A virtual data room (VDR) is a secure, online platform that allows organizations to store, share, and manage sensitive documents and information with a specific group of people. VDRs are commonly used in a variety of business contexts, such as mergers and acquisitions, due diligence, financial reporting, and intellectual property management.

VDRs provide a number of benefits over traditional data storage and sharing methods. They offer a high level of security, with features such as encryption, authentication, and access controls to prevent unauthorized access to the data. They also provide a centralized location for storing and organizing documents, making it easy for authorized users to find and access the information they need. In addition, VDRs often offer collaboration tools, such as the ability to annotate and comment on documents, which can facilitate communication and decision-making within a team.