netfiles data room offers comprehensive security features and hosting in Germany

netfiles Data Room users are not prepared to compromise when it comes to security and data protection. As well as state-of-the- art security technology, hosting in Germany also ensures the highest levels of data protection from a legal point of view. Confidential documents can be exchanged within a defined user set, and you are guaranteed that they will not fall into the wrong hands.

Cloud Computing is becoming more and more popular and the question of data protection, not just from a user’s point of view, is becoming increasingly important. The Article 29 Working Party, an advisory body to the European Commission, points out in its most recent statement (Opinion 05/2012 on Cloud Computing – Adopted July 1st 2012) that there is an issue with Cloud services from outside of Europe. Even the Safe Harbor certification, a particular data protection agreement between the EU and the USA, is not considered adequate as far as data protection is concerned, and cannot offer as high a level of protection as is guaranteed by European service providers.

As a German company, netfiles GmbH works according to the strict EU data protection guidelines and the legal requirements of the Federal Republic of Germany, in particular the Federal Data Protection Law (“BDSG”) and the Telemedia Act (“TMG”). All data are exclusively stored and processed in Germany. netfiles Data Room also offers many security features such as 256-bit encryption, 2-factor authentication, additional document protection using watermarks and an audit trail for comprehensive protection when exchanging confidential documents and collaborating online.

netfiles offers companies secure file sharing and central, secure online document management with detailed access rights and mobile accessibility. The Cloud solution allows you to exchange files within the company or with customers and suppliers, and secure data rooms can be set up for M&A projects, due diligence audits, asset transactions, board communication, or property and contract management.

At www.netfiles.com, you can find further information and even sign up for a 14- day, free Data Room trial. You can read more about the Article 29 Working Group and its statement on Cloud Computing at ec.europa.eu/justice/data-protection/article-29.

About netfiles

With more than 20 years' experience to its name, netfiles GmbH is one of the first and leading European providers of virtual data rooms. netfiles data rooms are used primarily in the context of mergers and acquisitions (M&As), due diligence audits and secure data exchange across internal and external company boundaries. Leading-edge software, encryption and security technology ensures that confidential data in netfiles is reliably protected against unauthorized access and data losses. Granular access rights permit precise control of who can view, edit or download what documents. More than half a million users in over 140 countries around the globe have already discovered that netfiles is exceptionally easy to use.

If you would like to know more, sign up to try out the netfiles data room and data exchange 
solutions free of charge for 14 days, with no obligations: https://www.netfiles.com/en/free-trial