Suitable data room for individual consumers
Box data rooms don’t focus on VDR services, but it’s included in this list for the development of its Business on Box platform. When users use this product, they immediately notice the resemblance inherent to Box virtual data room and diverse file-sharing services available free of charge (e.g., DropBox).
While exploiting the similar user-friendly interface inherent to freemium services, Box proves to be more advanced in terms of information protection. Moreover, the platform offers a wider range of instruments and provides clients with multiple features that make internal communication and collaboration with external partners smoother and more convenient. The set of options immanent to Box is rather standard: experienced users would not detect anything innovative or surprising among the functions. For example, the data room platform provides common VDR options such as segregated permission groups and automatic expiry of access to certain files.
However, Box storage seems to be more suitable for individual consumers that are not involved in large-scale and complex transactions and projects. The Box data room lacks certain options which facilitate M&A transactions and ensure multi-sided data protection. Thus, for corporate clients and organizations dealing with highly confidential data storage and exchange, Box may not be their best option.
You can get more information about this data room provider at box.com.