Should the seller keep quiet about this, he composed of possible claims for damages by the buyer. The technical equipment of the web-based data space is of central importance for the document cover. This should allow only invited bidders access to the confidential information and documents on a dual authentication password and once PIN. The documents should also be equipped depending on the degree of confidentiality with additional security features to increase privacy. These include the read only access”as well as the Suppression of expression, download and e-mail routing.
Depending on the permissions granted participants in the bidding process can see confidential documents about the real estate, for example, only for a limited period. The platform must have a log function, which collects all requests during the bidding process, thus enabling transparent, comprehensible processes. Also the Storage, storage and, where appropriate, the cancellation of the entire records of a due diligence are to be agreed with the data room provider. The data room provider itself may not have access to the relevant confidential documents and must have proven an operator shielding (operator shielding). All documents are stored on the server with a 256-bit encryption.
Any data transfer between client and server when the bidding process is secured with good solutions on a 128-bit encryption. More information about the subjects of bidding process and real estate transactions, as well as the solutions of Brainloop AG please click here: about Brainloop AG the Brainloop AG with its headquarters in Munich and Boston is the leading provider of document compliance management (DCM) solutions for the highly secure handling of confidential documents. The solutions enable seamless traceability of all accesses and changes of the document and thus ensuring Compliance requirements. Brainloop AG’s customers such as Deutsche Post, Deutsche Telekom, Deutsche Bundesbank include ESA (European Space Agency), Landesbank Berlin, Postbank AG, sky, T-systems and ThyssenKrupp and leading law firms and investment banks, which use the Brainloop data space as an online service, ERGO. The Brainloop AG DCM solutions are web-based. This allows the editing and distribution strictly confidential documents across corporate boundaries. Through a highly secure encryption and a screening of all documents from unauthorized internal and external attacker moves the collaboration in a highly secure environment. More compliance requirements are met by full traceability and logging of all accesses and actions. The solutions among others in the body communication, human resources departments and the financial and contract management will be applied. Press contact Brainloop AG Franciscan str. 14 81669 Munich Tel.: + 49 (89) 444-699 0 fax: + 49 (89) 444-699 99 E-Mail: Internet: