It is important to have the right virtual dataroom service available when you’re working on critical projects or transactions. There are many providers that are not the same. Even seemingly insignificant variations in features, prices or interfaces can have significant impact on a deal.
This article will assist you in identifying the best virtual data room providers based on your particular needs. We examine key aspects like cost structure, functionality as well as security and usability to help you select the ideal solution for your company.
Traditional Providers
The conventional VDR solutions are characterized by their legacy software and pricing models per document. They also have a an extremely steep learning curve, and lack a number of features that can streamline the process.
Modern Providers
A newer breed of virtual data room providers has emerged, offering Software-as-a-Service models that significantly improve efficiency and reduce costs while delivering professional-grade document control. These vendors are typically geared toward mid-sized companies as well as investment banks.
iDeals is a top virtual data room provider that has the goal of facilitating due diligence in M&A, biotech, real estate and technologies. In contrast to other providers that require users to install plugins, iDeals works with all operating platforms, web browsers and mobile devices. Its features include high upload speeds of 5MB per second and SmartLock that lets you revoke access after documents have been downloaded, built-in redaction, and DocuSign integration. Support is available 24/7 in multiple languages.