Data Room

Furthermore data room is a software that allows companies to store manage and share their corporate documents online.

Data room. They can be physical data rooms virtual data rooms or data centers. They are used for a variety of purposes including data storage document exchange file sharing financial transactions legal transactions and more. Virtual data room is a high security online repository of documents available for granular distribution. Data rooms are used by companies advisors legal teams investors and auditors often as an essential part of a due diligence process for material events like tenders legal transactions fundraising and audits.

That s why the outdated paper based data room is being replaced by the more efficient versatile and cost effective virtual deal room. Data rooms are used for storing documents file sharing securing sensitive documents and conducting financial transactions. You manage who gets into your data room what they see and exactly what they can do with it including downloading copying printing taking screenshots and more. Also these secure online data repositories simplify the cooperation between all parties.

From instantaneous file access to seamless collaboration across boundaries a secure virtual data room keeps you competitive. Intralinks virtual data room edition is an industry leading solution that facilitates more than 6 000 transactions annually. Data rooms are spaces used for housing data usually of a secure or privileged nature. Data rooms provide full control during online due diligence processes.

Data rooms are secure spaces where confidential documents can be kept and only read by people authorized to access the room. The advantages of a digital data room are clear. A data room is a secure place that is used to store privileged data usually for legal proceedings or mergers and acquisitions transactions.