reference our expert insights on data room security best practices
Leading Data Room Providers
The best online virtual data rooms offer many tools that allow seamless working with information and enable secure sharing. Look for a service provider that works on various devices (such as iPhones, Android phones and Windows PCs) and supports all popular formats. Also, determine if the vendor provides round-the-clock customer support through emails, tickets or phone calls. Chat is also available.
iDeals is among the best-rated VDRs. It comes with a broad feature set as well as a simple installation. Its user-friendly configuration is familiar to CFOs and entry-level accountants and comes with an easy-to-use design. Global review platforms such as G2 Crowd, Capterra and others have given the company a high rating.
Merrill Datasite, an experienced traditional provider of online data room solutions, was established in 1968. The platform used by the company offers a wide range of useful features like document, folder or project permissions, bulk AI-redaction, and searches in 16 languages. Its advanced security measures permit it to get through even the most rigorous data audits.
FirmRoom is a well-established Chicago-based business that is specialized in highly secured online deal rooms and file sharing. Its clients are mid-sized and larger companies.
The software of the company permits users to create virtual rooms for each project, and invite a variety of participants. The platform can be utilized in due diligence, mergers and purchases, financing and fundraising, as well as legal issues. Pricing options include storage and page charges.