Data room software can be a useful and effective solution to exchange confidential information with investors or partners. Virtual data rooms (VDRs) which are often used in M&A and due diligence transactions provide a secure storage space to exchange documents and talk about them. This can help speed negotiations and assist in closing deals.

When evaluating VDRs, you should think about features such as user authentication, security certificates, and file management. It is also important to consider customization options and the availability of apps and cost.

This VDR solution allows users to access the website link platform from any device, be it an iPad or smartphone, desktop or a browser. It offers a simple, user-friendly interface as well as advanced security features. Users can view any file format and download it, and use the built-in electronic signing feature. Users can also add notes and annotations to files. Its granular sharing controls help users keep an exclusive circle of collaborators with options to limit uploads as well as access to download and view. It supports a variety of languages and lets you view high-quality previews.

Firmex is an online VDR solution with a wide range of security features, including password-protected sharing and an extensive control of access to users through digital rights management. Firmex also has a customizable user interface and unlimited account for partners and clients. Its powerful search features include multilingual support as well as OCR. Additionally, it allows users to create a custom virtual data room for each project. It offers a demo for free remote app wiping and a proprietary file scan to stop ransomware.