If you are a business owner who is planning to conduct a M&A or IPO it is essential to select a company that offers virtual data rooms that can handle these sensitive and confidential transactions. There are a range of options to look for in a reliable virtual deal room, including advanced security tools including activity tracking, the ability to set permissions in a granular manner. Some VDRs allow you to add watermarks to documents, track downloads and screenshots and offer other options that you can customize.
Some of the most popular data room providers are iDeals, Box, SecureDocs and Firmex. iDeals is a great choice for small and medium businesses, with a variety of pricing plans that are flexible and advanced features that make it simple to use and manage. Box offers basic collaboration and sharing capabilities but isn’t equipped with the latest features. Firmex is a business process management software that streamlines processes for large enterprises. Its custom-priced software can be scalable and allows you to view your data in real-time.
Other notable virtual data rooms include Docully, Citrix ShareFile, and HelpRange. HelpRange provides an opportunity to try out the features, is a great choice for freelancers and startups. Citrix ShareFile is a cloud-based solution that can be used by small to mid-sized and large enterprises. It offers advanced features and an extensive feature set that include multiple integrations, role-based Q&A and secure messaging. This VDR also has built-in support for a secure internet client and is HIPAA fully compliant. This VDR is a good choice for companies that need to transfer sensitive documents, like biotech & pharma and healthcare.
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