The Best Data Room Providers
The best virtual data rooms are compliant with security standards, allow users to have granular access and offer features such as dynamic watermarks that block printing, saving, and copying which makes it difficult for cybercriminals to make use of confidential documents. Companies who share their documents with third-party organizations, whether for M&A or for fundraising, require the right tools to safeguard sensitive information and keep business operations running smoothly.
When it comes to selecting a virtual data room, there are a variety of options available that can suit different businesses, but many of these providers lack crucial features. You should look through reviews on reputable websites for software reviews to determine whether the vendor offers the functionality that you need for your transaction. You can also research additional services that are often included with the virtual data room.
Some of the best-known virtual data room providers are traditional, and have a history that dates back to pre-Internet times and a well-known brand. RR Donnelley Intralinks Datasite are among the most well-known virtual data room providers. They are renowned for their features and were developed with M&A in mind, as due diligence during this process requires a significant amount of scrutiny of documents. They are usually expensive and may not be able to meet the requirements of smaller transactions.
Other providers are newer and more creative. Firmex is a good example of a rising star that offers the convenience and security of larger companies while retaining the cost savings of a startup. The company is trusted by many industries. It has advanced user settings as well as an ISO 27001 certificate, as and other conformity protocols. Its simple interface and easy-to-use features are also an advantage for users.