If you’re searching for a data room for due diligence or M&A it’s essential to ensure that the company provides a secure environment. You’ll want to know if the data room supports different file types and if the tools for collaboration are appropriate for your team.

If you’re a small company, consider finding out if the service provider can offer technical assistance at a reasonable cost. Look for a website that has customer reviews and testimonials. Find out how fast the company responds to queries via email or live chat. Select a data room that is compatible with your existing software and mobile devices if you can.

Certain providers specialize in specific sectors. CapLinked, for example, focuses on M&A deals which makes the process simple and secure. Their list of clients includes Pfizer and Baird. Dealroom is another popular vendor. It comes with a number of features that can be useful in various kinds of transactions.

The most secure data rooms are those that prioritize security. Look for features such as encryption, virus scanning and firewalls. Some have multi-factor authentication and granular user permissions. You’ll also need to make sure the platform is GDPR compliant and offers industry-specific functionality if you’re dealing with popular data room providers a sensitive field like pharmaceuticals.