What Is a Data Room?
A data room is a secure and secure platform used to handle sensitive classified documents and information. It offers security to all stakeholders who are authorized. Historically, physical data rooms have been the standard method for conducting due diligence in business transactions. They come with a variety of disadvantages, such as high costs as well as logistical challenges, and the requirement of in-person meetings. Therefore, virtual data rooms are emerging as a viable alternative. Data rooms are typically used in [...]