Data room service providers offer cloud-based solutions specifically designed to store and share confidential business documents and files. These platforms are commonly used for M&A due diligence, IPOs and managing the lifecycle of real estate assets. They also facilitate collaboration with partners, customers and clients. The top VDRs provide a wide range of advanced features, including two-factor authentication, granular access controls, e-signature, watermarking and inactivity timeouts. They also provide 24/7 customer support.

The data room’s esignature feature reduces the need for meetings offline and speeds up real estate deals. The e-signature function can also help companies adhere to GDPR rules and ensures that only authorized personnel are able to view and modify documents. Besides, most VDRs have automated redaction tools as well as a secure fence view to restrict access to external users to specific documents.

The leading VDR provider in the M&A space, Intralinks offers a seamless and secure experience that allows users to collaborate on any device regardless of where they are. The cloud-based platform enables rapid deployment with no infrastructure or hardware expenses. It also offers security with an up-to-date antivirus scanner, data encryption and network firewalls. Its advanced features include speeds of uploading up to 5MB per second, SmartLock, which allows revocation of access even after the document has been downloaded and DocuSign Integration.

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