A data room is an exchange platform for confidential documents. The most frequent use cases are in interdisciplinary project management, communication between client and lawyer or due diligence processes. The virtual alternative to a locked safe for data gives all the advantages of a modern communications platform and is fully compliant with the laws governing data protection.
Virtual data rooms are commonly used in Germany to facilitate a wide range of confidential business transactions. These include mergers, acquisitions or real estate transactions, investment projects, and due diligence.
Using a virtual data room ensures that sensitive information is only accessible to sanctioned users. This improves security and trust during the course of project work. Data rooms also allow for more efficient collaboration which makes it easier to make decisions.
The idgard Virtual Room is ideal for secure collaborations with outside partners such as lawyers or clients, or for sharing information with internal teams. It’s also a great tool for effective board communications. The data room is simple to establish and manage. The data is secured from unauthorized access through strong encryption and passwords.
The German virtual dataroom provider netfiles GmbH was successfully audited according to the internationally recognized SOC Standard which is crucial for businesses who wish to be compliant with GDPR. The solution is part of the initiative Cloud Services Made in Germany and adheres to strict EU privacy standards. The data centers of the company are located in Berlin, Frankfurt, and Munich. They offer lightning-fast speed and airtight security.
