A VDR is a web platform that allows files to be securely exchanged during M&A deals. It simplifies the workflow, speeds it up and allows teamwork with other parties such as contractors and partners. It is available on desktops and tablets as well as mobile phones. Its secure online file sharing capabilities make it an attractive alternative to traditional file-sharing services. Some vdr service providers may not have the appropriate security features for 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 to investment banks, law firms, real estate and governmental institutions. Its user friendly interface and variety of security features make it a top vdr provider.
Citrix Systems acquired ShareFile, a company founded in Raleigh, North Carolina in 2013. Its cloud software allows businesses to collaborate and share projects with third parties. Its HIPAA and ITAR-compliant solution is useful for companies dealing with defense technologies and other sensitive information.