A secure data room is a digital platform used to share data during due diligence for M&A deals. It allows buyers to quickly and easily access confidential information, without having to visit the office of the seller.
The most frequently used application is due diligence in M&A transactions where a potential buyer must look through a large amount of confidential documents. Information like corporate contracts, board meetings discussions about investment banking and other sensitive information can be included. Although free file-sharing programs like Box or Google Drive is convenient, it is not equipped with the security features that are essential when sharing sensitive documents such as audit trails and passwords.
When looking for a provider of a secure dataroom, make sure you look for security certificates and a comprehensive list of features. Make sure that the service includes strong encryption techniques and granular user permissions in tracking the activities of users and documents 2FA, IP restrictions, and customizable reports.
Intralinks VDR is a renowned virtual data room that combines functionality speed, security, and speed with a user-friendly interface. The platform streamlines workflows, improves organization, and manages access. It is trusted for corporate events, such as M&A due-diligence, by a multitude of service providers. It has a secure mobile application, an easy to use interface for all devices, and documents printing and downloading using IRM security. It is also highly flexible with customisable workspaces and a built-in portal for projects for collaboration on large projects.