Virtual Data Room Providers

Author: b555f4a2

It is vital to choose the right virtual dataroom provider in your arsenal when you are completing critical projects or transactions. There are many providers that are not the same. Even small variations in features, prices or interfaces can have huge impact on the final deal.

This article will help you choose the best virtual data rooms based on your needs. We will look at the most important criteria like functionality, cost structures security, usability, and security implementations to help you choose the right solution for your business.

Traditional Providers

The traditional VDR solutions are defined by their older software and pricing models per document. They also have a an extremely steep learning curve and lack many important tools that can simplify the process.

Modern Providers

A newer breed of virtual data room providers has emerged, offering Software-as-a-Service models that significantly improve efficiency and reduce costs while delivering professional-grade document control. These vendors are typically geared toward mid-sized companies as well as investment banks.

iDeals, the leader in virtual data rooms which focuses on helping due-diligence in M&As, real estate biotech, and technology. In contrast to other providers that require users to install plugins, iDeals works with all operating platforms, web browsers and mobile devices. Its features include high upload speeds of up to 5MB per sec, SmartLock, which allows users to revoke access even after documents have been downloaded, redaction built-in, and DocuSign Integration. Support is available 24/7 in multiple languages.