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The most effective data room software must be a mix of ease of use, security and convenience. It should also accommodate the needs of your business. To choose the right virtual data room software for you, make sure to compare different providers on unbiased review sites like TrustRadius, G2 Crowd and Capterra.

iDeals is one of the most popular and widely used VDR software in the field mostly because it is user-friendly, with a short time to adoption. It supports many file formats, has advanced security features, and is easy to integrate with other tools like email, CRM and eSignatures. It also offers a free trial for users who are new to the program.

The Virtual Data Room of iDeals has an impressive 4.8 rating on Capterra. It is a customizable and intuitive platform that places an intense focus on customer service. Its primary features include a Sandbox, document-based workflow flows optical character recognition and project management. This VDR service isn’t cheap but it’s worth the price if need a secure and reliable platform.

Another excellent option for M&A due diligence, Firmex Virtual Data Room is a top-rated software with many get more powerful and valuable features like an easy-to-use, customizable interface and round-the-clock customer support. It’s suitable for many industries and comes with the highest level of security protocols like GDPR, SOC 2 and HIPAA.

Docully was founded in 1968, is a basic and affordable online workspace that comes with many essential features for business. It is best suited for strategic transactions and provides high-level security including a sandbox and Q&A sectors, advanced administrator rights and a two-week free trial.