It is impossible to grasp all the details of M&A in a single glance, as there are tens or thousands of documents. Businesses and investors must be able to read all the information available to make educated decisions regarding M&As or tenders. However, sharing this information in a secure and controlled environment can be difficult without data rooms.
Free virtual data rooms might be a good choice for small and mid-sized businesses but they’re not the best choice for larger organizations. Free solutions are more popular as targets for cybercriminals and are not equipped with the advanced security features that paid VDRs provide. In 2019, a misconfigured secure link settings exposed PII and non-public information and even employees of these businesses. In addition, many free data rooms don’t allow for advanced settings for document permissions, which are essential for a high-risk deal.
If you’re looking for a reliable online data room FirmRoom is a top choice for M&As and other strategic transactions. FirmRoom offers a free two-week trial, and will quote each project based on the specific requirements. The platform also has features like drag and drop uploading, bulk file upload as well as permission settings. Additionally, it is ISO 27001, GDPR, and HIPAA certified and has an intuitive user interface. The platform also offers a variety of kinds of pricing plans, including the Pro Plan with 1 project 5 administrators, as well as unlimited users.