The most secure virtual data rooms are compliant with security standards, allow granular user permissions and provide options like dynamic watermarks that block printing, saving and copying which makes it difficult for cybercriminals and hackers to gain access of confidential documents. Companies that share documents with third-parties whether for M&A or fundraising events, need the right tools to safeguard sensitive information and keep business operations running smoothly.
There are a lot of options available when it comes time to select a virtual dataroom. However most of these companies don’t provide the features that is required by businesses. It is important to read reviews on well-known review sites to determine if the company provides the functionality you need for your transactions. You can also research the additional services offered with virtual data rooms.
Some of the best-known virtual data room providers are traditional, with a long history that dates back to pre-Internet times and a well-established name. These include RR Donnelley, Intralinks and Datasite. They are known to be feature-heavy and were developed to be used in M&A because due diligence is a procedure that requires an extensive examination of documents. They are usually expensive and may not meet the needs of smaller transactions.
Other providers are newer and more innovative. Firmex is a good example of a rising star which offers the convenience and security of larger players with the cost-savings of a new company. The company is backed by a diverse range of industries, and offers sophisticated user settings, an ISO 27001 certification and other protocols for compliance. Its easy interface and simple features are also appealing for users.
Recent Comments