Online Data Room and SSL
Online data room and SSL is a set of processes and systems that ensure only authorized users are able to access specific documents. They also control the use of each document to prevent sensitive data from being compromised. Data room security is a granular controls on access, multi-factor authentication and advanced encryption. It is a crucial aspect of M&A and other business transactions that involve multiple third party parties having access to confidential information.
A virtual dataroom is an online solution specifically designed for secure storage and sharing of confidential business data. VDRs are often utilized in M&A deals, but they can be utilized in any circumstance that requires high-level protection of documents and management.
Using a VDR for investment due diligence allows companies to share a vast amount of files with investors and other parties. This can be a complicated procedure, since many stakeholders are involved in the review and approval process of confidential documents used in business. A VDR lets all relevant parties to review and discuss the documents without having to download or print them out, which can be an enormous time saver.
VDRs are used to facilitate an initial public offering. This involves a lot of paperwork to be shared with stakeholders, investors and regulators. A VDR allows companies to manage the IPO process efficiently and effectively, whilst keeping high levels of privacy.