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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 features that make it easy for users to browse and review documents in real-time while sharing with others. In the past data rooms were used for sensitive information to be stored in locations like the headquarters of a firm or the law firm’s office. VDRs offer a number of advantages over physical datarooms, such as their low cost and easy accessibility.

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