In today’s age of technology and cloud services, keeping records and signing off deals in the physical don’t seem to make any sense any more due to the amount of time, effort and money that is lost in travel and other formalities but that isn’t a problem anymore due to the availability of easily accessible and secure virtual data rooms. These virtual data rooms provide secure modes of communication between two organizations to store their settlements or even complete their settlements online. The best part is that there are multiple companies online that will provide you with these services and we are here to help you with the virtual data room reviews.
- iDeals is the first company that comes to my mind and it has been providing quality services since the last 9-10 years. They have been providing secure cloud based solutions for companies and organizations from various industries. The data room is perfect for a lot of big projects and especially for M&A deals.
- If you are looking for an old player then you should go for Intralinks Deal space which has been in this business since 1996 and only focuses on big enterprises, companies that belong to the Fortune 100 list. In addition to the general services expected from a data room, it also provides smooth functioning between the employers and the customers.
- ShareFile is the company you should be looking for if you are just starting out with your company or are an amateur in this field as it makes it very easy for its user to integrate the VDR with various free softwares like DropBox and Google Drive. This eventually ends up in comprising on your security due to the open software environment, but that should not be a problem for beginners.