Dealmaking can be a long process that involves storing and sharing huge volumes of confidential documents. Virtual data rooms facilitate collaboration and due diligence much easier and less reliant on physical files and enhancing transparency. It also boosts confidence in transactions and deals. The best solution will guarantee your data is well-organized and safe. To choose the best one, you must understand the features offered and choose a vendor that provides all of them. To help you, we have compared the top VDR providers such as iDeals, Citrix and Datasite in terms of their data management features.
iDeals is a market leader for M&A transactions worldwide banking, capital markets, and collaboration on projects. The robust toolkit offers consultation services, online training and 24 hour support. They provide data rooms that are cloud-based and hybrid models, as well as on-premises and hybrid models to fit your workflow and infrastructure. They have a Q&A area to promote communication and teamwork, as well as an advanced information rights management system that lets you set access permissions for each user.
Nimbus Platform, a powerful document management and project management software, has the concept of a virtual dataroom (VDR) at its heart. It places security at the main focus of its services. The platform improves security by keeping continuous backups on Amazon S3 servers, and employing 128-bit SSL encryption. It also provides physical security measures like two-step authentication, mobile passcodes, and more.
RR Donnelley Venue offers M&A buy-side and sell-side solutions such as document repository and procurement management. The company’s robust tools include security and compliance, device agnostic syncing and 24/7 support that makes it simple for users to get up and running. Its VDR is a trusted tool for all kinds of industries for its data protection security, including granular document permissions and data at rest encryption and customizable watermarks.