Virtual Data Rooms are secure and secure environment for the exchange of sensitive information between business partners. They are utilized for many different purposes, including M&As or litigation, as well as compliance and due diligence. The selection of the best VDR provider is a difficult task that requires careful consideration of a variety of aspects. These include cost and functionality as well the ability to comply with industry standards. The provider should also be able to provide additional services that will help reduce costs and simplify the processes.

A dependable VDR provider must have a high satisfaction rating and offer various ways for customers to contact support staff. These channels should be accessible 24/7 and include email, phone, and live chat. The support team must be knowledgeable and able to answer questions quickly and thoroughly. The company should also provide training to users so that they can learn about the platform’s features.

When choosing a deal room, it’s important to determine what type of document management functions you need. Based on the size of your business, you may require a variety of features or a more basic set of features. It is also important to consider whether your business is looking for cloud-based or on-premise solutions.

Intralinks provides a cloud-based secure solution that is easy-to-implement and provides unlimited storage. The company has impressive security measures, such as multiple layers of protection for sensitive data, including physical security and a continuous backup of your data. It also boasts a 99.9 percent uptime, two-step verification, and a multi-faceted approach to security of online files that includes encryption, dynamic watermarks and document control.