A Virtual Deal Room (VDR) or Virtual Data Room is a cloud - based location where documents and files can be stored with maximum
Access is given by users to specific individuals for permission to view or edit documents and every action can be monitored so full control is maintained at all times. The authorisation level can be set for every party involved, which means that some will have access to certain documents that are
relevant to them, while others will not, security is paramount.
The concept has evolved from a room in a law firm’s office, where documents about a company that was for sale were provided for
potential acquiring companies to inspect the information as part of due diligence before making a bid. Historically great care was
needed to make sure that potential purchasers did not know who else was being granted a slot to view documents.
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