The number of top virtual data room applications is rapidly increasing. This is a result of the growing demand for secure online space for business document flow. Additionally, new vendors are always upgrading their services and adding sophisticated features to attract more customers.

As a result, it is crucial for a prospective buyer to be aware of the cost of a particular company prior to making a decision. This article will give an overview of the most popular choices in terms of the price of their plans. To choose the best tool, a customer should be aware of their needs for business and choose a service that offers a plan that best fits the needs of their business.

iDeals is one of the most affordable and user-friendly alternatives. Its easy-to-use interface makes it simple to use. All plans offer robust security. In addition, this VDR is compatible with a broad range of devices and operating systems. Its most striking feature is optical character recognition, which allows users to search for documents simply by typing in phrases or keywords.

Another popular option is Sharevault, a powerful online data room that caters to different industries. It is user-friendly and provides security that is bank-grade. This makes it perfect for M&A projects as well as due diligence. It also supports a range of file formats, including audio and video files.

Another top-rated software is FirmRoom which is a cloud-based platform to facilitate M&A transactions. It was designed specifically for the financial sector and it includes a variety of features for managing mergers and acquisitions. It includes two-factor authentication, electronic signature built-in, and customizable NDAs. There are other features that increase its security, including granular permissions and an advanced redlining and editing tool.