Review of Data Room Providers

When choosing a virtual data room, it is important to look over the features of a provider to make sure they are suitable to your project’s needs. In addition to the basic file storage, look for security measures that include access to users with granular permissions as well as multi-factor authentication as well as session timeouts and geographic restrictions that prevent data leaks and unauthorized access. Document security features include secure spreadsheet viewers, watermarking and mode of view-only that can restrict unintentional sharing and screenshots.

A VDR should also include hosting and data storage, a secure Internet connection as well as anti-virus scanning and uptime assurances, as well being security certificates to protect your company’s confidential files against cyber-attacks. Pricing models will allow you to select between a flat fee per project, or one determined by the features, storage capacity and users.

iDeals is the most viewed online data room that is followed by Intralinks and Ansarada. Users have applauded iDeals for its simple interface and desktop and mobile apps with multilingual support, as well as video uploads. However, it’s not customizable, and some users complain that its sophisticated features require a long 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 secure confidential documents throughout the M&A process, such as specific user permissions for each user and a full range of role-based Q&A workflows. Users also appreciate its flexible pricing plans.

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