Data Room Review of Providers
When choosing a virtual data room, it’s important to look over the features of a provider to ensure they are suited to your project’s requirements. Be sure to look for security features like multi-factor authentication and session timeouts to prevent data leaks. Document security features include watermarking and secure allvirtualdesign.com spreadsheets and a view-only mode that restricts sharing without permission and screenshots.
A VDR should also include data hosting, storage as well as secure internet connections and anti-virus scanning, as well as uptime guarantees and security certifications that can protect your company’s confidential data from cyber threats. Pricing models should allow you to select between a flat rate for each project, or one based on the features, storage capacity and number of users.
The most well-known online data rooms are iDeals, Intralinks and Ansarada. iDeals has been praised from users for its simple interface as well as desktop and mobile apps, multilingual support video uploads and Zoom integrations. It is not customizable, and some users are dissatisfied with its steep learning curve.
Ansarada is the partner selected in many M&A transactions due to its reputation for security. Its security-first approach includes a range of tools to secure confidential documents throughout the M&A process, including access to user permissions that are granular and a wide range of role-based Q&A workflows. Users are also pleased with its flexible pricing plans.