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Data rooms let you securely share confidential data and documents with multiple parties at the same time. They are utilized for M&A due diligence, capital raising, IPOs, and other business occasions that require the security of sensitive information.
Many companies use cloud storage services for file sharing on a daily basis however they don’t have the same level security and advanced features that dedicated data room providers do. It’s important to look at the different virtual data rooms before settling on the most suitable solution for your needs.
When comparing virtual data rooms there are numerous factors to consider, including the expertise of the provider pricing model, as well as security measures, in addition to storage capacity. It is also advisable to go through reviews on websites of third parties prior to making a decision.
iDeals has more than 14 years experience and is among the most reliable data room providers. The platform is known for its white-labeling capabilities and extremely user-friendly. Deloitte American Airlines, Toyota and Deloitte are among its most notable clients.
Citrix another well-established data room provider, provides its software in more than 170 countries across the globe. The platform is well-known for its reliability and exceptional customer service. In fact the majority of users give positive feedback about its usability and easy-to-use interface. However, a handful of customers say that the product could be improved on the quality of its integration with email and overall support.