Online data rooms are software platforms that assist companies store and share confidential documents during a transaction. They offer several layers of security like an encrypted repository and strict permissions. They stop leaks of data due to. The best virtual data rooms also permit easy collaboration and access to data from any device. They offer user interfaces that are easy to use mobile apps, as well as multiple language support.
Most data room providers utilize cloud hosting and offer various features for sharing documents securely with a custom user login page, various permissions, and visual analytics. They also offer a range of file formats as well as support for Microsoft Office integration, and unlimited storage space. Some of them have top security certifications like ISO 27001 and SSAE 16 Type II.
iDeals is among the most well-known providers of virtual data rooms. It features a user-friendly interface and supports 25 kinds of files. It also comes with an integrated document viewer that does not require any plugins, and lets you scroll through documents using your keyboard or mouse. The platform has no limitations on the number or users of projects. Furthermore, it comes with a free trial, no installation fees, and is compatible with multiple languages.
iDeals is suitable for businesses in the life science industry especially those involved in M&A activity or fundraising. It has features that aid in due diligence and contract negotiations. Its advanced branding allows you to create a customized About page, change the data room’s color and logo and its insightful insight dashboards facilitate efficient Q&A sessions. Its powerful search feature lets you find any document in seconds, and it has the ability to upload files using drag-and-drop.