Data rooms enable you to securely share confidential documents and data with multiple parties at the same time. They are employed for M&A due-diligence, capital raises, IPOs, and other business events that require the authenticity of sensitive data.
Many companies use cloud storage services for file sharing on a daily basis however, they don’t provide the same level of security and advanced features that dedicated data room providers provide. As a result, it’s essential to conduct an online comparison of data rooms before choosing the best solution for your needs.
There are many factors to consider when making a comparison of virtual data rooms, including the provider’s expertise pricing model security measures, as well as storage capacity. It is also recommended to go through reviews on websites of third parties before making a decision.
iDeals has more than 14 years experience and is one of the most reliable data room providers. The platform is well-known for its white labeling system and the extreme ease of use. Some of its most prominent clients include Deloitte, American Airlines and Toyota.
Citrix is a well-established data room provider that offers its software in more than 170 countries worldwide. The platform is renowned for its robust functionality and exceptional customer service. In fact, the majority of users provide positive feedback about its usability and intuitive interface. However, a few customers note that the solution could be improved in terms of the quality of its email integration and overall support.