The best data room software gives you the most advanced control and security of files that allows users to securely transfer sensitive documents to external parties. These software solutions for businesses are crucial for M&A, IPO, and other high-value transactions. The top providers provide secure uploads, auto-indexing, Q&A, e-signature, and robust reporting. They also provide multiple projects, dashboards, and user management.

iDeals VDR, for example has a simple configuration and a wide array of deployment options. Its low learning curve as well as round-the-clock customer support make it the ideal choice for new businesses. However, if you read user reviews best data rooms for m&a take note that the pricing structure can be costly and it doesn’t offer unlimited storage.

Other popular VDR vendors include Box, Intralinks, and Firmex. All of them are trusted by global enterprises, and offer a range of digital solutions to meet the needs of any project. Box is used by more than 95,000 businesses and includes 68% of Fortune 500 companies. Its simple UI and extensive integration of documents are extremely beneficial to daily and small transactions. Its limited functionality makes it unsuitable to large-scale operations.

Intralinks is one of the most widely-used VDR providers, boasting a total of 4 million users in the world. Its capabilities are extensive, including advanced search, document tagging, and the capability to edit and view PDF and Word documents on mobile devices. It is also compatible with third-party applications and supports multiple currencies and languages. It has many advanced features such as two-factor authorization sessions, session timeouts, and location restrictions.