Cloud vendors provide a secure storage space for your files. The servers where your data is stored on are located in a data center equipped with numerous layers of security and they provide redundant hardware in the event that one server fails. Your data is protected from hackers and natural disasters such as flooding and fires.

Think about your company’s needs for storage and the features offered by the cloud provider when choosing a data room. The size of the virtual data room will depend on how many documents you own and their formats (text click now files require less space than high-res images). Look for a software that allows you to create folders based on categories, such as document type or date so it’s easy to organize documents.

The top cloud data rooms also offer advanced branding options for your company’s logo colors, colors, and an individualized About page. Digify’s enhanced branding tools permit you to alter all visual aspects of your dataroom, such as the login page, backgrounds, email formats, and even a white-label URL.

A cloud-based data room can make M&A due diligence much more simple, safer and more efficient by allowing full control over confidential information. Both parties to a deal can access the VDR and communicate with each other in one place with all communications and activities being recorded as a complete audit trail. This prevents sensitive information such as financial performance, patents, and product development from being viewed by the wrong people.