• Top Virtual Data Room Providers Read Reviews Online

Discover The Best VDR Providers

Virtual data rooms become the mainstay of the majority of deals and other complex business transactions in any industry. Most commonly used during mergers and acquisitions and other types of corporate and investment banking transactions, virtual data rooms have also found their uses in real estate, legal, life sciences and pharmaceuticals, education, energy, and other sectors. 

Comparing the major virtual data room vendors in virtual data room reviews does not have to become a simple check of the cost of one virtual data room solution compared to another. There are dozens of factors that influence our decision: the number of users of the virtual data room, the contract length, the amount of data that will be uploaded, the list of business-critical features, to name a few. 

So how do we understand which provider offers the best deal? The key is to understand the variety of features present in solutions by top virtual data room providers and then determine which is best for your business needs. 

Comparing online data room providers is complicated. It is not the case where you make a cheek-to-cheek comparison because virtual data room providers offer different pricing plans, unique features, and data management tools, and frequently add new features. 

But by taking a close look at virtual data room offers from top virtual data room providers, we offer some advice to help you find the best value. This website goes deep down into the details to show you which virtual data room providers have the best balance between the choice of secure file sharing features and their pricing plans in this virtual data room comparison.

IDeals Virtual Data Room

IDeals Virtual Data Room #1

iDeals is one of the best-known and oldest Virtual Data Room providers worldwide. Founded in 2004, the company became a VDR provider of choice for top-tier financial institutions, investment banks, hedge…

Merrill Datasite

Merrill Datasite #2

Following iDeals, Merrill is a major player in the virtual data room space. Their focus is on dealing with global financial institutions and big names in the business, as they…

Brainloop Secure Dataroom

Brainloop Secure Dataroom #3

Starting as a consumer-grade file sharing platform, Box has evolved into a full-scale secure virtual data room solution. Under its simple interface, which is well-known to users of their freemium…

Choice Of Users

iDeals #1
iDeals #1
31%
Watchdox #4
Watchdox #4
16%
Merrill #2
Merrill #2
19%
Intralinks #5
Intralinks #5
10%
Brainloop #3
Brainloop #3
18%
Box #6
Box #6
6%

VDR Services

Mergers and Acquisitions

Secure data room helps accomplish the safe disclosure and distribution of corporate data during M&A transactions, as well as other investment transactions, including private equity and venture capital raising, making the data room M&A services highly sought-after.

Due Diligence

Online due diligence data room facilitates the due diligence phase of the deal when all parties access the confidential data in the highly secure environment.

Legal

Dataroom services protect legal documentation including statements, evidence, and transcripts in a highly secure environment where each action of users is recorded by data room services, while many users can access and inspect the data while being invisible to each other.

Life Sciences

Biotech, pharmaceutical, and life sciences companies rely on virtual data room software to meet the data protection regulations and keep their information secure under HIPAA regulations.

Features

Reporting and Audit

Each user action in the virtual data room is thoroughly recorded and can be examined for useful business insight, for example, to gauge user interest in a particular document or folder. VDR provides a complete audited trail of actions which is essential for highly regulated industries with strict compliance requirements.

Gradual Access Control

The data room owner can set a detailed structure of permissions which outline what each user or user group can do in the data room, for example, view in full or in restricted mode, print, save or share the documents. Access rights can be revoked even retrospectively, but not many of providers in this virtual data rooms review have this function.

Ease of Data Access

Most top-grade data rooms can be accessed on a variety of devices, including mobile, and work equally well on all common platforms. Intuitive interface improves user acceptance and eliminates the learning curve so even the least technical of dataroom software users can start working in the VDR straight away.

Secure File Sharing

Data rooms are specifically created for companies who need a controlled, permission-based medium to share sensitive, confidential, or intellectual property data. Relying these precious types of data on consumer-grade file sharing solutions would be a grave mistake. Watermarking, permission-based file sharing, and document rights revocation help to secure file sharing in the virtual data room.

Collaboration Tools

This set of features permit users to collaborate with others on a specific document or folder in the data room. Some collaboration features such as Q&A and secured email can only be found in top-grade data room platforms. Many users rely on the ability to discuss and comment on the data they are working on.

Multi-layered Security

Data security is imperative for virtual data rooms and top VDR providers employ a number of highly advanced security technologies, including encryption, multi-level user authentication protocols, and post-dated access revocation. Document security features usually include customizable watermarking, printing disability, and view restriction.

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