Digital data room

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The digital data room ( Engl. : Digital data room), sometimes virtual data room (ger .: virtual data room), is a virtual space for the management and storage of documents.

Digital data rooms are used in teamwork to enable secure collaboration on shared documents. In particular, it is used in due diligence .

A digital data room is an internet-based platform that enables secure online access to confidential documents. As part of due diligence, potential buyers check confidential documents such as the economic, legal and tax circumstances of the property in the digital data room.