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Rating: 5.0
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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 of this provider include the following:

  • 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

Virtual data room reviews generally speak well of this company emphasizing its strong sides, high-quality services, and perfect functionality. iDeals virtual data room is also a good value for money – the software is less expensive than VDRs of other providers. Besides, users can get a 30-day trial for both Basic and Pro Plans, which is amazing news for those choosing among a number of secure VDRs and hesitation which one to opt for.

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.

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iDeals Virtual Data Rooms features

Features iDeals Virtual Data Rooms

Industry Solutions

Bankruptcy
Biotech Licensing
Board Portals
Clinical Studies
Debt Financing
Distressed Real Estate
Document Repository
Due Diligence
Fundraising
Hedge Funds
IPO & Exits
Litigation
M&A Buy Side
M&A Sell Side
Post Merger
Private Equity
Procurement Management
Restructuring

Files & Folders Management

File Formats Supported: All 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 & Folders
Drag & Drop Upload of Multiple Files and Folders
Desktop Synchronization
Archives Upload & Extraction
Export of Data Room Index to Excel
Document Version Control
Multilingual Documents Index

File Protection & Digital Rights Management

Granular Document Permissions
View-Only Access
Prevention of Download, Print and Copy
Remote Shredding of Documents
Customizable Document Watermarks
Secure Fence View
Document Access Expiry
256-Bit SSL/TLS Encryption
Data at Rest Encryption

Data Hosting

99.9% Uptime Guarantee
ISO 27001 Certified
SOC 2 Certified
SSAE 16 Certified
Data Backup
Virus Scanning

Access Security

Two-Factor Authentications
Mobile Device Management
Granular User Permissions
Permission Groups
Access Expiration
Access Limitation by IP Address

Accessibility & Ease Of Use

No Plugins
Scroll-Through Web-Based Document Viewer
Web-Based Excel Spreadsheets Viewer
iOS Application
Android Application
Mobile Device Interface
User Interface Languages: English, Spanish, German, French, Russian, Turkish, Portugese, Chinese and Japanese

Search, OCR & Filters

Search by Name
Search by Content (Full Text Search)
OCR (Optical Character Recognition)
Filtering by Parameters

Collaboration Features

Basic Questions & Answers Module
Advanced Questions & Answers Module
Secure User Messaging
New Document Email Notifications
Files & Folders Notes

Activity Tracking & Reporting

Tracking of All User Activity
Real-Time Audit Trail
Graphic Reports
Exporting Reports to Excel
Tracking of Document Viewing Time
Scheduled Reports (Sending to Email)

Customization

Branded User Interface
Custom Domain
Custom Login Page
Custom User Invitation Letter
Custom Agreements for Accessing Data Room
Active Directory Integration
Single Sign-On Integration
Customer-Managed Encryption Keys
Integrations Through APIs
Custom Workflows and Features

Support & Services

Business Hours Support
24/7 Email Support
24/7 Phone & Email Support
Online Help Center
Live Trainings
Dedicated Project Manager
Data Room Archive on DVD or USB Drive
Translation Services
Support Languages: English, Spanish, German, French, Russian, Turkish, Portugese, Chinese and Japanese

Deployment Options

Cloud (Web-Based)
On-Premise (Installed)
Multiple Datacenter Locations

Trial & Pricing

Free Demo
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