Open Source Virtual Data Room
A virtual data room is a safe and secure environment for sharing files and documents with various stakeholders during M&A. It lets users communicate with other members, look over and comment on documents, track activity, and much more. Its advantages include a simple interface, robust security and collaboration features and a cost-effective solution compared to traditional storage solutions.
In the case of a VDR access is controlled by permissions set at the folder or document level. You can restrict the download to PDF versions of documents, or the originals with watermarks. It is also possible to set a date for expiration for documents and keep track of who has downloaded what and when. Admins can “virtually” shred the document, or even disable download rights as needed.
A great virtual data room will also have an intuitive and adaptable platform that can be adapted to your specific business processes, IT systems and workflows. It should also support drag-and-drop uploading, and allow the creation of custom folder structures and a comprehensive search function. It should also provide an audit trail, as well as a simple file tagging feature to ensure that all activities are documented.
The ideal open-source virtual data room should have an extensible API for integration with other applications and tools. It will also have many options for customization which include the ability to develop your own user interface that is branded and a strong security model that safeguards against insider threats. It also conducts regular vulnerability scans, perform infrastructure penetration tests and implement protection against denial of service attacks.
