Data Room Providers Review

Review of Data Room Providers

When selecting a virtual data room, you need to evaluate a provider’s features to ensure they’re suited to your project’s requirements. Consider security features such as multi-factor authentication and session timeouts to protect data from leaks. Document security features include secure spreadsheet viewers, watermarking and view-only modes that limit the sharing of screenshots and unintentional sharing.

A VDR should also include data hosting, storage as well as a secure internet connection, anti-virus scanning, uptime guarantees and security certifications that can protect the confidential files of your business from cyber threats. Pricing models should allow you to choose from a flat rate per project, or one dependent on features, storage size and the number of users.

iDeals is the most sought-after online data room, followed by Intralinks and Ansarada. iDeals has been praised by users for its easy-to-use interface with desktop and mobile apps, multilingual support video uploads and Zoom integrations. However, it is not customizable and some users complain that its advanced features require a lengthy learning curve.

Ansarada is the partner chosen in many M&A transactions due to its reputation for security. Its security-first strategy includes an array of tools to safeguard confidential data during the M&A process. These include granular permissions to users as well as a complete range of workflows that are based around roles. The pricing plans are also flexible.

Leave a Comment

Your email address will not be published. Required fields are marked *