A virtual data room, commonly known as VDR, is a feature that allows users to store, share, and access office documents and other important content in a safe environment.
Using it, one can share confidential information with whoever they need, including their colleagues, employees, investors, clients, and third parties, in a more centralized and secure manner than sending emails with attached files.
The main objective of a VDR is to prevent unauthorized access to critical documents and data while keeping them always accessible to authorized users.
Although there are plenty of VDR software providers that offer various services, the majority of popular virtual data room platforms are cloud-based.