Virtual data rooms (VDRs) are a cloud-based storage solution which is used for due diligence, mergers, acquisitions, IPOs, and other complex business transactions. They offer top-of-the line security for data and provide the best option for companies who wish to share sensitive data in a controlled and safe environment. The best data room software is simple to use offers sophisticated security measures and has a range of collaboration tools.
iDeals, an VDR provider, fulfills its promise to make it simple and quick to set up and use an secure M&A data room. It is equipped with a variety of features that set it apart from other VDR providers, such as advanced digital right management, a powerful folder-based search that is faster than traditional folder searches, and document tags for better organization. It also offers a clear and user-friendly interface, and provides mobile access multi-project management, visual analytics, and 24 hour support.
Firmex is another top choice. It’s a virtual dealroom that helps streamline complex, risky processes such as due diligence for mergers and acquisitions, IPOs, and other corporate or financial transactions. It is equipped with top-of-the-line encryption and security protocols as along with visual analysis. It supports multiple formats of files and languages. It has the drag-and-drop bulk upload feature, and allows multiple users to login simultaneously.
Another reliable option is SecureDocs which offers complete safety for files and peace of mind to teams with highly precise controls. These include granular permissions and access control as well as advanced activity alerts and two-factor authentication. They are also located in AWS data centers, which have a robust infrastructure. It also features a streamlined interface, a meaningful dashboard report and optical character recognition.