The Best Data Rooms for Your Business

The Best Data Rooms for Your Business
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IndustryTrends
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We now live in a world where every company collects and processes huge amounts of information every minute.

But are you really sure that your documents are safe and secure? Are they well organized, or do you spend all your time sorting through documents? Is there quick access to your documents in case of an emergency?

If the answer is no, you need to move to the services of virtual private data room operators https://data-rooms.org/ideals-vdr/, the platforms that allow multiple parties to securely manage, organize, store and share critical information.

The main advantage of a virtual data room is the peace of mind that comes from knowing that a third party can't see sensitive information unless you give them permission to do so. However, with a lot of virtual data room operators out there, it can be hard to know which one is best. That's why we've analyzed the internet and compiled a list of the 7 best data rooms.

Are you ready? Then let's get started!

The Top 7 Virtual Data Room Providers

​​Merrill Datasite

Merrill Datasite is a VDR provider that started as a financial communications and printing business. Now it has evolved into a fast-growing SaaS technology company.

What makes Datasite a great VDR service is the fact that it provides best-in-class security and can satisfy the most uncompromising security requirements.

The platform is specifically designed for high-value sectors such as litigation and M&A.

When it comes to Datasite customer support, there are no communication barriers because executives can answer in more than 20 languages!

Key characteristic:

  • 256bit SSL encryption
  • Audit logs and automatic audit reports
  • Dynamic watermarks
  • Two-factor authentication.

Brainloop

Brainloop is a virtual private data room provider which was launched in 2000 and since then it provides all kinds of businesses with a user-friendly and efficient platform for storing and sharing files.

As any kind of virtual data room services, Brainloop offers features such as automatically generated watermarks, Q&A, encryption and more.

What makes Brainloop different is that it offers integration with your existing enterprise infrastructure, allowing you to create a more cost-effective cloud-based web-based document repository.

Brainloop's high level of security is virtually invisible to end users, making it super simple and straightforward to work with.

Key Features:

  • Encryption on save/open
  • Mass upload
  • Mobile-friendly interface
  • Multilingual support.

iDeals

iDeals VDR supplier has been proven and trusted by the investment banking community, attorneys, and executives from all over the globe.

The main goal of this VdR provider is to give its customers the most secure and convenient solution to help them achieve their business goals.

The platform supports more than 25 file formats and offers tools such such as digital data cryptography, double-step authentication, intelligent filters, and many more.

It can even secure auditing footprints, enabling your company to enhance accounting and transparency.

Key features:

  • A variety of tools for customization and collaboration;
  • Graphs and custom reports showing user activity;
  • Easy online data room software setup and user-friendly interface;
  • Mass downloads with no size or quantity limits.

Ansarada

It is a virtual data rooms supplier with over 100 features such as extensive security controls, digital rights management and reports tracking the level of interest. Ansarada is a virtual data room vendor worth checking out.

Like DataSite, Ansarada was developed exclusively for mergers and acquisitions. Its easy-to-use interface, round-the-clock consultants and analysts, and other similar features can make the merger and acquisition process much easier.

From deal preparation to closing, Ansarada optimizes all tasks using the power of artificial intelligence and machine learning!

Key Features:

  • 99.9% uptime guarantee;
  • Web-based spreadsheet viewer;
  • Customizable document watermarks;
  • Audit trail in real time.

Digitalify

VDR provider Digify was founded in 2011 in the US, making it a very young virtual data room supplier.

This user-friendly platform covers all low-level business needs and small transactions, so it comes at an affordable price.

Digify offers functionality such as access control, revocation access, print and download permissions, security gifts and more.

What's the best part? Digify can be integrated with Dropbox, Google Drive and Box. Its extension for Gmail helps you keep track of email attachments.

Key features:

  • Team-wide file statistics;
  • Interface for mobile devices;
  • Real-time notifications about file activity;
  • Supports most popular formats of the files.

Citrix Sharefile

If you're involved in a business deal, due diligence process or any other confidential business activity, Citrix ShareFile has you covered.

Many companies use this electronic data room provider as their primary resource for sharing and storing information and files. Citrix offers some really great security features such as electronic signatures, watermarks, download tracking, sharing and download restriction and more. The platform is also compatible with all platforms including Windows, Mac, iOS and Android!

Key Features:

  • Analytics for security and performance;
  • Secure web applications and APIs;
  • Application delivery management;
  • Watermarks, click marks and view-only permissions.

Firmex

Since 2006, Firmex has helped grow the VDR market. Each year, millions of documents are exchanged using Firmex. From financial transactions to mergers and acquisitions, Firmex streamlines complex and critical processes for companies of all sizes.

Firmex has worked with many large companies such as Good Year, KPMG, Deloitte and over 100,000 other companies. The service is one of the most widely arranged among virtual data room vendors!

Key Features:

  • Intuitive, affordable and HIPAA compliant
  • Various data room software packages for all types of businesses
  • Reporting and audit trails
  • Biometric assurance

Bottom Line

No matter what industry you're in, a virtual data room is a must have. A VDR blurs time and regional boundaries, giving everyone a secure and neutral space to conduct business processes from anywhere in the world. What more could a business ask for?

So, once you know how awesome an online data room is, compare virtual data rooms listed above and pick the one that works best for your business!

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