It could be an IPO, a SPAC/deSPAC process, a merger or acquisition, or some other type of deal-making, every company requires a secure space to collect documents and perform due diligence. In the past it was possible to have this performed in a physical meeting room. Today, most of this work is carried out in virtual data rooms.

The best VDR partner will ensure that your next venture runs smoothly. As you narrow your choices be sure to ensure that the VDR has all the features your team requires to be successful. Modern virtual data rooms, such as can be easily integrated with productivity software, such as chat platforms and email to facilitate collaboration. They should also be mobile-friendly for remote working.

Beyond that, a good virtual data room offers granular access permissions for every file and folder within the system. It also has advanced features like redaction and fence view, which blocks personal information by covering with an image in digital format that blocks screenshotting. A reliable VDR should have security certifications that prove it is able to meet the industry standards.

In addition to offering top-quality technical features, the best-in-class VDR providers go the extra mile to help your teams and your deals. They provide multilingual, 24/7 customer support service and have dedicated project managers and teams. Many also have instructional videos and in-app support for users. They’re always making improvements to their technology to be more responsive and faster.

features of a virtual data room