A VDR is a web platform that allows files to be securely exchanged during M&A digital data room deals. It simplifies and speeds up the workflow and allows for collaboration with third parties, such as partners and contractors. It can be used with desktops, tablets, and mobile phones. Its secure file sharing features make it an attractive alternative for traditional file-sharing services. However, some vdr providers ca may not have the right security features to meet the needs of your business.

Located in Toronto, Canada, Firmex is a pure-play VDR provider focused on simplifying due diligence and closing processes in M&A. It caters for investment banks as well as law firms, real-estate and governmental organizations. Its user-friendly interface and a variety of data security features make it one of the top vdr providers.

Citrix Systems acquired ShareFile (founded in Raleigh, North Carolina) in 2013. Its cloud software allows businesses to collaborate and share projects with third parties. Its HIPAA/ITAR-compliant software is useful for companies that deal with sensitive information, such as defense technologies.