If you’re an owner of a business that is planning to conduct a M&A or IPO it is crucial to choose a vendor of virtual data rooms that are able to handle these sensitive and confidential transactions. You should look for a virtual deal room with various features, such as advanced security tools, activity monitoring and specific settings. Certain VDRs also allow you to watermark sensitive documents as well as monitor screenshots and downloads and offer other options for document handling.

Some of the most well-known data room providers include iDeals, Box, SecureDocs and Firmex. iDeals is ideal for medium and small-sized businesses, with flexible pricing plans and advanced features that make it easy to use and manage. Box provides basic collaboration and sharing capabilities however, it is not equipped with advanced functions. Firmex streamlines complex business processes and is used by large organizations. Firmex’s scalable, custom-priced software lets you access your data in read this real-time.

Docully Citrix ShareFile and HelpRange are among the other notable virtual data room providers. HelpRange offers a free trial to test out the features, is a great choice for startups and freelancers. Citrix ShareFile is a cloud-based solution that can be used by small or mid-sized enterprises. It’s a powerful solution that has advanced features, including multiple integrations, as well as role-based questions and answers. This VDR also comes with built-in support, a secure web client and is HIPAA secure. This VDR is a good choice for businesses that have to transfer sensitive documents, such as biotech and pharma as well as healthcare.