A secure dataroom is a virtual platform that allows files to be shared during due diligence in M&A transactions. It’s an efficient and simple way for buyers to access sensitive information without having visit the office of the seller.
The most frequent use is due diligence in M&A transactions where the buyer has to look over a vast amount of confidential documents. The documents may include board meetings, corporate contracts as well as discussions about investment banking and other sensitive business data. Although free file-sharing applications like Box and Google Drive can be convenient but they are not equipped with a range of security features that are required for sharing sensitive business documents like audit trails and passwords.
When evaluating a secure data room provider look for security certifications as well as a broad set of features. Be sure that the provider offers high-quality encryption methods with granular permissions for users for document and user activity tracking, 2FA, IP restriction, and customizable reporting.
Intralinks VDR, a leader in virtual dataroom, blends functionality, security, and speed through an intuitive interface. The platform simplifies workflows, streamlines organization and controls access. It is a trusted partner for thousands of banks, service providers and hospitality companies power utilities and national governments for all types of corporate events like M&A due diligence. It offers a secure mobile app, an easy to use interface for all devices and documents printing and downloading using IRM security. It is also highly customizable, with customizable workspaces, and a unified portal for projects to allow collaboration on large-scale projects.