A data room is an exchange platform for confidential documents. Common use cases include the interdisciplinary project management, communication between lawyers and clients, or due diligence processes. The virtual alternative to a locked data safe provides all the benefits of a modern communication platform and is also fully compliant with the laws governing data protection.
Virtual data rooms are employed in Germany for a variety of confidential business transactions. These include mergers, acquisitions and real estate transactions as well as investment projects and due diligence.
The use of a virtual data space ensures that sensitive data can only be accessed by sanctioned users. This improves the trust and security of the project. The data rooms also facilitate greater efficiency in collaboration which helps speed up the decision-making process.
The idgard Virtual Data Room is perfect for secure collaborations with external partners such as lawyers or clients, or for sharing information with internal teams. It’s also a fantastic tool for effective communication with boards. The data room is simple to establish and manage. The data is protected by strong encryption and passwords against unauthorised access.
The German virtual data room provider netfiles GmbH has been audited successfully in conformity with the internationally recognized SOC standard which is essential for businesses that wish to be compliant with GDPR. The solution is a part of the initiative Cloud Services Made in Germany and is in compliance with strict EU privacy https://7dataroom.com/mastering-business-potential-with-data-room-ma/ regulations. With its data centers in Berlin, Frankfurt and Munich, the company offers blistering speed and secure airtightness.
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