Online data rooms are software-based platforms that assist businesses in the storage and share confidential documents during transactions. They offer numerous layers of security including a secure repository as well as strict permissions and audit logs. In turn, they aid in preventing data leaks. The most secure virtual data rooms also allow for easy collaboration and access to data from any device. They provide user-friendly 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 offer a variety formats for documents, Microsoft Office integration and unlimited storage. Some of them even have top security certifications, including ISO 27001 and SSAE 16 Type II.

iDeals is one of the most well-known companies that offer virtual data rooms. It has a simple user interface and supports 25 types of documents. It includes a built-in document viewer that doesn’t require any plugins, and permits you to special info scroll through documents with the keyboard or mouse. The platform also has no limits on the number of projects it can host or the number of users. Additionally, it has the option of a free trial, with no costs for setting up, and supports various languages.

iDeals is suitable for business in the life science industry especially those involved in M&A activity or fundraising. It provides features that ease due diligence and contract negotiations. Its advanced branding feature lets you create an individual About page and change the color of your data room and logo, while its informative insight dashboards facilitate efficient Q&A sessions. Its powerful search feature lets you to find any document within seconds. It also has the option of uploading via drag-and-drop.