About iDeals Virtual Data Room
iDeals Virtual Data Room is a fantastic data room option, with all the functionality you could expect from an industry-leading virtual data room provider. The emphasis is on facilitating due diligence in any industry, including M&A, real estate, biotech, and technologies. iDeals has recently become the leading provider on the famous tech review platforms G2 and Capterra.
iDeals Solutions is a London-based virtual data room software company that offers virtual data room solutions for various sectors, including legal, investment, and life sciences. It specializes in M&A (Mergers and Acquisitions) deals, bankruptcy and restructuring, due diligence, board communications, capital raising, IPO (Initial Public Offering), and real estate management. The company was founded in 2008.
Document security features
Document security is one of the iDeals virtual data room’s strongest points. With biometric entry authentication systems, only authorized personnel can access the servers where the sensitive data is stored. You also get to control what level of permission each individual or company has for every document.
In addition, you can protect your documents with dynamic watermarks. Other notable security features include remote shred, fence view, secure spreadsheet view, and redaction.
The company’s data centers are highly secured with extensive surveillance and security personnel. What’s more, iDeals is compliant with the following security standards:
- ISO/IEC 27001:2013 Certified Data Centers
Not to mention, the company’s virtual data room security integrity is frequently audited by external auditors.
Collaboration and document management features
iDeals’ virtual data room solutions integrate a handful of collaboration and document management features that speed up the flow of your M&A deals and due diligence processes.
Thanks to the drag and drop system, users can easily upload documents to the system and control their permissions with no IT knowledge.
There are no limitations on the number of documents, and you may choose to upload bulk amounts of documents with a single click of a button. You also don’t need to adjust the documents’ formatting since they’re automatically converted to PDF when uploaded. Further, all of the documents are automatically organized for easy access.
The data rooms also integrate live discussion forums and FAQ sections, making it easier for users to collaborate. When a user asks a question, they can specify the domain the question is related to (finance, legal, etc.), ensuring that they get help from a subject-matter expert.
Finding the documents you need is very straightforward, thanks to the VDR’s Optical Character Recognition (OCR) system. To locate a specific document, all you have to do is input its name into the search box.
iDeals provides multiple 24/7 customer support channels for its customers, including fast-response in-app live chat and email support. In addition, the website integrates an online Help Center that encompasses the full support documentation and video tutorials, as well as a FAQs section.
You don’t need to have any prior IT experience to be able to communicate with the company’s customer support team. However, keep in mind that the extent of support and virtual data room training you get varies according to your selected plan.
On top of that, the iDeals virtual data room offers customer support in 12 languages, which include English, German, Spanish, French, Dutch, Italian, Polish, Turkish, Portuguese, Chinese, Japanese and some others.
iDeals virtual data room flaunts an intuitive user interface that doesn’t differ much from the email interface most users are acquainted with. The learning curve is pretty much non-existent, even for users with no IT expertise.
The interface offers email-like options that include carbon and blind copy and forward. Moreover, users are allowed to attach links to files in the data room in the messages portal.
You can customize the virtual data room’s interface by adding your company’s logo, adjusting the header and footer, and defining the terms of access. Plus, you may change the language settings and enable automatic translation for up to 90 languages.
iDeals provides its virtual data room solutions in three plans: Pro, Business, and Enterprise. The virtual data room packages primarily differ in storage capacity and the number of projects and administrators.
- The Pro plan is the basic package that includes one project, 5 administrators, and up to 10GB of storage, making it suitable for small and medium-sized projects. With this plan, you get standard Q&A management, custom NDA and terms of access, dynamic watermarks, and two USB drives with data room archives.
- As for the Business plan, you have all the benefits of the Pro plan, but you also get to work on unlimited projects and assign unlimited administrators to access and edit the virtual data room. The storage capacity is also upgraded to 250GB. In addition, the package includes advanced Q&A, document labels, extended customer support, and other features. This plan works best for medium or large-sized projects.
- The Enterprise plan gives you everything in the business plan, along with a dedicated project team, custom data retention policy, and delayed billing (until the project goes live). The maximum storage capacity is also boosted to 1TB. The Enterprise plan is a great all-around package for massive projects.
The company doesn’t provide pricing details. To get a quote for your selected plan, you need to contact the sales team. It’s also worth noting that all plans come with a 30-day free trial.