A secure data room for business is a cloud service specifically designed for secure sharing of confidential documents and files for business. They are used for the due diligence process of a deal and provide many options like advanced permissions, Q&A tool notes and bookmarks as well as multi-factor authentication to control access and ensure that only authorized users access the information are able to do so. They can be accessed from anywhere in the world from any device connected to the internet and are especially useful for teams working remotely at work, from home or on the go.

Some'secure datarooms' make a big show about the security of their systems with terms like'most secure virtual room' or a 'highly secure dataroom'. But in reality, these systems are no safer than programs like Dropbox or Google Drive that use encryption to safeguard the data in transit, but do not delete temporary files once they've served their purpose. It's like a food manufacturer focusing on the health benefits of their cereal bar is since it contains 0% fat while ignoring that it also contains 80 sugar-free, or a house developer claiming a fire certificate for their timber cladding when the building is actually only 12 feet from the nearest river.

Firmex VDRs have been praised by more than 120,000 businesses for their vital processes in deals, audits and litigation and procurement projects with billions of dollars at stake. Contact us today to find out more about our Virtual Data Rooms and how they could help your business.