Open Source Virtual Data Room

A virtual dataroom is a safe, secure environment to share documents and files during M&A with multiple stakeholders. It lets users review and comment on documents, communicate with other members, monitor activities and more. Its benefits include an easy-to-use interface, robust security and collaboration features and a low price when compared to traditional storage solutions.

In the case of a VDR, access is governed by permissions at the folder or document level. Users can be restricted to download only PDF versions or original documents with watermarks. It is also possible to set an expiration date for documents, and monitor who has downloaded what, and when. Administrators can also “virtually shred” documents or deactivate the rights to download if required.

A great virtual data room will also offer a user-friendly and customizable platform that can be customized to your specific business processes, IT systems, and workflows. It should also allow drag-and-drop and customised folder structures as well as a complete search feature. It should also offer an audit trail as well as an easy-to-use file tag system to ensure that all actions are recorded.

The best open-source virtual data room will have an extensible API for integration with other tools and applications. It will also offer a range of customization options which include the ability to customize your own user interface. A strong security model will website here guard against insider threats. It will also perform regular vulnerability scans and penetration tests on infrastructure using an outside vendor and implement protection against attacks involving denial of services.