A virtual data room (VDR) is a secured online environment where companies provide and share sensitive documents with selected partners in a controlled way.
A virtual data room (VDR) is a secured online environment for providing and sharing sensitive documents in a controlled way. It is used above all for projects where many parties need access to confidential material.
Typical uses are due-diligence reviews in M&A, financing rounds, real-estate transactions, board and committee work, and audits, where sensitive documents are provided in a structured and logged way.
With SecureCloud you can set up secure, encrypted areas for sensitive documents: granular, time-limited shares, access for external partners and a complete audit log, hosted in Germany and GDPR-compliant.
A data room is designed for controlled sharing of sensitive documents with many parties, with especially granular rights and complete logging. Cloud storage serves general filing and collaboration.
Above all for due diligence in M&A, financing, audits and committee work, when many parties need controlled access to confidential material.
That depends on the provider. What matters is the server location, encryption, granular rights, an audit log and operation under European law.
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