What is a Data Room? A data room is a secure place that is used to store privileged data, usually for legal proceedings or mergers and acquisitions transactions. Data rooms are used for storing documents, file sharing, securing sensitive documents, and conducting financial transactions.
What is usually in a data room?
Traditionally, a data room would literally be an actual room full of documents. Businesses would use a room at their own headquarters, their lawyer's offices or a secure location like a bank where they could house documents and control access to them. Access to traditional data rooms is tightly controlled.