If you’re a business owner preparing to conduct an M&A or IPO it is important to choose a vendor of virtual data rooms that can manage such sensitive and private transactions. There are a variety of features to look for in a trustworthy virtual deal room. These include advanced security tools including activity tracking, granular permission settings. Certain VDRs also allow you to protect sensitive documents with watermarks, monitor screenshots and downloads and provide other customizable options for document handling.

Some of the most popular data room providers include iDeals, Box, SecureDocs, and Firmex. iDeals’ flexible pricing plans with advanced features and a simple interface make it ideal for small and medium-sized businesses. Box has basic content sharing and collaboration capabilities, but it’s not equipped with the latest features. Firmex www.vdrapp.info/good-reasons-why-you-need-a-private-equity-document-management-system is a business process management software that streamlines processes for large corporations. Its custom-priced, scalable software allows you to view your data in real-time.

Docully Citrix ShareFile and HelpRange are the other prominent virtual data room providers. HelpRange is a service that offers free trials to test the features, is great for startups and freelancers. Citrix ShareFile is a cloud-based solution that can be used by small, mid, and large enterprises. It offers advanced features and a robust feature set that include multiple integrations, role-based Q&A and secure messaging. This VDR also comes with built-in support for a secure internet client, and is HIPAA secure. This VDR is a great choice for businesses that have to transfer sensitive documents, like biotech and pharma as well as healthcare.