M&A deals often involve the sharing of highly-sensitive business information that, if leaked, could jeopardize the deal altogether. Virtual Data Rooms (VDRs) provide companies with a secure online environment where they can easily collect and share business-critical files. Not only do VDRs help streamline the process of document collection, but they are also equipped with security features (such as automatic encryption, granular permissions controls at the file level, etc.) that facilitate the secure sharing of sensitive information with multiple parties having different needs.