2014-07-07
Historically, the term „data room“ (1) comes from its purpose with regard to due diligence audits for mergers and acquisitions. Originally, during an M&A, companies created actual, tightly secured rooms on neutral grounds, e.g., on a law firm’s premises, so both parties could benefit from an undisturbed environment and access important files confidentially. Today, virtual rooms have become the norm and are located, along with all the respective content to be audited, in a cloud, i.e., on a server in a data center. Virtual data rooms are also becoming more and more popular among other project fields besides mergers & acquisitions. The steady decline in expenses incurred by cloud services has aroused small and medium-sized businesses’ interest, as well. Hence, with its service IDGARD, Uniscon, a company providing Sealed Cloud infrastructure, offers, with immediate effect, comprehensive, overall data room protection with a detailed journal.