Efficient Due Diligence and High Security Transactions with the netfiles Virtual Data Room

Based on more than ten years of experience in developing cloud-based applications for secure file sharing and collaboration, netfiles GmbH recently expanded its product range to include a virtual data room.

The introduction of this netfiles solution addresses a sharp rise in the demand for virtual data rooms for sensitive business processes. The netfiles data room allows for the secure provisioning of documents as part of due diligence audits, acquisitions, property or financial transactions. Furthermore, the netfiles data room offers an efficient and secure medium for communication between the Supervisory Board and the Board of Management.

All you need to use the netfiles data room is a web browser and an internet connection, there is no need for any additional software. The netfiles data room is offered as a SaaS (Software as a Service), which means that it can be put to use immediately. Because of its intuitive user interface, the data room can be used even by less-experienced users without any training.

As well as being user-friendly, the netfiles data room stands out due to its comprehensive security features. These include the detailed access rights that can be assigned on document or folder level, so that user groups, depending on settings, can only view certain documents with a watermark, or not at all. In the netfiles data room, documents are encrypted not just during transfer, but also when they are stored, using 256-bit encryption. As is common in virtual data rooms, you can control whether or not users can print and download documents. Watermarks with user name and a time stamp can be dynamically inserted to protect unauthorized use of documents using screenshots.

Access to the netfiles data room can also be further secured, using a 2-factor SMS authentication (mTan process) or biometric identification as well as normal login. A detailed activity log documents all actions and results in the data room with time stamps. Modern software and security technologies, hosting in Germany in an ISO/IEC 27001-certified data center and regular security checks complete the netfiles service.

About netfiles

With more than 20 years' experience to its name, netfiles GmbH is one of the first and leading European providers of virtual data rooms. netfiles data rooms are used primarily in the context of mergers and acquisitions (M&As), due diligence audits and secure data exchange across internal and external company boundaries. Leading-edge software, encryption and security technology ensures that confidential data in netfiles is reliably protected against unauthorized access and data losses. Granular access rights permit precise control of who can view, edit or download what documents. More than half a million users in over 140 countries around the globe have already discovered that netfiles is exceptionally easy to use.

If you would like to know more, sign up to try out the netfiles data room and data exchange 
solutions free of charge for 14 days, with no obligations: https://www.netfiles.com/en/free-trial