http://www.dataroomspace.net/5-reasons-to-choose-an-open-source-cloud-computing-platform/
When it comes to virtual data rooms, there are various types that are suitable for a variety of business requirements. Virtual data rooms are most commonly used for M&A due-diligence but can also be utilized for fundraising, legal projects as well as other business processes which require secure, confidential document management.
The most effective VDR software platforms are designed to provide the flexibility and scalability needed for managing sensitive data. They typically come with a central dashboard with a folder system similar to the physical file system. This makes it easy for stakeholders and other parties to classify documents. This is especially crucial if there are multiple users accessing the data room at the same time. Advanced search functionality is also vital, allowing users to quickly find the documents they need without having to search through endless paperwork.
A well-designed virtual data room should also contain collaboration tools to facilitate sharing and comments. This allows users to provide feedback on any document, and also share their concerns directly with other participants, keeping the negotiation process moving along. The majority of good platforms also include annotation tools, which allow users to take notes on documents they’re viewing. However the other party will not have access to these notes.
Data rooms in red are utilized for processes which require a high degree of security, while green data rooms offer the perfect balance of security and openness. The former is typically used in M&A due diligence, whereas the latter is more commonly used tool used in the legal or healthcare, as well as real estate.