Data Room Confidential Mode

Data room confidential mode allows the administrator of a virtual data room to restrict the use of a VDR by a particular user based on IP address or device type. It’s a valuable tool for M&A deals as well as other shady business ventures.

A good provider will allow granular rights settings for users and two-factor authentication. They will also offer remote shred which removes downloaded files when an administrator has removed access. In addition, they will be able to handle most commonly used file formats like PDFs and avg reviews pros and cons XLSXs. The most trusted providers will be able to add a watermark to the files users download, which will discourage people from sharing copies of the files online. They can also set an expiration date for the files downloaded to stop unauthorised downloads.

Other useful tools include redaction, which enables the administrator to remove (black out) fragments of text or certain areas of a text from the view of authorized users. This is essential because it will protect any personally identifiable information as well as critical business information from hackers. The most reliable VDR providers can rewrite PDF, Doc, Docx, PPTX, TXT, PPTX, JPG, GIF, and Q&A files.

Some providers allow users to print documents that automatically include a watermark and they can also permit users to download the original version of the file. A good service offers users the ability to ask questions and answer which allows them to talk about documents in the data room and record answers in a searchable database. This can be extremely useful for M&A deals as well as any due diligence project.