A data room is a safe platform to exchange confidential documents. Common use cases include inter-disciplinary project work, as well as communication between lawyers and clients, or due diligence processes. The virtual alternative to a locked safe for data offers all the advantages of a contemporary communication platform and also fully complies with the data protection regulations.

Virtual data rooms are employed in Germany to facilitate a wide range of confidential business deals. These include mergers, acquisitions, real estate transactions, investment projects and due diligence.

Using a virtual data room ensures that the sensitive information is only accessible to authorized users. This improves the trust and security of the project. Furthermore the data rooms allow for more efficient collaboration as well as speed up the decision-making process.

The idgard Virtual Data Room is perfect for secure collaborations with external partners such as clients or lawyers, and for sharing information with internal teams. It’s also a great tool for establishing effective communication between boards. The data room is easy to establish and maintain. The data is protected with strong encryption and passwords to prevent unauthorised access.

The German virtual data room provider netfiles GmbH has been inspected and certified in accordance with the internationally recognized SOC standard, which is a must for any company that wants to comply with GDPR. The solution is a part of the initiative Cloud Services Made in Germany, and adheres to strict EU privacy regulations. The company’s data centers are located in Berlin, Frankfurt, and Munich. They offer lightning-fast speed and airtight security.