If you are a business owner who is planning to conduct an M&A or IPO it is vital to choose a vendor of virtual data rooms that are able to handle such sensitive and secure transactions. You should look for a virtual deal room with various features, such as advanced security tools, activity monitoring and customizable settings. Certain VDRs also allow you to protect sensitive documents with watermarks as well as track downloads and screenshots, and provide other options for document handling.
Some of the most popular data room providers include iDeals, Box, SecureDocs and Firmex. iDeals is ideal for medium and small-sized businesses with a variety of pricing plans that are flexible and advanced features that make it easy to manage and use. Box offers basic content sharing and collaboration capabilities, but it lacks advanced functionality. Firmex simplifies complicated business processes and is utilized by large organizations. Firmex’s scalable, custom-priced software lets you view your data in real-time.
Other notable virtual data rooms include Docully, Citrix ShareFile, and HelpRange. HelpRange offers the opportunity to try the features, is a great choice for startups and freelancers. Citrix ShareFile, a cloud-based software is suitable for medium, small and large enterprises. It is a robust solution that has advanced features, including multiple integrations, as well as role-based questions and answers. This VDR is also HIPAA compliant, with built-in support for HIPAA and a secure web client. This VDR is a good choice for businesses that need to exchange sensitive documents, including biotech and pharma as well as healthcare.