The best virtual data room service providers

1. iDeals
5 / 5

iDeals is one of the most reliable data room providers in the country. Its services are of top-notch quality. Using iDeals virtual data rooms, businesses and organizations will be able to share critical business documents safely and securely.

2. Intralinks
4.6 / 5

Intralinks provides unparalleled virtual data room services to customers. With Intralinks, companies will no longer have to worry about data security. Intralinks mainly specializes in secure file sharing and creating collaborative workspaces.

3. Donnelley
4.4 / 5

Donnelly provides virtual data room software to finance-based organizations. They allow you to carry out all your sensitive financial transactions in a secure way. Donnelley offers versatile tools that’ll enable you to maximize the performance of your finance organization.

4. Clinked
4 / 5

Clinked is a virtual data room solutions provider that offers cost-effective services to customers. The main goal of Clinked is to provide reliable storage and digital management systems to enterprises and startups.

5. Citrix ShareFile
4 / 5

Citrix ShareFile helps you to conduct your confidential business deals in a cloud-based secure environment. With Citrix ShareFile data room solutions, you will be able to access your data from any corner of the world.

6. DealRoom
3.8 / 5

DealRoom offers highly secure virtual data room solutions to companies from across the globe. DealRoom will allow you to carry out all your transactions in a protected environment.

7. SecureDocs
3.7 / 5

SecureDocs offers the fastest online data room services to customers. Your entire data room can be set up within a few minutes. A few of the specialities of SecureDocs include the drag-and-drop feature, and seamless online transactions, among others.

8. Firmex
3.7 / 5

Firmex virtual data rooms protect your data through multiple levels of security. All your documents will be completely safe in the data rooms. The virtual data room for due diligence can be used for M&A and other complex business operations.

9. Datasite
3.6 / 5

Datasite is one of the most popular virtual data room vendors in the world. The data rooms are easily customizable and can provide you with appropriate solutions to meet all your business needs.

10. BOX
3.5 / 5

BOX is an online data room service provider that allows you to set up elaborate data rooms for file-sharing purposes. The due diligence virtual data room follows strict security measures to keep your data protected at all times.

All About Virtual Data Room Service Providers

If you are not aware of virtual data rooms, then this is the place for you. Virtual data rooms are online rooms where you get to store all your data in a secure manner. These data rooms are nothing but cloud repositories that store confidential data. Today, established brands and companies are opting for virtual data rooms to eliminate business bottlenecks and increase the efficiency of their business operations.

Virtual data room for your business

Virtual data room solutions have become extremely important for all kinds of businesses. It is of extreme importance for companies today to keep all their documents completely safe. This is where virtual data room services serve themselves to be extremely important.

You will be able to store all your sensitive information securely by taking the help of a secure virtual data room. You will also be able to share your data with the concerned authorities. The documents can be constantly monitored and kept in an organized way with the help of numerous specialized tools.

In this way, virtual data rooms can be perfect for managing complex business projects and simplify business operations.

Most common uses of VDRs

Virtual data rooms are also used for carrying out financial transactions like fundraising, mergers, and acquisitions, IPO, etc. So, let’s have a look at some of the most common uses of virtual data rooms along with the popular data room companies:

  • Merger and acquisition. M&A is one of the most popular use cases of a virtual data room for due diligence. Merging with or acquiring other businesses requires a lot of research. With a virtual data room, you will be able to keep all your research-related documents secure. You will also be able to share your data with associates whenever required. Among the most popular M&A data room providers include SecureDocs, Firmex, and Datasite.
  • Fundraising. Virtual data rooms can also be used for carrying out various fundraising events. You can use virtual data rooms for conducting events for both large enterprises and startups. You will be able to deal with huge chunks of data during the fundraising process. You will also be able to coordinate between the various teams of your organization. The best virtual data room for due diligence include iDeals, DealRoom, and Clinked.
  • IPO. Virtual data rooms can also be used to carry out IPO transactions. The decision to go public requires the company to comply with various rules and regulations. You will easily be able to organize, store, and share your documents, keeping your associates in the know on any new rules and regulations. Few reputed VDR companies for IPO include Citrix ShareFile, iDeals, and DealRoom.
  • Audit. There are multiple cases in which a third-party organization may have to audit your company's important data. Through a virtual data room, you will be able to share all your data and records virtually. You need not have to worry about data security as none of your sensitive information will be compromised during the audit process. You can easily conduct the audit process by opting for a virtual data room for due diligence by iDeals, DealRoom, and BOX.
  • Secure document sharing. Document sharing is crucial among the internal employees of an organisation. Having a reliable VDR will help you to share your documents by maintaining stringent security measures. Virtual data rooms enable a company to safely share documents with external parties and other service providers without having to worry about important data being stolen or mishandled. Companies like iDeals, Firmex, and DealRoom enable you to share your data in a secure way.

Virtual data room free trial

A useful way to know what a VDR provider can offer to you is to opt for their free trial period. This will allow you to understand how their virtual data room solutions perform in practice. You will also get to know whether their features match the requirements of your business.

Different virtual data room vendors may have different free trial periods. However, there are certain providers as well who may not give you a free trial option. These vendors do not want you to see what they have to offer. Or they do not want their services to be exploited free of cost, preferring to list all the details of their virtual data rooms in data room reviews.

So, let us have a look at the trial period duration of some of the most popular electronic data room providers:

Virtual data room service providerTrial Period
iDeals30 days
DealRoom14 days
SecureDocs14 days
Box14 days

Virtual data rooms are extremely important for businesses and organizations. So, if you are a business owner, you must consider getting a virtual data room for your company. Also, don’t forget to check out the virtual data room pricing before selecting a virtual data room service provider.

Apart from this, don’t forget to consider your needs before choosing a data room for your business. You should pick wisely the online space to host your data securely. Analyze the features and benefits of a virtual data room and get one for your online business.