It is crucial to choose the right virtual dataroom provider in your arsenal when you’re working on critical projects or transactions. Not all providers are the same. Even small variations in features, prices, or interfaces can have an enormous impact on a deal.
This article is designed to help you identify the best virtual data room providers based on your particular requirements. We examine key criteria such as the functionality, cost structures, and security implementations to help you determine the most appropriate solution for your business.
Traditional Providers
Traditional VDR solutions are characterized by their old software models and per-document pricing models. They also have a an extremely steep learning curve, and lack many important features that can speed up the process.
Modern Providers
A newer breed of virtual data room providers has emerged, offering Software-as-a-Service models that significantly improve efficiency and reduce costs while delivering professional-grade document control. These vendors are typically geared towards mid-sized businesses and investment banks.
iDeals, the leader of virtual data rooms which focuses on helping due-diligence in real estate transactions, M&As biotech, as well as other technologies. Unlike competitors who require users to install plugins, iDeals is compatible with all operating systems, web browsers and mobile devices. Its features include quick upload speeds that can reach 5MB per sec, SmartLock, which allows for revocation of access even after the documents have been downloaded, redaction built-in, and DocuSign Integration. Its support is available around the clock and comes with a variety of languages.