Top Data Room Service Providers and Their Features

In transactions that involve data rooms, they are typically used to share confidential information between participants. This information is highly sensitive and requires rigorous security measures. To ensure your data is secure, you need a virtual data space provider with robust tools and high-level certifications. The most reliable virtual data room provider will be based on your industry, how much work you perform in your VDR and the overall requirements. For example, some companies have to comply with specific industry regulations, while others need to store huge amounts of information. Take a look at this list of the top data rooms providers and their features in order to choose the best provider.

iDeals is a virtual dataroom platform which provides secure file sharing, document control and permission management. It also allows for easy collaboration, and offers real-time tracking. The platform is accessible from any device and offers a free trial for potential clients. The software is highly reviewed by Capterra who awarded the company a score of 4.8 out of 5.

Merrill Datasite is a one-stop shop for M&A. Their VDR reference offers basic functions in conjunction with advanced tools like video uploads, Zoom integrations, and AI analytics. The service is backed by more than 4 million users and has a global presence.

DealRoom is an interactive virtual dataroom and M&A Project Management Software that helps streamline the entire process. It brings all the tools used in the preparation, execution and monitoring the project into one convenient platform. Teams can focus on the deal instead of juggling with different tools. The platform is accessible to every device, supports a variety of file types and includes custom workflows, features and secure fence view.