The use of virtual data rooms increases every year, and while North America remains the biggest user of the technology, Europe and Asia are rapidly catching up. The growth is driven mainly by a few key factors, which all fit comfortably under the heading of due diligence. Data room technology offers the ability to reach across borders. It speeds up processes by reducing time frames and frustrations of document access during high-level deals, and gives peace of mind to all parties involved.
Are you looking for secure file sharing solutions? You are not alone! Being able to share files and documents securely with third parties is one of the main challenges that companies face and ensuring security is at the heart of this need.
We recently wrote about 7 ways of sharing documents on the internet but the majority of those options did not have security as their main priority. You will notice that most of these services come under consumer grade solutions. The ones that focus solely on security are business grade solutions. Some of the main differences in the two types of file sharing solutions are:
A virtual data room provider´s perspective about scanning is very different to general public. We think it is an exciting topic!
We started offering virtual data room services 12 years ago. Back then, most of our datarooms projects included big scanning jobs. Right now most of our projects are all digital and although we still do a bit of scanning, most documents come to us digitized. In many cases, our clients and partners ask for advice regarding scanning.
EthosData has been very busy building our new virtual dataroom platform.
Virtual DataRooms are used by advisory firms such as law firms and investment banks as well as corporations to protect sensitive information during transactions. Making these confidential documents available to third parties involves competitive and legal risks, which are likely to be at the forefront of your mind as a user.