FAQ

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Q: WHAT IS A VIRTUAL DATA ROOM?
A Virtual Data Room is an online platform to store and share highly confidential data with multiple stake holders. The best Virtual Data Room should use high security standards, government compliances and multiple in-built features to be able to provide seamless and secure data storage and data sharing environment.
Q: WHO USES VIRTUAL DATA ROOMS?
Anyone who wishes to share confidential data with security and control can use Virtual Data Room services. The common use cases are data sharing using Virtual Data Room in Mergers and Acquisitions (M&A), Bankruptcy & Restructuring, Life Sciences, Real Estate Management etc. The best Virtual Data Room services ensure high level of security standards and application features for data security and collaboration.
Q: WHO ARE MAJOR DATA ROOM PROVIDERS?
There are several companies who claim to be the best virtual data room providers across the globe. Few key players are Imprima, FirmsData, EthosData, iDealsVDR etc. Most of them have similar kind of virtual data room software. The key differentiators might be security standards, customer services and user experience.
Q: WHICH IS THE BEST VIRTUAL DATA ROOM PROVIDER?
Again, there are several top virtual data room providers available in the market and everyone claims to provide best virtual data room services. It also depends on the need of customers, data size and sensitivity of data. From customer prospective, you can look at the security standards, pricing and user experience while selecting virtual data room software.
Q: WHY SHOULD I CHOOSE FIRMSDATA FOR VIRTUAL DATA ROOM SERVICES?
In recent times, FirmsData has been recognized as one of the top virtual data room providers because of its high level security, awesome user experience, 24*7 customer service and a very competitive pricing.
Q: IS FIRMSDATA A SECURE VIRTUAL DATA ROOM SOFTARE?
Certainly, FirmsData is one of the most secure VDR software in the world. It uses 04 level of security which are Application Level, User Level, Infrastructure Level and Operations Level. Few key security measures are Multi factor authentication, AES 256 Bit encryption, Role based access & permissions, High level TLS protocols, Time & IP address restrictions etc. FirmsData uses Amazon Web Services (AWS) instances which are very secure and follow most of the high standard security practices. It is also compliant with ISO 27001, HIPPA, GDPR and other Government guidelines to become a secure Virtual Data Room platform,
Q: HOW MUCH TIME DOES IT TAKE TO SET UP VIRTUAL DATA ROOM?
It hardly takes few minutes to set up data room. FirmsData has focused a lot on user experience so once your data room is set up, you can start using it in very less time with great efficiency.
Q: HOW MUCH FIRMSDATA VIRTUAL DATA ROOM COST?
FirmsData has kept its pricing very competitive so that many customers can take advantages. Please check our pricing section here. Low pricing and high security also makes FirmsData as a top VDR provider in its space.
Q: DO I NEED A TECHNICAL PERSON TO OPERATE FIRMSDATA VDR?
No, not at all. FirmsData has designed very user friendly VDR software. Anyone can use it very effectively without any technical knowledge. Moreover our support team will continuously work with you for assistance.