Online data rooms are software-based platforms that help businesses to store and share confidential documents during a transaction. They provide multiple layers of security protection, including a secure repository as well as strict permissions and audit logs. As a result, they can prevent data leaks. The top virtual data room providers also support straightforward collaboration and enable users to access data on any device. They offer intuitive user interfaces mobile apps, mobile applications, and multi-language support.

The majority of data rooms online use cloud hosting. They provide a range of security features for document sharing. They offer granular permissions and visual analytics. They also offer a range of formats for documents, Microsoft Office integration and unlimited storage. Some of them even have top security certifications that include ISO 27001 and SSAE 16 Type II.

One of the most popular virtual data room providers is iDeals which comes with an intuitive user interface that supports up to 25 file types. It comes with a built-in document viewer that doesn’t require plugins and allows users to browse Extra resources through documents using the mouse or keyboard. The platform is also free of limits on the number of projects that can be created or the number of users. It also gives a free trial with no setup fees.

iDeals is a great instrument for companies working in the life sciences sector particularly those involved with M&A 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, change the color of the data room and logo. Its insightful insight dashboards make for effective Q&A sessions. Its search capabilities let you locate any document within seconds, and it also has an easy drag-and-drop uploading feature.