Best Virtual Data Rooms in 2024

In this article we will discover best virtual data rooms in 2024

Quick Recap of Virtual Data Room Providers

  • Papermark: Open Source and modern virtual data room for secure document sharing
  • Intralinks: Offers robust secure file sharing and collaboration tools, ideal for high-stakes transactions and business operations
  • Box: Known for its secure content management and file sharing services, providing a centralized digital workspace for team collaboration
  • Citrix ShareFile: Offers a custom file-sharing site for businesses, emphasizing secure document collaboration and integration with various tools
  • Dropbox: Popular for its user-friendly interface and extensive integration options, suitable for both individual and enterprise use
  • Google Drive: Widely used for its seamless integration with Google Workspace tools and strong collaboration features
  • Microsoft OneDrive: Integrated with Microsoft 365, it offers robust file sharing and collaboration features
  • SharePoint: Allows specific control over file sharing, suitable for both internal management and sharing with external parties
  • Firmex: Specializes in virtual data room services with features like drag-and-drop upload, bulk download, and enhanced confidentiality controls
  • SecureDocs: Generally known for providing secure virtual data rooms with strong encryption and security measures.
  • Ansarada: Recognized for its AI-powered data rooms and advanced data protection features.
  • Digify: Offers secure document sharing with tracking and rights management.
  • NextCloud: Known for its open-source solution for file hosting and real-time collaboration.
  • Datasite: Typically provides comprehensive virtual data room solutions for M&A and other complex transactions.

Papermark - Open Source Virtual Data Room

Website: papermark.io Papermark website

Papermark is an open-source platform designed for secure document sharing and management. It offers a customizable and self-hosted solution that caters to various business needs, including data rooms and secure document exchanges.

Papermark Features

  • Secure document sharing with access controls
  • Unlimited Data Rooms
  • Page-level analytics to track engagement
  • Custom branded domains and URLs
  • Full white-labeling
  • Unlimited document uploads
  • Folders
  • Self-hosted version

Papermark Limitations

  • Requires technical knowledge for self-hosting
  • Limited third-party integrations compared to commercial products

Papermark Pricing

  • Free: €0
  • Starter: €25/month
  • Business: €45/month (Data Room plan)
  • Data Rooms: €99/month (Unlimited Data Rooms plan)
  • Enterprise & Self-hosted: Custom

Full white labelling and self hosting is available.

Papermark Ratings and Reviews

Highly rated and supported by over 5000 customers and users.

Website: intralinks.com

Intralinks is a well-established provider of secure virtual data rooms, known for its robust security measures and advanced features that cater to complex transactions like M&A and large-scale financial deals.

  • High-level encryption and security protocols
  • Detailed activity tracking and reporting
  • Advanced permissions and secure document sharing
  • Integration with major enterprise software
  • Can be complex to navigate for new users
  • Higher cost compared to some newer VDR providers
  • Pricing is typically custom based on the transaction size and duration
  • Generally well-regarded in the industry for security and reliability. Specific ratings not provided in the sources.

Box - Virtual Data Room

Website: box.com Box website

Box offers secure cloud content management and file sharing service that enables businesses to centralize their files in a single online platform. It is designed to enhance collaboration across organizations.

Box Features

  • Robust security and compliance measures
  • Real-time collaboration tools
  • Integration with popular apps like Office 365
  • Advanced file management and sharing capabilities

Box Limitations

  • Can be expensive for larger teams or enterprises
  • Some users report issues with sync performance

Box Pricing

  • Professional Plan 1: $9 per user/month, 2 TB of storage
  • More plans available with varying storage options

Box Ratings and Reviews

  • Trustpilot: 1.4/5 (1109+ reviews)
  • G2: 4.4/5 (23037+ reviews)
  • Capterra: 4.6/5 (21542+ reviews)

ShareFile Virtual Data Room

Website: sharefile.com

ShareFile by Citrix provides a secure virtual data room solution designed for streamlined document sharing and collaboration across various industries including finance, law, and healthcare.

ShareFile Features

  • Secure file sharing with SSL/TLS encryption
  • Customizable settings to control who can view, download, and edit documents
  • Integration with Microsoft Office for real-time editing
  • Detailed activity logs to track user access and document changes

ShareFile Limitations

  • Users report occasional syncing issues
  • Interface can be clunky and outdated compared to competitors

ShareFile Pricing

  • Offers a range of plans starting from $50/month for basic services
  • Custom pricing for advanced features and larger teams

ShareFile Ratings and Reviews

  • Generally receives positive feedback for functionality and security. Specific ratings not provided in the sources.

