The best virtual data rooms are compliant with security standards, allowing the user to grant granular permissions and include features like dynamic watermarks that stop printing, saving or copying, making it difficult for cybercriminals to take advantage of confidential documents. Companies that share documents with other companies, whether for M&A or fundraising, require the right tools to safeguard sensitive data and keep business operations running smoothly.

When it comes to choosing a virtual data room, there are numerous options to choose from that can be suited to different companies, but a lot of these providers lack crucial features. You should read reviews on trustworthy software review sites to see if the company offers the features you require for your transaction. You can also explore additional services that are often bundled with the virtual data room.

Some of the most well-known virtual data rooms are traditional providers with a long-standing history that dates back to before the Internet and a name that is well-known. RR Donnelley Intralinks Datasite are among the most well-known virtual data room companies. They are known to have a lot of features https://dataroomsolutions.org/ and were specifically designed to be used in M&A because due diligence is a process that requires lots of scrutiny of documents. However, they typically have a high price tag and might not meet the requirements of smaller deals.

Other providers are newer and more creative. Firmex is an excellent example of an emerging star that offers the security and usability of larger players with the cost-savings of a new company. This provider is trusted by a wide range of industries, and offers sophisticated user settings, ISO 27001 certification and other compliance protocols. Its simple interface and easy-to-use features are also appealing for users.