iDeals Solutions is one of the oldest data management solution providers that pioneered virtual data room software technology in the early 2000s. The company has established itself as an industry leader, dealing in virtual data rooms, board portals, and other similar solutions.
iDeals virtual data rooms provide cloud-based and on-premise virtual data room services and have earned an irreplaceable spot in the investment banking, legal industry, M&As, life sciences, and other sections of the global corporate world.
Here is a detailed guide on this globally acknowledged virtual data room provider and why it is a professional’s choice. Let’s start with the basics of the data room technology.
What is an electronic data room?
An electronic, digital or virtual data room is an online data repository equipped with document management, online communication, and deal management technology.
Data rooms allow users to create live document links, create files, and upload, share, edit, view, annotate, distribute, and organize a voluminous amount of documents with maximum ease.
Other than its data management features, electronic data room software boasts all the necessary tools for 1:1 chatting and group communication. It usually possesses chat messenger, meeting management tools, Q&A modules, and features like live polls, open chat threads, etc.
Most importantly, the data room has been at the forefront of modern-day dealmaking. It facilitates transactions like M&As, licensing, corporate development, strategic partnerships, consolidations, joint business operations, corporate restructuring, asset and portfolio management, clinical trials, and real estate management. You can read more about data room and its benefits here.
iDeals virtual data rooms: A detailed review
The text to follow will mainly focus on the features and benefits of iDeals data rooms, major data room solutions offered by the company, and its clientele.
iDeals major features and benefits
Virtual data room security
iDeals is known for reliability and industry-leading data room security. The company has certifications for over 100 controls/protocols related to infrastructure, applications, processes, and people. Here are some security features of iDeals virtual data rooms:
- The company’s data center infrastructure is regularly audited and SOC2 compliant.
- The data center operations in iDeals have been audited by EY and are ISO 27001 certified.
- The data room boasts 99.95% uptime 24/7/365 and protects data with 256-bit encryption and 2048-bit keys when shared.
- iDeals comply with the Open Web Application Security Project for development practices.
Advanced access room security features
iDeals brings innovation in platform and document security:
- Fence view and view-only mode prevent scans, screenshots, and camera device attacks.
- Two-step verification ensures authorized entrance into the data room.
- Personally identifiable digital watermarks protect documents from copyright attacks.
- Administration in the VDR can limit user access for a specific time or set restrictions on any IP address.
- Only iDeals allow you to assess how much time has been spent on any specific page in the document.
Ease of use
iDeals make sure that you don’t have to waste your time on software management; rather, use it on your business effectively. The software almost eliminates the need for additional applications.
Here is why iDeals data rooms are so easy to use:
- You can use any device, such as a desktop, mobile, or tablet, and any browser without any plugins.
- The data room setup process hardly takes 15 minutes.
- The drag-and-drop feature allows you to import hundreds of files in your data room in one go.
- iDeals make sure you don’t need to worry about the file format. It supports over 25 file formats which you can readily download, print or review. The software also allows you to convert documents into PDFs for better viewing.
- You can invite hundreds of users by just copying/pasting email addresses in the invites.
- The software allows you to restrict users (separately) from printing, downloading, and editing documents.
- You can employ iDeals data room on Windows, iOS, Android, Mac, and Linux.
- iDeals virtual data rooms are available in 14 different languages.
Customer support service
iDeals customer support service is simply second-to-none. Here is why:
- You get 24/7/365 customer support services even on holidays and weekends.
- The company responds within 30 seconds on in-app live chat.
- Email queries get a response within 15-30 minutes.
- Data room project managers can answer your queries in 11 languages.
- There is hardly a question that iDeals customer support service cannot answer accurately and efficiently.
iDeals customized solutions
Although iDeals data rooms are effective for companies, firms, or organizations of any type and size, it provides dedicated solutions for:
- Mergers and acquisitions (M&As)
- Online due diligence
- Bankruptcy and restructuring
- Real estate management
- Life sciences
- Board communications
- Legal industry/litigation
iDeals clientele
iDeals has a long list of clients from all over the world and has garnered the trust of big names, including but not limited to:
- KPMG
- Deloitte
- Accenture
- EY
- Citi
- BNP Paribas
- AQUILA Capital
- Jefferies
- Landsbankinn
Final words
iDeals Solutions is the pioneer of the virtual data room industry, and that’s for a good reason. The company offers a wide range of services for enhanced data and access security, ease of use, and client support. Here are some of the worth-mentioning features that make iDeals stand out:
| Data room security |
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| Access security |
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| Ease of use |
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| Customer support |
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That explains why iDeals’ clientele includes such world-renowned names like KPMG, EY, Accenture, Deloitte, and many more reputable clients.
