Startups like ShareVault, which launched in 2006, are providing virtual storage space that can allow corporate clients to store, share and manage large files. "The digitization of business information is a massive trend, and documents are core to the way that businesses, and professionals in business, communicate," said Richard Andersen, the company's CEO. In total, the virtual data room industry generated $600 million in revenue last year, and by 2017, that figure is expected to increase to $1.2 trillion.

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