If you’re a business owner preparing to conduct an M&A or IPO it is crucial to choose a virtual data room provider that is capable of handling these sensitive and private transactions. There are a myriad of features that you should look for in a reputable virtual deal room, such as advanced security tools that track activity and flexible permission settings. Certain VDRs allow you to watermark documents, monitor downloads and screenshots, and offer other options that you can customize.
iDeals is one of the most well-known providers of data rooms. Other options include SecureDocs and Firmex. iDeals offers flexible pricing plans, advanced features and easy-to-use interface make it perfect for small and medium-sized businesses. Box offers basic collaboration and content sharing capabilities, but lacks advanced functionality. Firmex is a business process management software that streamlines processes for large corporations. Firmex’s customizable pricing and scalable software lets you access your data in real-time.
Docully Citrix ShareFile and HelpRange are two other notable virtual data room providers. HelpRange is ideal for freelancers and startups with a free trial that lets you test the features before deciding. Citrix ShareFile is a cloud-based solution that works for small to mid-sized and large enterprises. It’s a powerful solution with advanced features including multiple integrations, as well as role-based questions and answers. This VDR also comes with built-in support, a secure web client, and is HIPAA secure. This VDR is perfect for companies that need to share sensitive information, for example, biotech & pharmaceuticals and healthcare.
