Our rating based on: What is a virtual data room? A virtual data room is a business tool for storing and sharing corporate information online and collaborating. This software allows companies around the world to upload their data to a secure cloud, share it safely with other organizations regardless of their location, and communicate with each other quickly and securely. A data room is not a groundbreaking invention. Physical data rooms existed for quite a long time and were used for storing, disclosing, and sharing documents. They’ve required certain dedicated space, and participants of the business process had to travel…