Review of Data Room Providers
It is important to consider the features of a virtual dataroom provider to determine the best option linked here for your needs. Be sure to look for security features like multi-factor authentication and session timeouts which can protect data from leaks. Document security features include watermarking for spreadsheets, secure spreadsheet viewers, and view-only mode that restricts sharing without permission and screenshots.
A VDR should also include data hosting, storage and a secure internet connection and anti-virus scanners, as well as uptime guarantees and security certifications that can protect the confidential files of your business from cyber-attacks. Pricing models can allow you to pick between a flat fee per project or one dependent on the storage capacity, features and number of users.
The most popular online data rooms include iDeals, Intralinks and Ansarada. Users have applauded iDeals for its easy-to use interface and desktop and mobile apps, multilingual support and video uploads. However, it’s not customizable, and some users complain that its advanced features require a lengthy learning curve.
Ansarada is renowned for its security and has been the partner of choice in many M&A deals. Security-first principles are various tools to guard confidential data throughout the M&A process, such as access to user permissions that are granular and a wide range of role-based Q&A workflows. Users also appreciate the flexibility of pricing plans.