A data room is a secure place for the exchange of confidential documents. The most common use cases are in interdisciplinary project management, communication between client and lawyer, or due diligence processes. The virtual alternative to a locked safe for data gives all the advantages of a contemporary communication platform and fully complies with the regulations for data protection.
Virtual data rooms are employed in Germany to facilitate a wide range of confidential business deals. These include mergers and acquisitions as well as real estate transactions, due diligence projects, investment projects and more.
By using a virtual dataroom it is possible to ensure that sensitive information can only be accessed by those who have been authorized. This increases security and trust during the course of project work. Data rooms also https://7dataroom.com/mastering-business-potential-with-data-room-ma/ allow for greater efficiency in collaboration which accelerates the decision-making process.
The Idgard Virtual Data Room is ideal for secure collaboration with outside partners such as clients or lawyers, and to share information with internal teams. It’s also an excellent tool for effective communication between boards. The data room is simple to set up and manage. The data is protected from unauthorized access with strong encryption and passwords.
The German virtual data room provider netfiles GmbH has been audited successfully in accordance with the internationally recognized SOC standard that is a must for any company that wants to be compliant with GDPR. The solution is a part of the initiative Cloud Services Made in Germany, and adheres to strict EU privacy regulations. The company’s data centers are located in Berlin, Frankfurt, and Munich. They provide lightning-fast speed and airtight safety.