A secure data room is a virtual platform used to Learn More share files during due diligence for M&A deals. It allows buyers to quickly and conveniently review sensitive information, without needing to visit the seller’s office.
The most frequent use case for the use of a secure data room is M&A due diligence where potential buyers need to review a large number of confidential documents. The documents may include board meetings, corporate contracts and discussions with investment banks, and other business-related information that is sensitive. Although free file-sharing programs like Box or Google Drive is convenient, it lacks a number of security features that are needed when sharing sensitive documents, such as audit trails and passwords.
When you’re evaluating a vendor of a secure dataroom, look for security certificates and a complete list of features. Make sure the provider includes strong encryption techniques with granular access rights for users in tracking document and user activities, 2FA, IP restrictions, and customizable reports.
Intralinks VDR, a leader in virtual dataroom, blends functionality security, speed, and speed with an intuitive user interface. The platform streamlines workflows and simplifies organizing and controls access. It is used for corporate events, including M&A due-diligence, by thousands of service providers. It offers a secure mobile application, a simple to use interface for all devices, and documents printing and downloading using IRM security. Furthermore, it is extremely adaptable with customisable workspaces and a built-in portal for projects for collaboration on large-scale projects.
