Online data rooms are software platforms that assist businesses store and share confidential documents during a business transaction. They provide multiple layers of security protection including a secure repository that is backed by strict permissions and audit logs. This means they assist in preventing leaks of data. The top virtual data rooms facilitate collaboration with ease and allow users to access data on any device. They have intuitive user interfaces and mobile apps.
Most data room providers utilize cloud hosting and offer a variety of features for sharing documents securely that include a user-friendly login page, various permissions and visual analytics. They also provide a variety of file formats and support for Microsoft Office integration, and unlimited storage space. Some of them come with world-class security certifications, including ISO 27001 and SSAE 16 Type II.
One of the most well-known virtual data room providers is iDeals, which has an intuitive user interface and supports up to 25 file types. It comes with a built-in file viewer that does not require plugins, and permits you to scroll through documents using the keyboard or mouse. The platform has no limitations on the number projects or users. Additionally, it has the option of a free trial, with no costs for setting up, and supports multiple languages.
iDeals is an excellent tool for businesses operating in the life sciences sector particularly those involved in M&A or fundraising. It includes features that aid with due diligence and contract negotiation. Its advanced branding feature lets you create an individual About page, and also change the color of the data room and logo, while its informative insight dashboards make it easy to conduct Q&A sessions. Its powerful search feature lets you to locate any file in a matter of seconds. It also comes with a drag-and-drop uploading option.