The German virtual data room industry has been growing continuously. This is due to the high number of M&A transactions plus the increasing with regard to secure file exchange in a number of business areas. However , the existing solutions often fail to satisfy important user requirements, including low functionality, complex constructions and her response data hosting outside Belgium.

A online data bedroom is a web based repository which allows users to upload, share and manage data files securely with other authorized viewers. These kinds of documents may include contracts, company documentation or perhaps other information which needs to be reviewed within a confidential manner with a consumer, partner or possibly a third party with regards to due diligence uses.

For example , a venture capital organization may want to assessment all the corporate documents of the startup before closing with an investment. For this, they must access the company’s digital paperwork in a secret manner with their legal team. This is typically completed in a virtual data room in which the legal workforce can look at and change the information.

idgard’s GDPR compliant data bedrooms provide top-level security for tasks with very sensitive data. Your data is protected during transmission, storage and processing, making unauthorized gain access to technically unachievable. In addition , the entire work is audited and reported with a newspaper, which can be intended for due diligence procedures. All this makes sure that your company’s data is guarded from unintended loss or theft, even if working with external partners or customers.