Online datarooms have revolutionized M&A due diligence and post-merger integration. They allow users to access digital files in strategic transactions. The top deal room providers provide features that facilitate collaboration, reduce costs and accelerate M&A processes.

The top online VDRs provide a variety of file management and security features. Choose a platform that is simple to use and has a minimal learning curve, and offers 24/7 customer support. A user-friendly platform makes it simple to track uploads and downloads for all users and files. A VDR with dynamic watermarking, such as can stop duplicated screenshots and the re-use of sensitive information. You should consider a VDR that has advanced search features that can identify complete and partial matches. A fence view function is another useful feature that blacks out parts of files, ensuring personally-identifiable information stays private.

Investment bankers are among the biggest users of VDRs. Information sharing is usually required for IPOs, M&A, and capital raising. Investment bankers should also be able to analyze massive amounts of information to spot patterns that could affect the results of a particular project. A VDR assists them in this by providing them with the ability to share data with clients in a secure environment.

These datarooms come with a variety of security features that protect sensitive information. This includes physical security (data back-up and uptime of a minimum of 99.9 percent) as well as software security (data encryption, two-factor identification IP restrictions), as well as user access control features.