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Virtual data rooms combine security, analytics and other features to create a powerful collaboration tool that can be used for all kinds of projects. It doesn’t matter if it’s fundraising for a startup or arranging strategic partnerships negotiating M&As or finding a cure for a disease, VDRs make the project more efficient while keeping the confidentiality.

A VDR (virtual data room) is a secure file repository that provides a convenient, secure environment for all stakeholders to review and collaborate on files and documents. It reduces the chance of exposing sensitive information by giving users the ability to control viewing and downloading permissions.

VDRs are great for M&A due diligence because they eliminate the expense of printing, scanning and distributing physical documents. They also cut down on travel expenses because they allow parties to view and work on documents online regardless of time zone or location.

A VDR such as Firmex has a wide range of features that can make complex processes, such as M&A due-diligence, more speedy and more secure. The most important features to be considered are:

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