Data Room Software

Data room software, as its name implies, is designed to keep documents that are protected and used in business transactions. The data is usually important and requires secure access to block competitors from gaining access to it. To achieve this, the best vendors in this category provide features like multi-factor authentication as well as granular user permissions for users and advanced IRM to safeguard the information from unauthorized access. They also offer features like managing mobile devices that impersonate the security of the user and activity tracking to track users.

The most effective virtual data rooms are built to support business-critical processes and are optimized for a variety of platforms and devices, such anonymous as tablets, desktops and smartphones. They are able to seamlessly integrate with other applications, like chat and email. They are available in cloud, on premises and hybrid deployment models for various workflows. The software is simple to install and is designed to make processes simpler making it suitable for small and mid-sized companies that require both efficiency and simplicity.

Some of the most highly-rated data rooms include Intralinks Virtual Data Room, iDeals Solutions and Datasite. They provide a range of critical business features that are suitable for M&A transactions or capital market transactions as well as due diligence, as well as other transactions that require strategic planning. Intralinks helps dealmaking efficiency with an online platform that provides high-risk storage, file-level protection, centralized administration control, and easier access via an IRM that is robust and secure. It also comes with a 24-hour multilingual support line along with pre-configured templates and an intralinks designer to help accelerate project start ups and implementation of best practices.