Virtual info areas, also known as VDRs, are digital platforms that offer businesses together with the tools they have to share sensitive information in a secure way. They are often used in the expenditure banking sector, where they can be a critical application for performing processes like IPOs and M&A orders.

They are also traditionally used by firms in other market sectors. These include law offices, real estate professionals and small business owners.

A quality virtual data space must have a variety of features, including record processing, search functionality and automation. It may also support a range of data file types, and give robust security capabilities.

It should allow users to print documents discover this and preserve them since PDFs, whilst restricting time and IP addresses they use. These granular permissions enable only the individuals that need to gain access to the docs to do so, although still keeping everyone else on the team secure.

It should also provide an review trail designed for user actions, and provide detailed logs of who also viewed which in turn documents. This helps ensure that only authorized parties can easily view the papers, and enables administrators to revoke permissions in case of unneeded or incorrect access.