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A data place is a highly secure space where business-sensitive information is held. Its use is common in M&A transactions, fund-collecting, financial audits, and legal proceedings. It is also used for collaborative tasks with other companies.

In past times, sensitive information was exchanged in writing, often in physical areas with weighty surveillance. This technique of showing was expensive and cumbersome. It also required a lot of extra personnel to manage gain access to, monitor activities and maintain records. The digital age has lowered the need for a physical space, but businesses that rely on shared data files should have a web based solution in place to protect private information out of unauthorised gain access to and random exposure.

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