When it comes down to virtual data room review It is essential to read reviews from third-party sources on sites see post like Trustpilot or Software Advice as well as the employees’ view of the company on Glassdoor. This will help you gain a better understanding of the company’s ethics and performance. A trial period of no cost can be a great way to assess how the VDR meets your needs.


Investment banks make use of virtual data rooms to securely share large volumes of information with potential buyers during M&A due-diligence. They offer a convenient method of information exchange for the benefit of both parties to the deal, with features like remote access retrieval, as well as activity monitoring.

Real estate

Documentation is often required for real estate transactions. A shared online repository makes the process much easier to manage and allows for easy communication through powerful collaboration tools.

Law firm

VDRs are a great option for legal firms that have to comply with stringent regulations and manage sensitive business information. The best solutions in this field include multi-project administration with customizable permission levels and secure messaging. They can also be used for documents organization and search functionality.

Biotech & pharma

This field requires a very high level of security and compliance with HIPAA regulations. One solution that is suitable for this sector is a virtual data room with integrated document management and advanced encryption capabilities. They can also be used to manage more complex processes such as regulatory audits, clinical trials as well as IPOs.