The best virtual datarooms meet security standards, give users with specific permissions and features like dynamic watermarks that prevent copying, printing, and saving. This makes it harder for cybercriminals and hackers to access sensitive information. Whether it’s for M&A or fundraising, businesses that need to share documents with a third party require the right tools to protect sensitive information and keep business operations running smoothly.
When it comes to choosing the right virtual data room there are numerous choices that are suited to different companies, but a lot of these services lack crucial capabilities. Read reviews on trustworthy software review sites to see whether the provider offers the features you require for your transaction. You can also explore 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 history that dates back to before the advent of the Internet and a name that is well-established. They include RR Donnelley, Intralinks and Datasite. They are known for their feature-richness and were designed with M&A in mind since due diligence during this process requires a lot of document scrutiny. However, they tend to have a high price tag and may not cater to the needs of smaller deals.
Other providers are younger and more innovative. Firmex is an example of a rising star which offers the convenience and security of bigger players, but also offers the cost-savings that come with a start-up. This company is trusted by a diverse range of industries and provides advanced user settings, ISO 27001 certification and other standards of compliance. The simple interface and basic features are also a plus for users.