Data Room

Compare all the Data Room Providers

Data Rooms

Data Rooms, Real and Virtual
Here you can see an overview of all data room providers that can be found in the world. We have listed them for you. In this way you can make a selection between the different data room parties. Most are ISO certified and comply with all safety regulations. Some of the data room providers have been active on this market for over 100 years and are therefore very competent.
A data room is a physical or virtual space that aids in the management of restricted data. Data rooms are a common feature in legal and contractural situations, especially business mergers and acquisitions. They usually contain the up-to-date legal information needed for due diligence, information that may be of interest to potential buyers, bidders, or parties to a contract. Data Rooms in Mergers and Acquisitions: An Example Consider the documents related to a property auction.

They might include a site survey, a condition survey, titles, tax records, liens, building photos, an energy assessment and more. Every potential buyer would need to see those documents in the interest of due diligence, and up until the day of the auction, documents might need to be updated or added. How can the latest versions of the documents be provided confidentially to all the potential buyers? The bidders can be given access to a data room. Physical Data Rooms The easiest and most effective way to limit access to data is by confining the information to a physical room, then guarding the door. That method is still in use. A physical data room can be created by gathering printed copies of documents, updating or adding to them when needed, and placing them in a controlled-access space, usually within the offices of the sellers or their legal representatives.

Imagine the expense of bringing the subject-area experts needed for due diligence in a complex corporate sale or merger to a single location. Working with a physical data room can be onerous and costly, and that is why virtual data rooms are becoming so important in international business. Virtual Data Rooms Virtual data rooms, like physical data rooms, provide restricted access to information; they use the latest security technology to create a digital vault that is only accessible to approved parties. The owner of the information determines who can access it, when they can access it and what they are allowed to do with it. For example, documents might be view-only, or it might be possible to mark them up or edit them. Virtual data rooms can block downloads and print commands, and they have features that allow their owners to track and chart every aspect of data access. A question and answer area may be provided so that if one potential buyer submits a question, the answer will be available to everyone else as well. Although physical data rooms are still common practice in mergers and acquisitions, virtual data rooms are gaining ground and are now used in large corporate transitions as well as smaller deals like the property auction discussed above. Choosing the best option means balancing cost, security and other aspects of the sale or merger.