Today’s enterprises are in the continuous process of scaling up by achieving high-level of scalability, security, performance, cost-effectiveness, and integration.
The process of improving systems performance can’t be solved only with application plug-ins, or by moving applications from the data centre to the cloud.
A paradigm shift is required, from the user- or IT-driven integration between applications to automated, contextual synthesis using the AI intelligence that operates across clouds.
Virtual Data Room (VDR) answer this request by offering a secure online repository of information that is used for the storing and distribution of documents, thus facilitating the critical process of “due diligence”.
Due diligence is a process that ensures each party involved is exposed to all relevant facts before making any final decisions on the deal. One good example of due diligence is the M&A (Mergers and acquisitions) transactions, that involves the disclosure of information by the sell side to prospective parties.
Virtual Data Rooms (VDR) make the entire process of M&A due diligence easier, more efficient and safer for everyone by allowing the sell side party to keep full control over how and when information is revealed and to whom.
Thus ensuring, the sell side can manage all communication with their bidders through the virtual data room by maintaining a level of security and flexibility that is required in the critical due diligence process. When the deal is done, VDR offers a full audit trail of disclosure through a single digital archive of all activity.
For reasons of cost, efficiency, and security, VDR’s have widely replaced the more traditional physical data room. They act much like a physical data room except that all data is hosted securely online, and enable multiple potential buyers to access confidential information simultaneously online.
The following are the 10 best Virtual Data Room Providers of 2018:
10. iDeals™ Solutions
iDeals™ Virtual Data Room offers secure, feature-rich and reliable data room services that operate on the state-of-the-art technology combining the ease of use and complete security.
iDeals VDR offer easy to use platform for performing financial transactions such as global drafting, composition, and printing services to produce industry-compliant and professional-looking financial documents for Initial Public Offerings (IPOs) Mergers & acquisitions (M&A), accounting reporting and other market activities.
HighQ Data room is well established as a leading global virtual data room solution provider with over 20,000 transactions completed in the legal, banking and corporate sectors.
They offer secure virtual M&A data rooms to its clients, client extranets and provide services to improve their transaction management processes. HighQ also offers flexible data room deployment models so you can choose what suits best for your enterprise.
Onehub offers secure, anonymous, easy-to-set-up virtual data rooms for your business needs. With Onehub virtual data rooms, you can privately share your most sensitive data while keeping all your collaborators completely anonymous.
With straightforward pricing, no long-term contract lockups, and a free 14-day trial, Onehub is the easiest way to get started with secure file sharing using VDR.
SecureDocs offer virtual data room solution which is simple, affordable, secure and has the features to get deals completed.
With SecureDocs simple and intuitive virtual data room user interface you’ll be up and running immediately, and move through transactions quicker – saving you time and money.
Citrix is a globally trusted brand name in Virtual Data Room provider – they offer ShareFile cloud-based data room services for your most complex and confidential business deals.
The Citrix ShareFile Virtual Data Room makes important data accessible from anywhere in the world. Set virtual data room access permissions for individual users. Track activity with alerts and notifications so you always know exactly who is seeing which files and when.
5. Siris Intralinks
Siris Intralinks is an industry-leading virtual data room (VDRs) provider that also features integrated artificial intelligence (AI) technology in its solution.
Facilitating more than 6,500 transactions annually for a community of over 3.1 million registered users, they are one of the most trusted names in VDRs business.
Firmex offers simple, powerful virtual data room with fixed subscription pricing, multiple levels of security & control ensure safe and compliant document sharing.
Clients open over 11,000 data rooms each year with Firmex – offering M&A Advisory, Funds & Private Equity, Legal and Corporate services for sharing confidential documents beyond the corporate firewall with security and ease.
Box Virtual Data Room is designed to simplify Deal Management. The Box solutions help in streamline the due diligence process by moving negotiations and document management out of insecure email and into a secure virtual data room.
Since 2005, more than 41 million users and 74,000 businesses—including 59% of the Fortune 500—trust Box to manage and secure content in the cloud.
Today more and more M&A transactions are taking place trans-nationally, bringing together buyers and sellers from all over the world. This is why modern dealmakers need a virtual data room that’s sophisticated and intuitive, no matter what language they speak.
Ansarada VDR solutions are designed to meet such challenges, with complete virtual data rooms solutions designed exclusively for deals. Their solutions are designed to simplify due diligence, reduce risk and help advisors and companies succeed in deals.
ShareVault provides Virtual Data Rooms for secure document sharing during due diligence and other business-critical processes.
ShareVault is the innovation leader in providing virtual data rooms and secure document sharing solutions that allow businesses to control and track the sharing of confidential information with external parties during due diligence and other critical business processes.
ShareVault offers high-end features combined with speed, ease-of-use, and quick & easy set-up, and widely considered to be a trusted solution M & A, Fundraising: Private Placements, IPOs and Secondary Offerings, Biopharma Partnering and Licensing Deals.