Data rooms are a secure way to share confidential documents and other information with multiple parties in a single location. They are used for M&A due-diligence, capital raises, IPOs, and other business events that require the integrity of sensitive information.
Many businesses use cloud storage services for file sharing on an everyday basis but they don't provide the same level of security and advanced features that dedicated data room providers do. It's important to look at the different virtual data rooms prior to choosing the best option for your needs.
When comparing virtual data rooms, there are numerous aspects to take into consideration, including the expertise of the provider pricing model, security measures, as well as storage capacity. Before deciding it is advised to look up reviews on third-party sites.
iDeals is one of the most trusted data room providers in the industry with over 14 years of experience. It is renowned for its user-friendliness and white options for labeling. Some of its most famous customers include Deloitte, American Airlines and Toyota.
Citrix is another established data room provider that offers its software in more than 170 countries worldwide. The platform is renowned for its robust functionality and excellent customer support. In fact the majority of users provide praise for its ease of use and user-friendly interface. However, a handful of customers observe that the service could be improved on the quality of its email integration and overall support.