Blog

Top Virtual Data Room Reviews

When searching for a virtual data room, it is essential to choose a service with an intuitive interface and a low learning curve. You should also check whether the software offers a trial-free or cost-free time frame to test the software. You can also read reviews on websites that are not affiliated with the vendor to get more information about the vendor.

A great VDR will offer a variety of features like collaboration, file sharing, and secure controls that are granular. Furthermore, the tool should be able track usage and uploads, and transform audit logs into customizable reports to simplify project management. The tool should also come with 24/7 customer service and a robust encryption suite.

Firmroom is cloud-based virtual dataroom which is ideal for M&As and other information-dense transactions. It offers various access permissions, a powerful search tool secure document sharing and a range of access rights that are flexible. It also facilitates secure document transfers and overcomes file size limitations. It’s a great option for mid-sized and large-sized businesses.

CapLinked is a leading M&A VDR that lets users share files with third parties and monitor activity in real-time. It also has an advanced feature called “fence view” which blacks out certain areas of documents so that personally-identifiable information stays private.

Life science companies are often merged with each other or raise funds, and they require a VDR to safeguard their intellectual portfolios. One option is iDeals which offers an intuitive interface and extensive functions, and also provides security certifications like ISO 27001 and SOC 1/2/3.