data room

Secure file storage

A data room is a secure space—physical or virtual—where confidential documents are stored for review during business transactions.

Companies use data rooms during mergers, acquisitions, or fundraising to share sensitive financial and legal information with potential investors or buyers: The due diligence team spent weeks in the data room reviewing contracts.

Virtual data rooms have largely replaced physical ones.

M&A

due diligence

Pre-transaction reasonable care

bidders · negotiations · transactions · proprietary · valuation · investment · documents · disclosure · term sheet · closing

virtual

cloud

Atmospheric water vapor mass

access control · permissions · upload · download · watermarking · indexing · audit trail · login · dashboard · notifications

physical

vault

Secure storage chamber

guarded · fireproof · surveillance · biometrics · restricted access · sign-in · escorted · on-site · visitor log · badges

compliance

audit

Formal accounts examination

regulatory · risk assessment · background check · discovery · examination · retention · redaction · certifications · GDPR

Categories
Opposites
access and disclosure

data roompublic record

Officially accessible government information

public domain · public archives · press release · Wikipedia · open forum

information organization

data roomjunk drawer

Storage for homeless objects

filing cabinet · cardboard box

formality and purpose

data roomhandshake deal

Unwritten mutual commitment

verbal agreement

Family

data, room, datum, date, dated, dating, datable, rooms, roomed

Familiarity
Top 500,000
Profile
Used worldwide · Timeless · Concrete · Rated G