FirmRoom vs. iDeals Virtual Data Rooms

This is a great data room for a simple transaction. It does not offer all of the bells and whistles like some data rooms--but the price point is a fraction of what those data rooms cost. And I think this is a great solution for an M&A project. I'm not sure it would be as good for tracking what users viewed a document or how long--although in all honesty, I didn't see such features. These days, most clients want to try and use Dropbox or Google Docs and I feel that firm room is a far superior solution to those often-used choices and the price point is not very painful and does not decrease the attractiveness of the offering.

In my opinion, there is no scenario that iDeals Virtual Data Rooms would not be suitable. However, in my experience, needs to be improved to beat its competitors. Although data security are taken seriously with the two steps authentication, logging in could be simplified in trusted computers / devices. Same goes for bulk data downloads, since sometimes they don’t function correctly and downloads don’t start in you don’t press “refresh”.

Incentivized

• Securely Store Documents
• Customizable Permissions
• Organize Files

• Data protection
• Two factor authentication
• Reliable system

Incentivized

• There is some latency in loading larger documents. So sometimes it wasn't quite as quick as I would have liked.

• Data download
• Simple login in trusted devices
• Q&A

Incentivized

Due to the lack of usage in some sections already mentioned

Incentivized

In expensive cost and simple design. There was basically no onboarding needed and you can sign up for yourself online. Security standards are similar to other M&A data rooms, but pricing is much less expensive. Never have to worry about permissions when adding new users to the virtual data room.

It’s not up to me to select VDR providers. I don’t see iDeals Virtual Data Rooms in top 3 providers either.

Incentivized

• Much less expensive than per page data rooms
• Can view documents quicker with the in-platform viewer
• Almost no training required which saves me time when inviting new users

• Optimization of time
• Less need of travel

Incentivized