A secure dataroom is a platform that allows files to be shared during due diligence during due diligence M&A transactions. It’s a quick and easy method buyers can review private information without having to go to the office of the seller.
The most frequent use is due diligence in M&A transactions where the buyer must look through a large number of confidential documents. The documents may include corporate contracts, board meetings, investment banking discussions, and other sensitive business information. While free file-sharing services such as Box and Google Drive can be convenient but they don’t have the range of security features required for sharing sensitive business documents like audit trails and passwords.
When you are evaluating a service provider for a secure dataroom, look for security certificates and a complete list of features. Make sure the solution is safe with encryption with granular access rights for users monitoring of document and user activities, 2FA, IP restrictions, and customizable reports.
Intralinks VDR, a leading virtual dataroom, combines features, security, and speed with an intuitive user interface. The platform streamlines workflows, improves organizing and controls access. It is a preferred choice for corporate events, including M&A due diligence, by thousands of service providers. Its features include secure mobile apps, an easy-to-use interface for all devices, document print and download using IRM security and a robust analytics section, and many other. Furthermore, it is highly flexible with customisable workspaces and a built-in portal for projects to facilitate collaboration on large projects.