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A virtual dataroom is a controlled and well-organized online space where companies can store and share sensitive data with clients and investors. Virtual data rooms are equipped with collaboration features that permit users to share documents and access them in real-time with other users. In the past, data rooms were used to store sensitive data stored in areas like the headquarters of a business or the office of a law firm. VDRs have many advantages over physical datarooms such as their low cost and easy accessibility.
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