closd: Secure Data Room Software
closd helps professional advisors and enterprises organize secure document exchanges. It supports teams requiring granular access controls and activity tracking during complex deals.
At a glance
- Category
- Operations
- Best for
- Law firms, Enterprises, Professional advisors, Dealmakers
- Pricing
- Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
- Key use cases
- Due Diligence Management, Secure Party Communication, Audit Trail Maintenance, Closing Documentation
- Official website
- closd.app
closd is a secure data room platform provided by LexisNexis, designed to support the due diligence process for high-stakes business transactions. It provides a controlled environment for sharing sensitive documents between parties, such as law firms and corporate enterprises.
The platform focuses on security and access management, allowing administrators to organize participants into groups and set permissions down to the individual document level. This helps ensure that only authorized users access specific information during a deal.
Beyond storage, the tool includes a Q&A module for communication, activity logs for traceability, and features to restrict unauthorized sharing, such as watermarking and download prohibitions. It also includes AI-driven document summary functionality.
Buyers should confirm if the EU-based hosting and specific compliance frameworks meet their regional legal requirements.
Key Features
Allows administrators to configure precise viewing and access rights down to the document level.
Supports organizing users by teams, roles, or specific sides of a transaction.
Provides a dedicated space for parties to exchange questions and answers during due diligence.
Maintains logs of user actions to provide traceability of partner activity within the data room.
Includes watermark download prohibition and AES-256 encryption for data at rest and in transit.
Uses AI to generate summaries of documents within the platform.
Supports the creation of downloadable closing binders at the end of a project.
Use Cases
Facilitating the secure exchange and review of sensitive documents during high-stakes transactions.
Using the Q&A module to manage inquiries between buyers, sellers, and legal advisors.
Tracking which parties have accessed or downloaded specific documents using activity logs.
Organizing and exporting final project documents into a downloadable closing binder.
Best For
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
FAQ
closd is designed for law firms, enterprises, and professional advisors handling high-stakes transactions.
It uses AES-256 encryption, EU-based AWS hosting, two-factor authentication, and provides options for watermarking and download prohibition.
Yes, the platform includes an AI document summary functionality to help users process information.
Pricing is not explicitly listed in the provided materials; users are directed to request a demo for pricing information.
Source category: Operations
Source subcategory: Document Management
