Data Room Review of Providers

When selecting a virtual data room, it is important to assess the features offered by a particular provider to ensure that they are appropriate to the requirements of your project. In addition to basic storage of files, look for security measures that include the ability to grant users granular permissions multi-factor authentication, session timeouts and location restrictions that can keep data from being stolen and prevent unauthorized access. Document security features include secure spreadsheet viewers, watermarking, and view-only modes that can limit unwanted sharing and screenshots.

A VDR should also include data hosting, storage with secure internet connections, anti-virus scanning, uptime assurances and security certifications to protect your company’s sensitive files from cyber threats. Pricing models should be flexible that allows you to pick between a flat price per project or that is based on the size of storage or features as well as the number of users.

iDeals is the most sought-after online data storage space followed by Intralinks and Ansarada. iDeals has been praised by its users for its user-friendly interface including desktop and mobile apps, multilingual support video uploads and Zoom integrations. It’s not customizable, and some users are unhappy with its steep learning curve.

Ansarada has been the preferred partner in numerous M&A transactions due to its reputation for security. Security-first principles are a range of tools to secure confidential documents throughout the M&A process, including granular user permissions and a wide range of role-based Q&A workflows. The pricing plans are also flexible.

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