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A virtual data room is a safe online space that allows businesses to store and share sensitive data with clients and investors in an organized and controlled environment. Virtual data rooms also come with collaborative features that allow users to access and review documents in real-time with others. In the past, data rooms were used to protect sensitive information stored in places like the corporate headquarters or in the law firm’s office. However, VDRs offer many benefits over physical data rooms, such as low cost and easy access.
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