Your Data Room Software
A virtual data room (VDR) is a cloud-based platform that helps companies share sensitive documents over the Internet while keeping full control and exclusive ownership. These security-first platforms are the ideal due diligence tools for businesses involved in M&A activities and initial public offerings (IPOs) and other legal procedures.
The best VDRs are not only industry-leading certified but also provide an extensive set of security and collaboration tools that can make a difference in the success or failure of your next project. Software review sites such as Capterra to assess their strengths, or you can ask colleagues and partners that have used virtual data rooms in the past to provide recommendations.
The software for your data room needs to go beyond just share and store files; it must support your complete business operations with document analytics, NDAs that are one-click, e-signature options, and other crucial tools to increase productivity. Find a service that provides 24/7 customer support and APIs that are easy to use, device assync and ad-hoc file storage that can be adapted to the way your teams work.
The top-rated data rooms have security certifications and granular permissions. They also provide different viewing modes for files as well as screen capture blockage and watermarking. They also provide an encrypted repository that is protected by advanced security for data including virus scanning, as well as backups, to ensure 99.9 percent uptime, and protect against cyber-attacks. They also provide an array of storage options that are flexible, with unlimited users, administrators, and projects, unlimited workspaces, and a plan that is customizable based on your needs.