Data room providers provide a cloud solution designed to protect confidential business files and documents. These platforms are utilized for M&A diligence as well as IPOs and real estate asset management. They also facilitate collaboration with customers, partners and clients. The top VDRs provide a broad range of advanced features including two-factor authentication, granular access controls watermarking, esignature, and inactivity timeouts. They also provide 24/7 customer support.
The e-signature feature in the data room eliminates the need to hold meetings offline and speeds up real estate transactions. In addition, the e-signature feature assists companies in adhering to GDPR regulations by ensuring that only authorized personnel can access and edit documents. Most VDRs also come with automated redaction and secure fencing view to limit access to certain documents from outside.
The leading VDR provider in the M&A space, Intralinks offers a seamless and secure experience that allows users to collaborate effortlessly on all devices regardless of where they are located. The cloud-based platform enables rapid deployment without infrastructure or hardware expenses. The solution is also secure thanks to antivirus along with data encryption and firewalls. Its advanced features include the ability to upload up to 5MB/sec, SmartLock, which allows access to be blocked even after the file has been downloaded, and DocuSign Integration.