netfiles is a service from netfiles GmbH for exchanging confidential files securely. The offering consists of four products: Deal Room for due diligence, Data Room for collaboration and data exchange, Data Vault as an encrypted vault, and Send for sharing large files and folders in a business setting. According to the vendor, netfiles is used mainly in mergers and acquisitions and for confidential exchange between companies. With Send you share files through a download link, can set an expiry date, and recipients can upload without an account. The services are delivered as an online service.
netfiles GmbH is based in Burghausen, Germany. Its website names no parent company. According to the company, its servers are located exclusively in secured, certified data centres in Germany, and development also takes place there. No on-premises option is mentioned. For European organisations that want to keep confidential deal documents under European jurisdiction, this is a relevant fact; the software is not open source.