How to Choose the Best Data Room Providers

secure data room

While the billion-dollar industry of virtual data rooms is crowded with numerous vendors, they do not all of them are created equal. Certain vendors, including iDeals and Firmex, Merrill Datasite and CapLinked are well-known for their numerous feature sets as well as user feedback and transparent pricing. It is also essential to check the security certifications and compliance procedures, particularly when dealing with sensitive information.

For instance, iDeals offers a single-stop electronic data room that comes with integrated instant messaging that eliminates the need for third-party software. The platform provides private and group chats, as well as a Q&A module to centralize large volumes of due diligence inquiries as well as lightning-fast answers to queries. iDeals also notifies all users when a new document or user is added to the room. Its customer support team is available via email, chat online and by phone.

Another provider worth considering is Intralinks, whose user interface is designed to be easy to navigate and intuitive to use. Its features include automatic indexing digital watermarks, audits of data rooms reports large-scale drag and drop, and multiple languages that are supported. It is also compatible with iOS, Android, and Windows. Customers can also benefit from a free trial.

Other notable providers include DealRoom Huddle eBlockchain and Onehub Data Room. When selecting a partner it’s important to compare features, customer support, and other aspects. In the end, selecting the best partner for your data space can save time and money while ensuring the success of your initiatives.