Dropbox Virtual Data Room

Website: dropbox.com

Dropbox website

Dropbox offers a virtual data room solution as part of its advanced offerings, designed to facilitate secure document sharing and collaboration.

Dropbox Virtual Data Room Features

  • File synchronization across devices with strong encryption
  • Advanced sharing controls, including password protection and expirations for shared links
  • Easy integration with third-party applications
  • Smart Sync to save space on your device

Dropbox Limitations

  • Basic plan has limited storage capacity
  • Security features may not be as robust as those offered by dedicated VDR providers

Dropbox Pricing

  • Plus $15/ month
  • Essentials: $25/ month
  • Business: $35/ month

Dropbox Ratings and Reviews

  • G2: 4.4/5
  • Capterra: 4.6/5
  • Trustpilot: 1.4/5

Google Drive Virtual Data Room

Website: google.com/drive

Google Drive

Google Drive offers a virtual data room capability through its Google Workspace platform, providing secure and scalable solutions for businesses of all sizes.

Google Drive Features

  • Seamless integration with Google Workspace apps (Docs, Sheets, Slides)
  • Robust collaboration tools including commenting, suggestions, and real-time editing
  • Advanced search functionality powered by Google AI
  • Extensive file sharing and access controls

Google Drive Limitations

  • Basic plan offers limited storage
  • Privacy concerns due to data being stored on Google servers

Google Drive Pricing

  • Free plan with 15 GB of storage
  • Paid plans start at $1.99/month for 100 GB of storage
  • Enterprise solutions with advanced features and support are available

Google Drive Ratings and Reviews

  • Highly popular with generally positive reviews, especially for collaboration. Specific ratings not provided in the sources.

iDeals Virtual Data Room

Website: idealsvdr.com

iDeals Virtual Data Rooms website

iDeals is a leading provider of virtual data rooms, known for its high security and advanced features tailored for M&A, real estate, and legal industries.

iDeals Features

  • Military-grade security with 256-bit encryption
  • Intuitive interface with no training required
  • Comprehensive audit trails and detailed activity reports
  • 24/7 customer support with dedicated project managers

iDeals Limitations

  • Premium pricing can be a barrier for smaller businesses
  • Some users find the interface to be less intuitive than competitors

iDeals Pricing

  • No public pricing available; custom quotes provided based on client needs

iDeals Ratings and Reviews

  • Highly regarded in the industry for security and ease of use. Specific ratings not provided in the sources.

Microsoft Virtual Data Room

Website: microsoft.com

Microsoft offers virtual data room capabilities through its SharePoint and OneDrive services, integrated within the Microsoft 365 suite.

Microsoft Features

  • Deep integration with Microsoft 365 apps for seamless collaboration
  • Comprehensive security features including advanced data-loss prevention
  • Extensive compliance certifications and data governance
  • Advanced sharing and privacy controls

Microsoft Limitations

  • Can be complex to configure and manage without IT support
  • Some features are only available with higher-tier plans

Microsoft Pricing

  • Included with Microsoft 365 subscriptions; specific plans vary
  • Standalone VDR features may require additional licensing

Microsoft Ratings and Reviews

  • Widely used with generally positive feedback for integration capabilities. Specific ratings not provided in the sources.

OneDrive Virtual Data Room

Website: onedrive.com onedrive

OneDrive provides virtual data room functionalities as part of the Microsoft 365 suite, offering secure cloud storage and file sharing capabilities.

OneDrive Features

  • Seamless integration with Microsoft Office apps
  • File sharing with advanced security settings like expiration dates and access levels
  • Personal Vault for sensitive information
  • File recovery and ransomware detection

OneDrive Limitations

  • Storage limits on lower-cost plans
  • Relies heavily on integration with other Microsoft services

OneDrive Pricing

  • Free plan with 5 GB of storage
  • Paid plans start at $1.99/month for 100 GB
  • Additional features available through Microsoft 365 subscriptions

OneDrive Ratings and Reviews

  • Generally well-received for its integration with Microsoft products. Specific ratings not provided in the sources.

SharePoint - Virtual Data Room

Website: sharepoint.com

SharePoint, part of Microsoft 365, is a web-based platform used for collaboration, document management, and storage system. It allows organizations to create websites and secure places to store, organize, and access information from any device.

SharePoint Features

  • Deep integration with Microsoft products
  • Document versioning and rollback capabilities
  • Advanced security and compliance tools
  • Customizable workflows and forms

SharePoint Limitations

  • Can be complex to set up and customize
  • Best used within an ecosystem of other Microsoft products

SharePoint Pricing

  • Included with Microsoft 365 subscriptions; standalone plans also available

SharePoint Ratings and Reviews

  • Widely used in corporate environments, known for its robust features and integration capabilities. Specific ratings not provided in the sources.

