Online data rooms are software-based platforms that assist businesses in the storage and share confidential documents during transactions. They offer several layers of security including a secure repository with strict permissions and audit logs. They stop data leaks as a result. The best virtual data rooms facilitate collaboration with ease and allow users to access the data on any device. They offer user-friendly interfaces and mobile apps.
The majority of online data room providers utilize Extra resources cloud hosting and offer a variety of options for secure document sharing with a custom user login page, granular permissions and visual analytics. They also offer a range of formats for files, Microsoft Office integration and unlimited storage. Some of them are even protected by world-class security standards like ISO 27001, SSAE 16 Type II, and HIPAA certifications.
iDeals is among the most popular providers of virtual data rooms. It offers a user-friendly interface and supports 25 types of documents. It includes a built-in document viewer that doesn’t require any plugins, and allows users to scroll through documents with the keyboard or mouse. It also does not have restrictions on the number of projects that can be created or the number of users. Additionally, it comes with an initial trial for free, with no charges for setup, and it supports multiple languages.
iDeals is suitable for businesses in the life science sector especially those involved in M&A activity or fundraising. It includes features that aid with due diligence and contract negotiation. Its advanced branding feature lets you build an individual About page and change the color of the data room as well as its logo, while its comprehensive insight dashboards facilitate efficient Q&A sessions. Its extensive search function lets you locate any document within minutes, and also includes an easy drag-and drop uploading capability.