Box Secure file sharing platform
Suitable data room for individual consumers
Even though VDR services do not constitute the primary focus of Box data room the key reason why it should be included on this list is Business on Box platform developed within the company. When users start dealing with this product, they notice immediately 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 the wider range of instruments and provides clients with multiple features that make internal communication and collaboration with external partners more smooth and convenient. The set of options immanent to Box is rather standard: experienced users would not detect anything innovative or surprising among the functions. In the example, the platform provides such options usual for VDRs as segregated permission groups and automatic expiry of access to certain files.
However, Box secure storage seems to be more suitable for individual consumers that are not involved in large-scale and complex transactions and projects. The room lacks certain options which facilitate M&A transactions and ensure multi-sided data protection. Thus, corporate clients and organizations dealing with highly confidential data storage and exchange may treat Box as not the greatest selection.