The best data room solutions enable businesses to communicate with partners and investors, share confidential information, and protect it. It simplifies and accelerates M&A and other transactions as well as due diligence. Data rooms allow collaboration and communication between users. In addition, they offer an encrypted and secure method to store information. But, choosing the right solution can be a daunting task as each vendor offers different features, pricing, and customer support. To help you in this process we’ve reviewed the top providers and analyzed their most important features to help you choose the most appropriate virtual data room for your company.
Founded in 2012, DealRoom virtual data room aims to revitalize inefficient processes associated with M&A and IPOs. The platform is cloud-based VDR that combines file management with advanced AI and analytics. It reduces complexity and improves the user experience using an intuitive interface. It is equipped with advanced security features like watermarking, click trails and ISO 27001 compliance with bank-grade encryption. Additionally, DealRoom has an inexpensive monthly cost starting at $250.
