A dataroom can be described as a virtual repository which allows multiple parties to transfer and access files. These tools are utilized by lawyers, bankers and investors document management software review to assist with due diligence during M&A, loan syndications, licensing private equity, as well as venture capital transactions. There are many options for dataroom software. Certain dataroom programs are more popular than others. SmartRoom is one example. It is used primarily by investment banks, M&A, and structured finance. It has the ability to upload up to 5MB per second, as well as a granular control system with SmartLock Redaction and DocuSign integration, as well as dedicated project managers. It has an 4.8 rating on Capterra. Another alternative is Content Snare which is focused on information requests and not document management.