Merger & Acquisitions (M & A) is a new technology that is leading the way: The virtual data room. In specialist circles, it is estimated that hardly any physical data room is set up for the purpose of monitoring company numbers in mergers and acquisitions.
Virtual data rooms become the standard
The virtual data room has become the quasi-standard. Those interested in buying are using the virtual cloud computers for their due diligence, in order to gain an in-depth insight into the company’s economic situation. The advantage is above all the time saving. Above all, prospective customers from abroad can save themselves high travel costs.
Data security is ensured
However, caution is also needed in virtual data rooms. Data can be collected and shared with the competition. As a result, datarooms are subject to special security features such as dataroomX®. The data rooms are particularly strictly secured. Encrypted data transmission, programs protected against hacker attacks and access to the server rooms contribute to security.
Watermark and logging
Users are also provided with modules to protect the data. Each download is recorded in a revision-secure manner. A watermark in the document provides conclusions about the user. In principle, the documents can also be protected against downloading and printing, so that an insight can only be made on the screen.
Difference to cloud providers
The difference to commercial mass cloud providers lies above all in the higher security requirements. Last year one of the largest American cloud providers complained that the customer data were stolen with passwords. Not a good sign. This makes it all the more important to pay close attention to the data security of the data rooms.