A virtual dataroom (VDR) allows you to share and save confidential data in a secure setting. It helps with due diligence, M&As, tenders and capital raising rounds by enabling an organized review of documents in a controlled environment. It offers a higher degree of security when communicating with outside parties, and minimizes the possibility of sensitive information being lost or leaks.

A VDR typically provides a simple interface and 24/7 support. The best VDRs are intuitive and require no training. They come with a variety features to facilitate due diligence and make it faster, such as secure communication with others as well as granular permissions for documents such as Q&A management and custom NDAs.

Many providers also offer various pricing models depending on the amount of features, users, or storage size. For smaller projects or ones that are a one-off decision, choosing a pay-per-use feature could be a suitable option. Subscription plans are more appropriate for large-scale projects or for long-term use.

Firmex is a specialized file-sharing platform with a high security level. It’s perfect for M&A due-diligence. It supports a variety of file formats, is SOC 2 and HIPAA compliant and features an intelligent search function as well as multi-level user access controls, advanced activity tracking and alerts regarding usage. The infrastructure is protected by encryption of data and virus scanning, as well as 24-hour data recovery and an online, secure repository.

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