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Dealmaking is a time-consuming process that requires the storage and sharing of huge volumes of confidential information. Virtual data rooms help to make collaboration and due diligence much easier, reducing the need for physical files and enhancing transparency. It also improves the security of transactions and business transactions. The right solution will make sure that your data is organized, efficient, and secure. To select the right solution, you must understand the features available and select one that has them all. To help you out we have compared the best VDR providers, like iDeals Citrix and Datasite in terms of their data management capabilities.

iDeals is a market leader for M&A transactions worldwide banking, capital markets and collaboration on projects. The robust toolkit they offer includes consultation services, training options and 24-hour support. Their data rooms can be accessed in cloud hybrid, on-premise or cloud model to suit your workflow and infrastructure. They offer a Q&A feature to help teamwork and communication as well as an advanced information rights management system which allows you to set access permissions for each user.

Nimbus Platform is a powerful document management and project management application that has a virtual data room (VDR) that puts security at the core of its offerings. The platform enhances security by continuously storing backups on Amazon S3 servers and bank-grade 128-bit SSL encryption. It also comes with physical security features like two-step authentication, mobile passcodes, and more.

RR Donnelley Venue provides M&A buy-side and sell side solutions as well as document repository and procurement management. The company’s powerful tools include compliance and security sync across devices, as well as 24-hour support to make it simple for users to set up and run. Its VDR is praised by all kinds of industries for its data protection and security features, such as the ability to grant granular permissions to documents as well as data at rest encryption and custom watermarks.