Virtual data rooms (VDRs) are a cloud-based storage solution that is utilized for due diligence mergers, acquisitions IPOs as well as other complex business transactions. They offer top-quality data security, which makes them ideal for businesses looking to share sensitive information with external partners in an environment that is secure and controlled. The best data room software is simple to use and offers advanced security measures and has a range of collaboration tools.
iDeals is a VDR provider that delivers on its promise of making it easy and quick to create and use a secure data room for M&A. It comes with a variety of features that set it apart with regards to advanced digital right management, a fast, folder-based search that is more efficient than traditional folder searches, and document tags to aid in organization. It also offers a clear and user-friendly interface, and also offers mobile access to multiple projects, visual analytics and 24/7 support.
Firmex is another option. It’s an online dealroom that simplifies complex, risky procedures such as due diligence for mergers and acquisitions, IPOs, and other financial or corporate transactions. It has top-level data encryption and security protocols, as well as visual analytics. It supports different formats for files and languages. It also has an easy drag and drop bulk upload feature and allows several users to log in simultaneously.
Another option that is dependable is SecureDocs that provides complete protection for files as well data room as peace of mind to teams with highly precise controls. They include granular permissions and access control, advanced activity alerts and two-factor authentication. They are also housed in AWS data centers, which have an extensive infrastructure. It also features a streamlined interface, a meaningful dashboard report and optical character recognition.