Online data rooms are software platforms which allow businesses to store and share confidential documents during a transaction. They provide numerous layers of protection, such as a secure repository and strict permissions. They aid in preventing leaks of data. The most secure virtual data rooms also permit easy collaboration and access to data from any device. They offer intuitive user interfaces mobile apps, as well as multiple language support.
Most data room providers online utilize cloud hosting and provide many options for secure document sharing such as a user-specific login page, granular 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 even include world-class security certificates like ISO 27001 and SSAE 16 Type II.
iDeals is one of the most well-known companies that offer virtual data rooms. It features a user-friendly interface and supports 25 kinds of files. It comes with a built-in file viewer that doesn’t require plugins, and permits you to navigate through documents using the keyboard or mouse. The platform has no limitations in terms of the number or users of projects. It also offers a free trial and no setup charges.
iDeals is a great tool for businesses in the life sciences industry particularly those involved in M&A or fundraising. It provides features that ease due diligence and contract negotiations. Its advanced branding feature lets you design an individual About page, and also change the color of the data room and logo, while its helpful insight dashboards allow for efficient Q&A sessions. Its robust search functionality lets you locate any document in seconds, and it also has a convenient drag-and-drop uploading capability.