Online data rooms are software platforms that assist businesses store and distribute confidential documents during a transaction. They provide various layers of security including a secure repository as well as strict permissions and audit logs. They can prevent leaks of data due to. The most secure virtual data rooms also facilitate easy collaboration and access to data from any device. They have intuitive user interfaces and mobile apps.
Most online data rooms use cloud hosting. They offer a variety of features to protect document sharing. These include granular permissions and visual analytics. They also offer a range of formats for files, support for Microsoft Office integration, and unlimited storage space. Some are protected by top security standards such as 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 file types. It has a built-in document viewer that doesn’t require plugins, and allows you to scroll through documents with the mouse or keyboard. The platform is also free of limits on the number of projects it can host or the number of users. Furthermore, it comes with the option of a free trial, with 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 comes with features that help facilitate due diligence and contract negotiations. Its advanced branding lets you to design a custom About page, and change the color of your data room as well as its logo. Its insightful insight dashboards allow for 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.