Secure datarooms are online repository that allows confidential documents from businesses to be shared during due diligence legal transactions, due diligence, or financing. Due diligence was traditionally conducted in physical locations such as rooms at headquarters of companies, offices of law firms or even a central location that was secure. Now due diligence is performed digitally, and information can be accessed on demand through the use of a virtual platform.
If sensitive documents must be shared amongst multiple parties It is more likely that they will end up in the hands of the wrong people if you use generic file-sharing software like Google Drive or email than when you use a data room. While these tools are great to share files with family and friends however, they lack the security features needed to share information with selected third parties during a transaction or deal. These include user restriction settings, granular auditory capabilities, watermarks and much more.
With CapLinked, the secure data room is a simple software solution that provides secure and reliable security to facilitate collaboration and document exchange with selected third party partners during an M&A or capital raising process. This comes with a range of advanced features that permit you to redact sensitive information automatically from folders and files. You can also search text within an image, create multiple versions (e.g. PDF) and determine which users have visited what information, when and for how long. These features cut down on the time needed for teams to complete their projects and make a better, more informed decision during M&A or other business events.