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It is crucial to choose the right virtual dataroom provider on hand when you are completing mission-critical transactions or projects. There are many providers that are not the same. Even the smallest differences in the features, costs or interfaces can have a huge impact on the final deal.
This article will help you choose the best virtual data rooms based on your needs. We will look at the most important criteria like functionality, cost structures, security implementations and usability to help you choose the perfect solution for your business.
Traditional Providers
Traditional VDR solutions are distinguished by their outdated software models and per-document pricing models. They also tend to have an extremely steep learning curve, and are lacking many features that could 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 geared towards mid-sized businesses and investment banks.
iDeals is an online data room leader that focuses on facilitating due diligence in M&As, real estate biotech, and technology. Contrary to some competitors, which require users to download plugins to work, iDeals works consistently across all operating systems, browsers and devices without limitations. Its features include speedy upload speeds that can reach 5MB per sec, SmartLock, which allows for revocation of access even after documents have been downloaded, redaction built-in, and DocuSign Integration. Support is available 24 hours a day in various languages.