Data room is a file repository online that allows virtual deal rooms review companies to securely share data with external parties. It helps with due diligence in M&A deals as well as other business ventures, by eliminating physical space restrictions. For instance buyers in London can view documents in a data room in San Francisco without having to travel, and sellers can reach out to a larger audience. It also improves collaboration between teams and helps to keep track of the status of a deal.

The most frequent use for data rooms is the due diligence process. During this period when selling is required, sellers require the security of a platform to store documents, while buyers looking to buy require a single location where they can go to check them. Data rooms are also utilized by law firms and government agencies to work together on complex cases.

Certain data rooms provide additional benefits for users, such as more precise document permissions and branding options, NDA support, and OCR. Some data rooms might include drag-and drop features, automatic indexing, and the option of incorporating custom watermarks. Some of them allow you to download the folders as zip archives, as well as send automatic emails with updates on new content or user activity, and even have dynamic PDF watermarking.

Certain data room providers in the UK offer a no-cost trial, which lets you test their software before deciding on whether or not you want to purchase it. You can also pick from a range of pricing plans to fit your budget. Some of them have support staff who are available to answer any questions you might have during your trial period.