A virtual data room (also known as a VDR electronic data room or deal room) is an online platform designed to facilitate secure storage and sharing of confidential business data during M&A capital raising, IPOs, due diligence as well as litigations, business audits, etc. This software solution is highly specialized and comes with multiple features that protect against unauthorised access. This includes customisable advanced permissions, password protection, granular user security impersonation and dynamic watermarking, fence view and multi-factor authentication.
Unlike less sophisticated platforms such as email, Google Drive and Dropbox VDRs are able to track and log all document activities within their platform. This means you will always know who, what time and from which IP address has accessed the document. It also allows you to observe how long someone has been looking at the documents.
This is a characteristic you must consider when selecting the best virtual data room service. This is due to the fact that a reliable online data room provides a high level of privacy for sensitive documents for business. This is particularly crucial for manufacturing transactions, as the nature of these documents may not be apparent to all parties.
Ansarada Deals, a powerful online dataroom, combines an interface that is intuitive and high levels of security to enable serious sharing. It makes it easier to collaborate and share documents during M&A, due diligence, corporate restructuring, capital raising and other high-stakes outcomes. To explore all the features that this software application offers, sign up for a an online demo guaranteeing data integrity with end-to-end encryption today.