The Best Data Room Providers

The best virtual data rooms are compliant with security standards, allowing granular user permissions and provide features like dynamic watermarks that prevent copying, saving and printing which makes it difficult for cybercriminals and hackers to gain access of confidential documents. Companies that share documents with third-parties, whether for M&A or fundraising events, need the right tools to guard sensitive information and keep business operations running smoothly.

There are numerous options when it comes time to select the best virtual dataroom. However the majority of these providers do not offer the functionality that is needed by businesses. Read reviews on trusted software review websites to determine Secure Data Rooms if the company offers the functionality that you need to conduct your business. You can also research additional services that are typically included with the virtual data room.

Some of the most well-known virtual data rooms are traditional providers with a long-standing history which dates back to before the advent of the Internet and an established name. RR Donnelley Intralinks Datasite are some of the most well-known virtual data room providers. They are renowned for their feature-rich nature and were created with M&A in mind since due diligence in this process requires a lot of document scrutiny. They are generally expensive and may not satisfy the requirements of smaller transactions.

Some providers are newer and more innovative. Firmex is a good example of a rising star which offers the security and usability of larger players while offering the cost-savings of a startup. This provider is trusted by a diverse range of industries and provides advanced user settings, ISO 27001 certification and other protocols for compliance. The simple interface and basic features are also an advantage for users.