Here are the descriptions for the requested virtual data rooms in a similar format to the provided example:

Firmex Virtual Data Room

Website: firmex.com

Firmex is a robust virtual data room provider known for its strong security features and user-friendly interface. It is widely used for complex processes such as M&A, litigation, and compliance.

Firmex Features

  • High-security standards with dynamic watermarks, two-factor authentication, and document control
  • Comprehensive project management tools
  • 24/7 customer support
  • Detailed reporting and audit trails

Firmex Limitations

  • Can be expensive for small businesses
  • Some users find the interface less intuitive compared to newer platforms

Firmex Pricing

  • Pricing is based on usage and specific client needs, typically offered through custom quotes

Firmex Ratings and Reviews

  • Highly rated for its security and customer service. Specific ratings not provided in the sources.

SecureDocs Virtual Data Room

Website: securedocs.com SecureDocs website

SecureDocs offers a highly secure virtual data room solution, designed for fast and efficient deal management, particularly in M&A and fundraising.

SecureDocs Features

  • Strong encryption and security protocols
  • Simple and intuitive interface for rapid deployment
  • Detailed activity tracking with audit logs
  • Flat-rate pricing for unlimited users and data

SecureDocs Limitations

  • Fewer customization options compared to other VDR providers
  • Limited third-party integrations

SecureDocs Pricing

  • Flat rate pricing starting at $250/month for unlimited data and users

SecureDocs Ratings and Reviews

  • Known for its simplicity and effectiveness in transaction management. Specific ratings not provided in the sources.

Certainly! Here are the descriptions for Ansarda, Digify, NextCloud, and DocSend formatted in a similar style to the previous examples:

Ansarda - Virtual Data Room

Website: ansarda.com Ansarada website

Ansarda is a virtual data room provider designed for secure and efficient document management and collaboration across various business sectors including finance, law, and real estate.

Ansarda Features

  • Advanced security protocols including encryption and secure file transfer
  • Real-time collaboration tools for document editing and sharing
  • Comprehensive audit trails and activity tracking for compliance
  • User-friendly interface with drag-and-drop functionality

Ansarda Limitations

  • May be cost-prohibitive for smaller businesses
  • Limited customization options for user interface

Ansarda Pricing

  • Pricing details are typically custom based on client needs and project scope

Ansarda Ratings and Reviews

  • Known for its robust security and ease of use. Specific ratings not provided in the sources.

Digify - Secure Virtual Data Room

Website: digify.com Digify website

Digify offers a secure virtual data room solution, focusing on protecting sensitive information during financial transactions and intellectual property management.

Digify Features

  • File-level security with rights management and document tracking
  • Integration with popular platforms like Dropbox and Google Drive
  • Detailed reporting for user activity and document access
  • Easy to set up with no training required

Digify Limitations

  • Some users report issues with mobile app functionality
  • Integration with larger enterprise systems can be complex

Digify Pricing

  • Starts with a free trial; paid plans include more advanced features and support

Digify Ratings and Reviews

  • Generally receives positive feedback for its security features. Specific ratings not provided in the sources.

NextCloud - Open Source File Sharing and Collaboration Platform

Website: nextcloud.com

NextCloud provides an open-source solution for file sharing and collaboration, allowing businesses to host their own secure cloud storage service.

NextCloud Features

  • Self-hosted storage with full control over data
  • Integration with office tools for real-time collaboration
  • Scalable to the needs of both small businesses and large enterprises
  • Extensive file access and security settings

NextCloud Limitations

  • Requires technical knowledge for initial setup and maintenance
  • Performance can vary based on the hosting environment

NextCloud Pricing

  • Free for the open-source version; enterprise pricing available for additional support and features

NextCloud Ratings and Reviews

  • Highly valued for its flexibility and privacy focus. Specific ratings not provided in the sources.

DocSend - Document Management and Sharing Tool

Website: docsend.com Docsend

DocSend is a document management platform that allows users to share, track, and manage documents securely and efficiently.

DocSend Features

  • Real-time document tracking and analytics
  • Advanced document permissions and security settings
  • Integration with email and other communication tools
  • Simple user interface for easy document sharing

DocSend Limitations

  • Limited offline capabilities
  • Some users find the pricing model to be expensive for the features offered

DocSend Pricing

  • Offers a basic plan with essential features; higher tiers include more advanced analytics and integration options

DocSend Ratings and Reviews

  • Known for its detailed tracking and ease of use. Specific ratings not provided in the sources.

These descriptions provide a comprehensive overview of each tool, highlighting their main features, limitations, pricing, and general reception in the market.