Open Source Virtual Data Room

www.dataroomsystems.blog/open-source-virtual-data-room-is-it-real/

A virtual data room offers an secure and safe environment to share files and documents with different stakeholders during M&A. It allows users to review and make comments on documents, communicate with other participants, track activities and more. Its advantages include an easy-to use interface, powerful security and collaboration tools, and a lower price than traditional storage solutions.

In the case of a VDR, access is governed by permissions at the folder or document level. It is possible to restrict access to only download PDF versions or the original documents that have watermarks. It is also possible to set a date for expiration for documents, and monitor who has downloaded what and when. Admins can “virtually” shred the document or remove the download rights when needed.

A good virtual dataroom should also have an intuitive platform that is flexible and can be customized to fit your processes for business as well as IT systems and workflows. It should also facilitate drag-and-drop uploading and allow the creation of custom folder structures as well as a thorough search feature. It should also provide an audit trail, as well as a straightforward tag feature for files to ensure that every activity is recorded.

The best open-source virtual data rooms will have an extensible interface to integrate with other tools and applications. It will also provide a variety of customization options including the ability to create your own branded user interface and a robust security framework which protects against insider threats. It will also perform regular vulnerability scans and infrastructure penetration tests with a third-party vendor and will protect against attacks of denial of service.