Virtual Data Room Providers offer online repositories to store and share documents for business. They allow users to collaborate and monitor access to files. They can be used by companies across a range of industries to share sensitive data with other parties that are not part of the firewall. When choosing the best VDR there are many factors to take into consideration in addition to the cost and ease of use, as well as customer service.

Citrix ShareFile, an online collaboration and file-sharing solution, offers a variety of security features that safeguard sensitive data. This includes e-signatures, watermarks, tracking downloads and the ability to deactivate access even after the file has been downloaded. It also comes with a fully mobile application that is compatible with Windows, Mac, iOS and Android devices.

The platform is utilized in law firms and investment banks, as well as biotech, real estate pharmaceutical, and fund companies. It supports a variety of document formats and also supports multilingual search, OCR document preview, and intelligent AI categories to ease navigation and aid users in finding the information they require. It also offers a variety of integrations with the existing systems.

The cloud-based VDR is designed to be simple to use, and is typically utilized by small and mid-sized businesses for M&A due diligence, asset sales, real estate transactions, fundraising, and many more. It features a simple, user-friendly interface that lets users to organize their projects into unlimited workspaces. Users can create folders and upload files in 25 different formats with advanced search and filtering options make finding documents a breeze.