The most reliable data rooms are secure online repository software which allows individuals and companies to work together by sharing files and using document management features. These virtual tools are built to simplify different processes, such as M&A due diligence and archive, with a focus on protecting sensitive information. The best solution for your business will be contingent on your needs, however these 20 tools can help to choose the best solution.

iDeals is an VDR that provides standard document sharing and tracking capabilities, but with several additional features. It has a user interface that can be customized and dynamic watermarking, as well as unique tagging system for quick retrieval and context, and granular permissions. It also has zero-plugin security and real-time reporting as well as a unique indexing system that automatically adds files to archives after uploading. It is ideal for medium and large businesses and freelancers.

Intralinks VDR is a professional-grade platform that assists in elevating M&A processes by streamlining high stake deals. It comes with a user-friendly interface that is accessible both on mobile and desktop devices and comes with robust security measures such as lifetime data protection, user-managed permissions that are custom-designed, as well as advanced IRM. There are other features that help with the M&A process. They include customized workflows and advanced search features.

Merrill Datasite, an online VDR, is a good choice for law firms as well as investment banks, corporate development and private equity. It is a top-of-the-line security solution and can be able to meet the most stringent requirements. It comes with a drag-and drop file upload facility and can be published immediately or scheduled to publish later. It also has visual analysis of document activity as well as a user activity monitor. The solution is cloud based and compatible with all major browsers.