The best dataroom software provides an efficient, secure environment for sharing important documents and information to an even larger audience. It may have features such as drag-and drop uploading of files and text search capabilities. It also has the ability to monitor and track the activities of users, which can be helpful from a project management standpoint.

This software is widely used for due diligence, M&A, restructuring, and other projects. Key features include a fast upload speed as well as an SmartLock secure vdr feature that allows revocation of access to documents even after they’ve been downloaded, integrated redaction, DocuSign integration, and dedicated project managers.

SoftwareReviews has announced FirmRoom and iDeals Virtual Data Room and Firmex Virtual Data Room the 2019 Best Data Room Software Award Winners based on an independent evaluation of user reviews. Each product is evaluated in all critical categories, and then scored by the feedback of customers.