A top data room is an online tool to store, edit, and sharing information. It’s also a safe method of sharing documents with investors, partners or other stakeholder. As compared to physical spaces, virtual data rooms are more efficient and easy to use. Additionally, they have more security features, such as two-factor authentication, timed access expiration, and IP address-based restrictions of access. They also provide advanced addataroom.com features such as redaction fence view, redaction and timed access expiration.
iDeals has been offering virtual data rooms for 14 years. Its clients include Deloitte, American Airlines, and Toyota. Its VDR platform supports more than 25 formats for files and is accessible from mobile devices. It also supports drag-and-drop uploading, high-quality previews and document activity tracking. Customer support is available via email, phone and chat. The interface is easy to comprehend and can be customized by using avatars, logos and colors.
Another top virtual data room is Digify. It is designed for M&A transactions and comes with advanced features such as AI-based analysis of files and management. It’s a simple user interface and is compatible with Windows Mac and iOS. Prices start at $120 a month, billed annually.
Intralinks is another popular choice. It provides a user-friendly interface, as well as many advanced features. It can be used in M&A transactions and any other large-scale project. Security is a key feature, with two-factor authenticating, document auditing and advanced user settings.