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A virtual dataroom is a secure and organised online space in which companies can store and share sensitive data with clients and investors. Virtual data rooms also have collaborative properties that allow users to access and review documents in real-time with other users. In the past physical data rooms were utilized to store sensitive information in places like an office of a company’s headquarters or even the office of a law firm. VDRs offer a number of advantages over physical datarooms for instance, their low cost and ease of access.
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