Data Room Service Providers

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Data room service providers offer a cloud-based solution specifically created to securely store and share confidential business documents and files. These platforms are commonly utilized for M&A due diligence, IPOs, and the management of lifecycles of real estate assets. They also facilitate business collaboration with partners, customers and clients. The top VDRs provide a broad range of advanced functions, such as two-factor authentication, granular access control watermarking, esignature, and inactivity timeouts. They also provide 24/7 customer assistance.

The data room’s e-signature feature makes it easier to meet offline and speeds up real estate deals. In addition, the e-signature feature allows businesses to adhere to GDPR regulations, by ensuring that only authorized employees can access and edit documents. Besides, most VDRs have automatic redaction tools as well as the ability to secure fence views to restrict access to external users to specific documents.

Intralinks is the most popular VDR in the M&A sector, offers a seamless experience and security that allows users to collaborate from any device, regardless of the location. Cloud-based platform enables rapid deployment without infrastructure or hardware expenses. The solution also guarantees security with an up-to-date virus scanning system, data encryption and firewalls for networks. Its features are robust, including the ability to upload up to 5MB/sec, SmartLock, which allows revocation of access even after the file has been downloaded, and DocuSign Integration.

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