Application of VDR in Different Industries

Some of the industries who need VDR on top priority are

 

• Technology – There is no bigger advocate for virtual data rooms than the technology industry. VDRs allow the world’s largest tech firms to share information among teams spread across the globe

 

• Industrial – VDR makes it so much easier to track industrial data e.g. input data (labour hours, energy, direct materials and Output data (finished goods, heat, waste etc.)

 

• Investment Banking – Investment bankers are among the most common users of VDRs. Investment banking processes like IPOs, capital raising and M&A can demand huge amounts of information sharing for which the VDR is ideally suited.

 

• Corporate Development – A VDR is very helpful in structuring a company’s data so that it works in their favor. It also helps in identifying trends that might have gone unnoticed initially

 

• Private Equity & Venture Capital – Private Equity and venture capital firms usually depend on VDRs to securely organize their data so that they are on top of the process, regardless of how many deals they have in the pipeline.

 

• Legal Industry – Legal industry is notorious for the amount of paperwork they deal with. VDR allows them to easily share the documents for every stage of legal proceedings

 

• Life Sciences – Life science firms use VDRs for everything from clinical trial results, HIPAA, compliance, licensing IP & storages of patient files.

 

• Startups – VDRs allow startups to see which investors are spending the most time reviewing specific company documents and how much time they spent in a room to get a better idea of their engagement level.