Digital data rooms are an online, secure space where companies can store and share confidential documentation. They're commonly used during the M&A process and are designed to improve collaboration, speed up due diligence, and provide greater visibility into documents. Digital data rooms are becoming more widespread in the business world. This is largely due to their ability to be set up in a short time and because they are more secure than traditional tools for sharing files.

iDeals, one of the top-rated VDR that is renowned for its security. It is certified by ISO 27081. ISO 27081 certification, multiple layers of protection, including physical and application security, as well as data management, and is ISO 27081 certified. It offers a central repository, with customizable tags and folders as well as two-factor authentication and 256-bit encryption. It also offers digital watermarks as well as an advanced search feature that is superior to traditional file-based searches. It also comes with a variety of support options that include consulting, optional training and round-the-clock customer support.

Another highly-rated virtual data room is CapLinked, designed to facilitate secure document sharing and collaboration. CapLinked comes with a wide range of features created for M&A processes, such as a layout that can be customized for virtual rooms along with an electronic signature and NDA capability in just one click and advanced reporting. It also has a non-device-specific syncing feature, 24/7 assistance and a variety APIs.

Additionally, ContractZen is a cloud-based VDR solution that combines simplicity and efficiency with top-quality security for streamlined M&A and business process management. The platform has a streamlined user interface, with intelligent insights and search capabilities which can be tailored to specific users, and group discussion timelines for better workflow control. It supports different file formats, has unlimited storage capacity, and is easy to integrate into workflows.