or acquisition that requires the provision and review of large amounts of confidential data for users to access.

When choosing the right VDR for your project, choose one that provides specific document permission settings (not just view/print/download levels) to allow you to specify who is able to do what. You might also want to consider VDR features like dynamic watermarking and two-factor authentication. an extensive audit trail for digital rights management.

Processes of investment banking like IPOs and capital raisings M&A require massive document sharing that a virtual data room is ideally suited for. These environments allow for collaboration and communication between a wide range of parties, including those involved in due diligence, contract negotiation and more. For biotech companies in particular, a well-designed VDR helps derisk the business and focuses time and energy on turning promising research into approved drugs that can improve the lives of people.