A virtual data space provides secure document storage and sharing. Typically used in M&A transactions virtual data rooms permit companies to keep confidential documents and ease due diligence. The right VDR can help you improve efficiency in RFPs as well as compliance, audits and board reports with minimal risk and cost.
The best data rooms provide complete security measures, such as watermarking roles-based access, Virus scanning, and much more. These safeguards shield your personal information from cyberattacks and other threats. Furthermore, the top service providers support multiple languages and offer round-the-clock client support. While additional features can be useful, it’s important to select a provider by their product, not the perks. The more time and money a data room company spends on gifts and drinks, the less they have to invest into their product.
The best online data room provider will depend on your needs and the size of the transaction. Here are some of most well-known options:
iDeals is a highly recommended virtual room for M&A and due diligence. This provider has offices across the globe and offers an adaptable solution. It offers a user-friendly and quick installation. Another option is Intralinks which provides an extensive platform that includes a variety of digital solutions and supports numerous languages. Additionally, Firmex is another leading alternative for M&A and due diligence. The virtual data room comes visual acuity test with an intuitive interface and advanced capabilities, such as intelligent automation and a customizable permission system. It is also secured with ISO 27001 certification and multi-factor authentication.