![]() The Virtual Data Room enables parties to view documents relevant to a particular transaction for authorized users. Businesses typically use a secure virtual data room to share critical information with external customers and partners in a secure, online environment. ![]() Technically speaking is a series of proprietary extranets that provide an online repository of data. For reasons of cost, efficiency and security, virtual data rooms have widely replaced the more traditional physical data room. This due diligence process has traditionally used a physical data room to accomplish the disclosure of documents. In many cases, a virtual data room is used to facilitate the due diligence process during an M&A transaction, loan syndication, or private equity and venture capital transactions. ![]() A virtual data room (sometimes called a VDR) is an online repository of information that is used for the storing and distribution of documents.
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