What is Data Room?
The room is used in many different types of transaction where a company wishes to disclose a large amount of confidential data to nominated parties, typically during a due diligence process. They are commonly used by legal, accounting, investment banking and private equity companies performing mergers and acquisitions, fundraising, insolvency, corporate restructuring, and joint ventures including bio-technology and tender processes. The traditional version is a physically secure, continually monitored room, normally in the company’s offices, which the bidders and their advisers visit in order to inspect and report on the various documents and other data made available.
Preparing and Operating
The process of preparing and operating the software can be time consuming, diverting resources at a time when business interruption is least welcome. We belong to one of the leading data room companies. Since 2008 our clients are served through a global experienced sales and support teams. Our product is a complete, secure solution that optimizes due diligence processes for audit and other corporate transactions.
Duration and Availability
Your acoount can be opened in one hour, and up to 100,000 documents can be available for external access in 24 hours or less. You do not need to digitalize and prepare documents; our team will help you with scanning and conversion of office format documents such as Word, Excel, Power Point etc. to secured PDFs. The documents also will be optimized, indexed and prepared for secure viewing and printing. With a multilingual staff available 24/7 your deal will be supported at all times by experienced specialists. Our team also offers free training for administrators and users to ensure an easy start.
Data security as a top priority
We regard your data security as our top priority. Our product is ISO/IEC 27001:2005 security compliant, the highest security standard in the industry. Documents are encrypted using a strong 256-bit encryption which prevents access of unauthorized users, including our own IT personnel. Access to the application is securely limited through a unique two-factor authentication system. The one time password may be sent to an authorized user’s mobile phone and will be valid for the current session only.
Designed with simplicity in mind
The application has been designed with simplicity in mind so that participants are not confused with an unnecessarily complicated interface. It is designed to be user-friendly from the start and does not require a lengthy familiarization process. Administrators can easily monitor users’ activity. Audit reports, constantly available, let you know who did what with your documents and when. You will also see which users were more or less active in the room and be able to conclude which company is most interested in the deal.
Contact our local office to arrange a meeting or online demo. You can also find more information about our industry solutions if you choose the option on the left.