Online data rooms are software-based platforms that help companies store and share confidential documents during a business transaction. They offer multiple layers of security protection such as a secure repository that is backed by strict permissions and audit logs. As a result, they aid in preventing data leaks. The most secure virtual data rooms also permit easy collaboration and access to data from any device. They have intuitive user interfaces and mobile apps.
The majority of online data rooms utilize cloud hosting. They offer a variety of features to secure document sharing. This includes granular access rights and visual analytics. They also provide a variety of file formats as well as support for Microsoft Office integration, and unlimited storage space. Some of them are even secured by top-of-the-line security including ISO 27001, SSAE 16 Type II, and HIPAA certifications.
iDeals is among the most popular providers of virtual data rooms. It has a user-friendly interface and supports 25 kinds of files. It comes with a document viewer that does not require any plugins, and lets you browse through documents using your keyboard or mouse. It isn’t a limitation on the number of users or of projects. Furthermore, it comes with an initial trial for free, with no installation fees, and is compatible with different languages.
iDeals is suitable for businesses in the life science industry especially those involved in M&A activity or fundraising. It includes features that aid with due diligence and contract negotiation. Its advanced branding lets you to design your own About page, alter the color of the data room’s logo and its insightful insight dashboards allow for efficient Q&A sessions. Its robust search functionality lets you locate any document within seconds, and it has a convenient drag-and-drop uploading capability.