Data Room Review of Providers
It is essential to take a look at the features of a virtual dataroom provider to determine whether they’re suitable for your project. In addition to the basic storage for files, you should look for security measures such as individual user permissions for users as well as multi-factor authentication sessions, session timeouts and geographical restrictions that could prevent data leaks and unauthorized access. Document security includes features like secure spreadsheet viewers, watermarking and views-only modes that restrict unwanted sharing and screenshots.
A VDR should include data hosting and storage and an internet connection that is secure with anti-virus scanning, security certifications and uptime guarantees to protect the confidential files of your business from cyber-attacks. Pricing models should allow you to choose between a flat fee per project, or one that is determined by the storage capacity, features and the number of users.
The most well-known online data rooms are iDeals, Intralinks and Ansarada. iDeals has been praised by its users for its directory user-friendly interface, mobile and desktop applications, multilingual support video uploads, and Zoom integrations. It is not customizable, and some users are dissatisfied with its steep learning curve.
Ansarada is known for its security and has been the preferred partner in a variety of M&A deals. Security-first is the strategy that Ansarada employs. It includes a range of tools that safeguard confidential files during the M&A process. They include granular access rights for users and a full range of workflows that are based around roles. Pricing plans are flexible.
