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When it comes to storage of data cloud providers offer an encrypted location for your files. Your data is stored in a datacenter with multiple layers of security and redundant hardware in case one server fails. Your information is protected from natural disasters and hackers such as fires and flooding.

Think about your company’s needs for storage and the features offered by the cloud provider when choosing a data space. The size of your virtual data room depends on the amount of documents as well as their format. Text files are smaller than high resolution images. You should choose a solution that allows you to create folders according to categories like the type of document and the date. This will make it easier to organize your files.

Cloud data rooms that are the most effective also have advanced branding options like customizable About pages and logos. Digify’s Enhanced Branding capabilities permit you to completely personalize the visual aspects of your data room including the login screen, designs for email layouts, backgrounds and even a white-labeled web address.

A cloud data room helps make M&A due diligence much easier, safer and more efficient by allowing full control over confidential information. Both sides of a deal can access the VDR and communicate from the same location with all communications and activities documented as a complete audit trail. This protects sensitive information, like product development and financial performance from being read by the wrong people.