Review of Data Room Providers

When choosing a data room, it is crucial to review the features offered by a service to ensure that they are appropriate to your project’s requirements. Be sure to look for security features like multi-factor authentication and session timeouts that protect data from leaks. Document security includes features like secure spreadsheet viewers, watermarking, and view-only modes that can limit unintentional sharing and screenshots.

A VDR must also include hosting and storage for data as well as a secure internet connection with anti-virus scanning, time-of-service guarantees, as security certifications that protect your company’s confidential files against cyber-attacks. Pricing models should be flexible and allow you to select between a flat rate per project or one that is based on the size of storage as well as features and users.

The most well-known online data rooms are iDeals, Intralinks and Ansarada. iDeals has been praised by its users for its easy-to-use interface, mobile and desktop apps, multilingual support video uploads, and Zoom integrations. It’s not customizable and some users complain about its steep learning curve.

Ansarada is renowned for its security and has been a partner of choice in many M&A deals. Security-first strategies include a range of tools that safeguard confidential files during the M&A process. This includes granular permissions for users as well as a wide variety of workflows that are based on roles. Pricing plans are flexible.