transforming data security standards in M&A with VDRs
Leading Data Room Providers
The best virtual data rooms on the market offer various tools that provide smooth and efficient working with data and secure sharing. Look for a provider that supports all popular document formats, has a user-friendly interface and can run smoothly on various devices (like iPhones, Android phones, Windows PCs). Also, check if the vendor provides round-the-clock customer support via tickets, emails and phone calls as well as chat.
iDeals, one of the most highly rated VDR providers, is a simple deployment and a broad array of features. Its user-friendly setup is familiar to CFOs and accountants at the entry level and is designed with a simple interface. The company is highly rated by review platforms such as G2 Crowd and Capterra.
Merrill Datasite, an experienced traditional provider of online data room solutions, was established in 1968. The platform used by the company comes with a range of useful features including document, folder or project permissions, bulk AI-redaction and searches in 16 languages. Its advanced security features enable it to pass even the most rigorous audits of data.
FirmRoom is a Chicago-based business that, specializes in highly secure online deal rooms as well as document sharing. Its client base includes mid-size and large companies.
The software developed by the company permits users to create virtual rooms for each project and invite up to a certain number of participants. It can be used in due diligence, mergers and purchases, fundraising and financing, and legal issues. Pricing options include page and storage fees.