Data room is a place that is used to save a large amount of data and the most specification of this place is to be highly secure location. This can in three types (physical, virtual and data center).
This data rooms have many uses such as storing, transferring files. Sharing financial in addition to the legal transaction is the most helpful usages.
What is data room?
The most common use is process of acquisition which means purchasing one of business enterprise for another one and merging.
That means combining one unit into single entity. So in these two operations a physical data room must be found to save all data for both vendor and buyer.
Data rooms places:-
We can find these rooms in vendor or lawyers offices. That advisers and experts must visit this room for inspection. That will be every where and every time to make sure of security of rooms. Just one bidder given to adviser and if he has a new document must sent as hard copy by a courier. In acquisition process team of operation have to follow the process from many places and countries that is done by these rooms.