In the past, a simple cabinet for filing was enough to keep all your documents. However, when you are a startup you need a virtual room that is simple to use and offers rapid access to crucial information. It should also come with a full set of security features that protect sensitive data. Many VDR providers also offer additional services like technical support and advice for a lower cost when bought in bulk with their software.
Here are the best data room companies to consider. iDeals is a well-known online data room provider offers a wide range of secure collaboration options. In addition, it provides an audit log secure to keep a full history of user’s activities, e-signature capabilities, and a customizable NDA that can be customized. It also offers a simple interface for non-technical users. It can be used on desktop and mobile devices.
Customers include Deloitte, American Airlines, and Toyota. Firmex is another well-established VDR that specialises in M&A and other business deals, and their user-friendly platform is able to be used across all industries. Security features include watermarking, as well as two-factor authentication.
It’s a great choice for mid-sized and large companies particularly those that need to conduct multiple M&A transactions. Its scalable pricing model lets you pay for extra features if and when you need they are required. It also offers a range of integrations, a customizable interface, and a robust search engine that can identify both exact and partial matches.