A secure dataroom is a virtual platform that allows for files to be shared during due diligence during due diligence M&A transactions. It allows buyers to quickly and conveniently review sensitive information, without needing to visit the office of the seller.

The most popular use case for the use of a secure data room is M&A due diligence when a prospective buyer needs to go through a vast array of confidential documents. Information like board meetings, corporate contracts, investment banking discussions and other sensitive information can be contained in. While free file-sharing tools such as Box and Google Drive can be convenient however, they do not have a variety of security features needed when sharing sensitive business documentation like passwords and audit trails.

When you are evaluating a service provider for a secure dataroom, make sure you look for security certificates and a comprehensive list of features. Make sure the provider includes strong encryption techniques, granular permissions for users, tracking of the activities of users and documents, 2FA, IP restrictions, and customizable reports.

Intralinks VDR, a top virtual dataroom, combines functionality security, speed, and speed with an easy-to-use interface. The platform streamlines workflows, simplifies organization, and manages access. It is a preferred choice for corporate events, such as M&A due-diligence, by a multitude of service providers. It has a secure mobile app, an easy to navigate interface for all devices and document printing and downloading, all with IRM security. Furthermore, it is extremely flexible, with customizable workspaces and a built-in portal for projects for collaboration on large-scale projects.