iDeals Virtual Data Room: Overview and Benefits


Established in 2008, iDeals is a cloud-based and customer-oriented platform providing convenient, fast and secure VDR services to different kinds of businesses. Among the industry solutions it works with, there are debt financing, litigation, document repository, bankruptcy, fundraising, virtual data room due diligence, M&A buy and sell, clinical studies, restructuring, private equity, hedge funds and a range of others. Read on iDeals virtual data room review to find out more.

This data room service provider is proved to be one of the most user-friendly and straightforward companies catering to the needs of businesses in this market segment. New users can start working with the company right away, and they don’t need any additional training to get the advantage of all of its available functions.

One of the most sought for qualities of iDeals is that it is able to set up a VDR in just 15-minute’s time. This flashing speed makes it stand out from all the other competitors in this sphere, who usually need from several hours to several days to establish a room.

The Main Features

  • Data storage management and data protection;
  • Document tagging;
  • Auditing;
  • Project and procurement management;
  • Collaboration;
  • Due diligence, M&A management;
  • Role-based permissions; Anonymity management.

Among other important features of iDeals virtual data room are text search, two-factor authentication, data hosting, and spreadsheet viewer. The company lets its users make a personalized data room to upload information and documents in the folder structure, invite and set permissions for particular users, collaborate with them using Questions & Answers feature.

It is compatible with mobile devices and works on Android, iOS, and Windows. Extensive support services are offered 24/7 via phone and email. Moreover, the platform has an online help center and provides live training. It supports many languages: English, German, French, Spanish, Portuguese, Japanese, Chinese, Turkish, Italian, Polish, Russian, and Dutch, and it also provides translation services.

Among the company’s clients are Rothschild, Bank of America, Wells Fargo, PWC, Starbucks, Shell, UBC and many other industry giants.

Advantages Of Ideals VDR Use

It is compatible with mobile devices and works on Android, iOS, and Windows. Extensive support services are offered 24/7 via phone and email. Moreover, the platform has an online help center and provides live training. It supports many languages: English, German, French, Spanish, Portuguese, Japanese, Chinese, Turkish, Italian, Polish, Russian, and Dutch, and it also provides translation services.

Among the company’s clients are Rothschild, Bank of America, Wells Fargo, PWC, Starbucks, Shell, UBC and many other industry giants.

Pros:

-No plugins required to work with iDeals VDR;

-It supports more than 25 file formats which grant relief from preparing special documents;

-It supports a number of languages for users from different countries;

-It takes around 15 minutes to establish a secure data room online;

-The services are a bit cheaper than of its competitors;

-You can invite dozens of users at a time;

-Well cared for security and responsive customer support.

Cons:

-One user in his iDeals virtual data room review stated that he had to ask customer support for help because the pre-established data room index was somehow confusing.

-Another user claimed that some people didn’t manage to receive invitations because of mail filtering.

But overall, iDeals is an ideal platform for both an experienced and first-time user that allows uploading huge amounts of data and work effectively making use of all of its features.

Ideals Virtual Data Rooms Features:

Industry Solutions
Bankruptcyyes
Biotech Licensingyes
Board Portalsyes
Clinical Studiesyes
Debt Financingyes
Distressed Real Estateyes
Document Repositoryyes
Due Diligenceyes
Fundraisingyes
Hedge Fundsyes
IPO & Exitsyes
Litigationyes
M&A Buy Sideyes
M&A Sell Sideyes
Post Mergeryes
Private Equityyes
Procurement Managementyes
Restructuringyes
Files & Folders Management
File Formats SupportedAll MS Office document formats, as well as pdf, txt, pub, rtf, htm, html, mht, jpg, jpeg, jpe, gif, bmp, png, tif, tiff, wmf, and flv
Automatic Numerical Indexing of Files & Foldersyes
Drag & Drop Upload of Multiple Files and Foldersyes
Desktop Synchronizationyes
Archives Upload & Extractionyes
Export of Data Room Index to Excelyes
Document Version Controlyes
Multilingual Documents Indexyes
File Protection & Digital Rights Management
Granular Document Permissionsyes
View-Only Accessyes
Prevention of Download, Print and Copyyes
Remote Shredding of Documentsyes
Customizable Document Watermarksyes
Secure Fence Viewyes
Document Access Expiryyes
256-Bit SSL/TLS Encryptionyes
Data at Rest Encryptionyes
Data Hosting & Infrastructure Security
99.9% Uptime Guaranteeyes
ISO 27001 Certifiedyes
SOC 2 Certifiedyes
SSAE 16 Certifiedyes
Data Backupyes
Virus Scanningyes
Access Security
Two-Factor Authenticationsyes
Mobile Device Managementyes
Granular User Permissionsyes
Permission Groupsyes
Access Expirationyes
Access Limitation by IP Addressyes
Accessibility & Ease Of Use
No Pluginsyes
Scroll-Through Web-Based Document Vieweryes
Web-Based Excel Spreadsheets Vieweryes
iOS Applicationyes
Android Applicationyes
Mobile Device Interfaceyes
User Interface LanguagesEnglish, Spanish, German, French, Russian, Turkish, Portugese, Chinese and Japanese
Search, OCR & Filters
Search by Nameyes
Search by Content (Full Text Search)yes
OCR (Optical Character Recognition)yes
Filtering by Parametersyes
Collaboration Features
Basic Questions & Answers Moduleyes
Advanced Questions & Answers Moduleyes
Secure User Messagingyes
New Document Email Notificationsyes
Files & Folders Notesyes
Activity Tracking & Reporting
Tracking of All User Activityyes
Real-Time Audit Trailyes
Graphic Reportsyes
Exporting Reports to Excelyes
Tracking of Document Viewing Timeyes
Scheduled Reports (Sending to Email)yes
Customization
Branded User Interfaceyes
Custom Domainyes
Custom Login Pageyes
Custom User Invitation Letteryes
Custom Agreements for Accessing Data Roomyes
Active Directory Integrationyes
Single Sign-On Integrationyes
Customer-Managed Encryption Keysyes
Integrations Through APIsyes
Custom Workflows and Featuresyes
Support & Services
Business Hours Supportyes
24/7 Email Supportyes
24/7 Phone & Email Supportyes
Online Help Centeryes
Live Trainingsyes
Dedicated Project Manageryes
Data Room Archive on DVD or USB Driveyes
Translation Servicesyes
Support Languages:English, Spanish, German, French, Russian, Turkish, Portugese, Chinese and Japanese
Deployment Options
Cloud (Web-Based)yes
On-Premise (Installed)yes
Multiple Datacenter Locationsyes
Trial & Pricing
Free Demoyes
Free Trial:30-Day Trial
Price:Starts from $99 per Month
Company Info
Established:2008
Locations:United States, Canada, Brasil, Turkey, UAE, Israel, United Kingdom, Germany, Russia, Cyprus, Ukraine, Hong Kong, Japan, India, China, Singapore
Employees:200
Clients:EMAAR, PWC, BARCLAYS CAPITAL, LINKLATERS, BANK OF AMERICA, WELLS FARGO, EY, CITY, SHELL, DELOITTE, ALLEN & OVERY, UBC, KPMG, STARBUCKS, ROTHSCHILD