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A virtual data room is an secure online space that enables companies to store and share sensitive information with investors and clients in an organized and controlled environment. Virtual data rooms are equipped with collaboration features that permit users to share documents and access them in real-time with other users. In the past physical data rooms were utilized to store sensitive information in locations like a company’s headquarters or the office of a law firm. However, VDRs offer many benefits over physical data rooms including low cost and easy access.

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