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A virtual dataroom is a secure and well-organized online space where companies can store and share sensitive data with investors and clients. Virtual data rooms also come with collaborative capabilities which allow users to view and access documents in real-time with others. In the past, physical data rooms were used to store sensitive information in locations such as an office of a company’s headquarters or even the office of their law firm. VDRs offer a number of advantages over physical datarooms for instance, their low cost and easy access.
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