Data Room Providers Review

Review of Data Room Providers

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

A VDR should include data hosting and storage as well as a secure internet connection with anti-virus scanning, uptime guarantees and security certifications that can protect your company’s sensitive files from cyber threats. Pricing models should be flexible which allows you to select between a fixed price per project or depending on the storage size, features and users.

iDeals is the most viewed online data storage space followed by Intralinks and Ansarada. Users have praised iDeals for its easy-to use interface, mobile and desktop applications including multilingual support as well as video uploads. It is not customizable, and some users are dissatisfied with its steep learning curve.

Ansarada is the preferred partner in numerous M&A transactions due to its reputation for security. Its security-first strategy includes a variety of tools to guard confidential data throughout the M&A process, such as specific user permissions for each user and a full range of Q&A workflows based on roles. The pricing plans are also flexible.