Popular Data Room Providers
ensure you get a good venture capital deal for your startup
If you’re a business manager preparing to conduct an M&A or IPO it is essential to select a data room provider that is capable of handling these sensitive and private transactions. You should choose a virtual deal room that comes with a range of features, including advanced security tools, activity monitoring, and granular settings. Certain VDRs allow you to add watermarks to documents, monitor downloads and screenshots, and provide other options to customize.
iDeals is one of the most well-known providers of data rooms. Other providers include SecureDocs and Firmex. iDeals is ideal for medium and small-sized companies with a variety of pricing plans that are flexible and advanced features that make it easy to use and manage. Box provides basic collaboration and content 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 view your data in real-time.
Other notable virtual data rooms include Docully, Citrix ShareFile, and HelpRange. HelpRange is a service that offers free trials to test the features, is ideal for freelancers and startups. Citrix ShareFile, a cloud-based software is ideal for medium, small and large businesses. It’s a robust solution that has advanced features, including multiple integrations, as well as role-based questions and answers. This VDR is also HIPAA compliant, with built-in support for HIPAA and a secure web client. This VDR is ideal for companies that need to share sensitive data, such as healthcare, biotech and pharmaceuticals.