Virtual data rooms are utilized in almost any situation where you need to give confidential access to certain information to a group of people. Most often, VDR is employed for the following tasks:
Corporate documentation analysis;
Creating a corporate document repository;
Conducting an audit before a merger and acquisition (M&A) transaction;
Preparing documents for the company’s IPO;
Communication with investors;
Bankruptcy and restructuring procedures;
Code analysis without the risk you have when transferring it to other contractors.