A VDR for marketing is an online repository that allows the secure sharing of important corporate files with business partners. Also known as virtual data room or VDR This tool can assist businesses in reducing the amount of physical paperwork they have to move between offices, enabling them to reduce time and costs while improving security of documents.
Virtual data rooms are particularly useful in investment banking processes like IPOs, M&A and capital raising, which require large quantities of data to be shared with third party. They can simplify due diligence, accelerate the process and reduce costs.
They also make it easier for firms share documents in a safe environment with other companies as well as investors and the general public. VDRs allow users to monitor the activity of their users and track who has access to the documents they are sharing, and include features such as watermarking and damaged printing that prevent information from being stolen or distributed without permission.
The market for vdrs is growing quickly, driven by increased M&A activity and regulatory changes, as well due to the need for secure ways to transfer sensitive information from one location to another. They’re especially popular with SMEs who generate large amounts of confidential data and require secure ways to share it. Life science companies rely on vdrs perform a variety tasks. From sharing clinical trial results with labs outside of the company, to licensing helpful site IP, and even storing patient information. They also depend on vdrs to conduct fundraising rounds with potential backers.