Virtual data rooms are becoming increasingly popular as mergers and acquisitions increase around the world. Data rooms allow businesses to collaborate and share data with their stakeholders from anywhere in the world. They also boost security and help with due diligence.

To choose the best virtual data room for your business look up reviews on the Internet. While some of these reviews may be sponsored by vendors ensure that you be sure to read them thoroughly to avoid biases. Don’t forget about the features and prices that each provider offers. This will be an important element in your choice.

iDeals is a simple and user-friendly virtual data space that integrates workflow into its platform with a multilingual interface and multiple tools to manage user and document documents. It also provides secure document sharing, two-factor authorization access to admin rights in granular increments, and visual analytics. It is a fantastic choice for M&A and due diligence projects, and is used by numerous big-name clients such as BMW, Burger King, and Sanofi.

Another option worth considering is BrainLoop, which provides a virtual data room to any business of any size and includes various collaboration tools that encourage teamwork and informative post efficiency. Additionally, it comes with many security features such as the ability to set up immediately, an adjustable NDA and granular user permissions. Its price is competitive and it comes with a no-cost 14-day trial.