A dataroom can be described as a virtual repository that allows multiple parties to transfer and access files. These tools document management software review are used to support due diligence in M&A as well as loan syndications, licensing, private equity, venture capital and other transactions conducted by lawyers, bankers, and investors. There are a myriad of options for datarooms. Some dataroom software is more popular than others. SmartRoom, for example, is used primarily by investment banks, M&A, and structured finance. It comes with an upload speed of up to 5MB per second, a highly precise control system that includes SmartLock and redaction and DocuSign integration, as well as dedicated project managers. It also has an 4.8-star rating on Capterra. Another option is the Content Snare which is more focused on information requests rather than document management.
