The most secure virtual datarooms adhere to security regulations, provide users with granular access rights and feature features such as dynamic watermarks, which prevent printing, copying and saving. This makes it harder for cybercriminals take advantage of confidential information. It doesn’t matter if it’s for M&A or fundraising, businesses who need to share documents with a third party require the right tools to protect sensitive information and keep business operations running smoothly.
When it comes to choosing a virtual data space, there are plenty of options available that can suit different businesses, but many of these companies lack crucial capabilities. Read reviews on trusted software review websites to determine whether the vendor offers the functionality that you need to complete your transaction. You can also research the additional services that come with virtual data rooms.
Some of the most well-known virtual data rooms are traditional companies with a history that dates back to before the Internet and an established name. RR Donnelley Intralinks Datasite are some of the most well-known providers of virtual data rooms. They are known for their feature-heavy and were created to be used in M&A because due diligence is a process that requires an extensive examination of documents. They tend to be expensive and might not be able to accommodate the requirements of smaller transactions.
Some providers are newer and more innovative. Firmex is an example of a rising star that provides the usability and security of the larger players, while also offering the cost savings associated with a start-up. This company is trusted by a variety of industries and has advanced user settings, an ISO 27001 certification and other compliance protocols. Its simple interface and straightforward features are also appealing for users.