data room

Virtual Data Room (VDR) is a virtual space that acts much like a physical data room except that all data is hosted securely online. A data room is a physical or virtual space where one party can disclose confidential information in a controlled manner to a number of other interested parties...

Data rooms are primarily used for the sale of a business. A traditional data room is a secure room where hard copies of corporate documents are kept for confidential review. Prospective buyers will schedule time in the “data room” to perform comprehensive due diligence on the business or assets...