A Data Room Service Review


There are a myriad of virtual data room companies and each one comes with a distinct functionality. In the end, it is important to examine them thoroughly and select a top-tier provider that fits your requirements. To find out more, check out our article on the best online data rooms in the market and their best features.

While free online file sharing tools are perfect for basic document sharing, they do not offer the level of security that is required by M&A due diligence or other business deal processes like partnership or fundraising. In these scenarios, it is recommended that a data space be equipped with advanced security features, such as granular permissions for access, watermarking, and auditing.

An intuitive interface is also a must-have. Find a vendor that allows customization of the logo as well as the terms and conditions and general layout of the data room. Consider the number of people who are invited to join a project and the price per page or per storage.

iDeals, is a VDR solution that is well-known and has a large customer base, including DuPont and Starbucks. It also comes with an intuitive user interface that is simple to use, and a robust feature set that includes bulk uploads, zoom integrations, and an effective tool for searching documents or folders. Some users are unhappy about the high cost of plans as well as the inefficient support. Similar to that, Merrill Datasite is often priced higher than competitors, but comes with advanced security features like secure data encryption and 24-hour backup.