The best dataroom provides a safe, efficient environment for sharing important documents and other information. Its features may include multiple document formats, drag-and-drop file uploading, and the ability to search for text. It also has the ability to monitor and track the user’s activity, which can be beneficial from a project management standpoint.

This software is commonly used for due diligence, M&A, restructuring, and other projects. The main features are a fast upload speed and the SmartLock feature that allows you to revoke access to documents even after they’ve been downloaded, integrated redaction, DocuSign integration, and dedicated project managers.

SoftwareReviews proudly announces FirmRoom, the iDeals Virtual Data yourdataroom.com/ Room, and Firmex Virtual Data Room as 2019 Best Data Room Software Award winners based on an independent evaluation of real-world user reviews. Each product is evaluated across all critical categories, and then scored according to feedback from customers.