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A virtual data room is a secure online space that enables companies to store and share sensitive information with investors and clients in a controlled and organized environment. Virtual data rooms also have collaborative capabilities which allow users to access and review documents in real-time with others. In the past physical data rooms were utilized to house sensitive information in locations such as a company’s headquarters or the office of a law firm. VDRs offer a number of advantages over physical datarooms including their low cost and ease of access.

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