Data rooms are a flexible and secure way to share confidential information. They are extensively used by a variety of industries to conduct due diligence as well as collaborate during mergers and acquisitions (M&A) and to license IP and share audits and reports with clients. This article provides a list of the key characteristics and functions of virtual data rooms and offers tips on how to choose a trustworthy provider.
The primary purpose of VDRs is to provide an open platform that allows users to collaborate on sensitive documents. Documents can be uploaded via desktops or shared directories, FTP or even an enterprise content management systems. Users can also use drag-n’-drop to upload multiple files at a time and the VDR’s indexed search function helps them find the information they need quickly.
iDeals lets users add custom headers to documents that are displayed in a data room that is virtual, allowing uniform branding across the entire project. Additionally, iDeals provides an optional PDF printer that can be used to create custom PDFs of the documents in the virtual data room. Users can select the pattern of watermark and color, and decide whether or whether the document is protected by passwords, or if it has to be printed or downloaded for viewing.
iDeals redaction feature protects sensitive information by the removal of specific text or picture fragments from all types of documents including docx and txt, PPTX jpg and GIF. iDeals supports automatic redaction of Q&A files to ensure that sensitive information doesn’t fall into the wrong hands.