Virtual Data Rooms have features that other file sharing services do not:

• Advanced Security Protocols for Compliance

• Activity Tracking

• Export Audit Logs Export Data Room Indexes

• Special Access Restrictions

• Watermarking for Documents

A data room is a secure place to store and share business documents for M&A deals, fundraising, and other activities that require due diligence. Data rooms are also used by law firms and journalists for regulatory reasons.

LockRoom was built specifically for boutique banks and M&A Advisors that work on multiple sell-side deals at the same time. That being said, it can be used for any/all M&A transactions, IPOs, etc.