What are the risks in using a consumer-grade file sharing system vs. a purpose-built virtual data room?
You might think that consumer-grade file sharing systems, such as Box, Dropbox™ and Google Drive™, could do the job. After all, they do market themselves as “low-cost solutions for the high-stakes challenges of M&A due diligence.” Sound good? Repeated high-profile security incidents say otherwise. And good luck getting hold of a file sharer when you’re not paying for the service but trying to participate in the bidding. The challenges of complex M&A due diligence demand a more secure, purpose-built VDR application.
Datasite Diligence
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