10 Best Virtual Data Room Providers In 2021

10 Best Virtual Data Room Providers in 2021

by Emma Jenkins — 2 years ago in Top 10 4 min. read

Virtual data room (VDR) services have soared in popularity in the last couple of years.

VDRs offer businesses to conduct even the largest mergers and acquisitions (M&A) completely remotely without ever meeting in person. They provide safe online space to share and store large files and grants access to selected people to the highly secure, controlled space.

When choosing a VDR provider, one must look out for the reputation of the provider, how the data is handled, the amount of customization offered, and the quality and accessibility of customer service, among other things.

Without further ado, here’s a list of the best data room providers in 2021

10 Best Virtual Data Room Providers in 2021

1. iDeals

iDeals entered the VDR market in 2008 and has managed to get itself on the top of the list with its excellent security features and amazing customer support. iDealsoffers its services to people with all experience levels in VDRs. The intuitive and user-friendly interface makes it easy to navigate the space even for the novices.

With offices in over 20 countries and the website offered in 13 languages, it’s easy to tell that customer satisfaction is the top priority for the company, making it one of the best virtual data room providers out there.

The knowledgeable customer service representatives are always available to guide you through every step of the process, making M&A or other transactions a breeze.
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2. Drooms

This Germany-based VDR provider has established itself as one of the best in Europe with its excellent work in the last two decades.

Drooms offers its users a variety of functionality for different uses. You can customize the features you’ll need and pay for only the ones you’ll use. Customer support is also excellent with this company, having live chat support for all your questions and needs.

Taking pride in innovative approaches, this company was the first to utilize blockchain technology in 2018 for an additional layer of security in their virtual data rooms.

3. Intralinks

A true giant in the business, Intralinks has a portfolio spanning over two decades with some of the largest brands in the world. Having the experience of handling over 34 trillion USD worth of transactions, there’s no doubt that they’re one of the best-known companies in the field.

With excellent customer service and offices in multiple countries, Intralinks typically caters to the needs of transnational and multinational corporations, leaving budding entrepreneurs and small firms better off with the services of other companies.

4. Merrill

Commercially known as DataSite, the Merrill Corporation provides data room services to a wide range of clientele of all sizes around the globe. Security of transactions in DataSite’s VDR is the company’s top priority. They use several layers of protection, including encryption and rigorous control over printing rights.

Additionally, Merrill DataSite offers its users a Q&A forum, making it easy to get the answers to your questions immediately, without having to wait for an answer to your email.

Aside from outstanding virtual data rooms, Merrill also provides a variety of useful services, such as data management, translation, and almost anything a major corporation could possibly require.
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5. DealRoom

Despite being on the market for a shorter amount of time than most of its competitors, since 2013, this Chicago-based company has managed to establish itself as one of the most effective software for every step of the M&A process.

What gains DealRoom a spot on this list is its high level of customization for various processes. Functionality and access to documents can be easily changed and can be easy to use for both parties to M&As. 2-step verification and data encryption provide an added layer of security for the customers.

6. Digify

While Digify only has just over 10 years on the market under its belt, it has made good use of time to gain a revered spot in one of the best VDR providers.

As opposed to Intralinks, Digify targets small- and medium-sized businesses. They have excellent customer support and an easy-to-use platform even for a novice in dealmakers.

Other features that Digify offers include top-tier security features, file management, and even customization options for VDR, which adds a personal touch and brand recognition to your VDRs.
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7. Ansarada

The name comprising the first two letters of its four founders, Ansarada is an Australian VDR provider that’s been on the market since 2005.

Created by entrepreneurial software developers and accountants, the Ansarada platform is as user-friendly as it gets and offers great security targeting due diligence and M&As. The AI-powered SaaS platform has everything you might need for a successful, hassle-free deal-making.

8. Citrix

Citrix Systems has been on the market for over 30 years. The cloud software company has users all over the world, providing many services aside from virtual data rooms.

Citrix Systems has been providing VDR services since it acquired ShareFile in 2011. With many high-profile companies in its portfolio, Citrix Systems is an excellent option for those looking for one-stop solutions for their online data management.

With additional services to VDRs, Citrix targets middle- and large-sized companies, making it a top choice for many directors around the globe.
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9. SecureDocs

Another user-friendly platform, SecureDocs is a US-based company that’s been on the market since 2012.

SecureDocs offers great customer support and industry-standard security features. With a free one-week trial and free demo, the platform is excellent for newcomers to test out their skills.

SecureDocs is easily accessible on all platforms, making it an easy, safe, and versatile option even for individual users.

10. Firmex

Firmex offers its users highly customizable cloud services, including VDR. The company claims that it serves over 15,000 new VDRs each year.

With a simple interface and high-quality security safeguards, Firmex offers different services to its customers based on their size and needs. With high customization options, Firmex makes for a good VDR service option for businesses small or big across virtually all industries.
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Choosing a VDR supplier you can entrust with your most sensitive data and documents can be an overwhelming endeavor.

To compare data room providers, you must first know what it is that you’re looking for. Once you’ve determined what’s most important to you, it’s easier to make the decision by selecting the virtual data room provider that best suits your demands.

Emma Jenkins

Emma Jenkins, content marketing manager. Educational background in IT and in journalism gives her a broad base to cover tech topics.

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