Online data rooms are platforms for software that assist businesses in the storage and share confidential documents during transactions. They provide various layers of security including a secure repository that is backed by strict permissions and audit logs. They can prevent leaks of information as a result. The best virtual data rooms also allow easy collaboration and access to data from any device. They offer user-friendly interfaces and mobile apps.
The majority of online data room providers make use of cloud hosting and provide many features for secure document sharing with a custom user login page, various permissions, and visual analytics. They also offer a variety formats for files, Microsoft Office integration and unlimited storage. Some of them are secured by top-of-the-line security, such as ISO 27001, SSAE 16 Type II and HIPAA certifications.
iDeals is one of the most popular providers of virtual data rooms. It has a user-friendly interface and supports 25 types of files. It comes with the ability to view documents that do not require any plugins and lets you scroll through documents using your keyboard or mouse. The platform also has no limits on the number of projects or the number of users. It also offers a free trial, and there are no setup costs.
iDeals is suitable for business in the life sciences industry, particularly those involved in M&A activities or fundraising. It has features that help with due diligence and contract negotiation. Its advanced branding feature lets you build an individual About page and alter the data room color and logo, while its helpful insight dashboards are designed to facilitate efficient Q&A sessions. Its robust search functionality lets you locate any document within seconds, and it also has the ability to upload files using drag-and-drop.