The Pros and Cons of Virtual Data Rooms: What Every Business Should Know

Imprima, which was founded in 2001 is one of the leading virtual data rooms around the globe. It provides clients with an application that can optimize large-scale transactions and complex due diligence processes. Its services include real estate transactions as well as mergers and acquisitions, IPOs as well as raising capital and much more. Its software allows users to quickly review legal documentation and assists in automatically arranging documents and summarizing leases and contracts.

Designed to be highly secure, imprima provides granular permissions for document access, smart redaction and digital watermarking as well in a variety of languages to assist its users. It also has advanced collaboration tools that aid with due diligence and a built-in FAQ section.

Imprima is ISO 27001 accredited and complies with GDPR’s security requirements in relation to. The data centers are in the EU and supports various encryption protocols to secure sensitive information.

The company offers a flexible pricing structure that is dependent on the size and the scope of a project’s size and scope. The Starter Package starts at EUR250 per month and includes a single VDR with unlimited user access Self-service, as well as 500MB of storage capacity. The package also comes with a no-cost VDR preparation phase, 24/7 customer service and a full product-training. Other options include the Enterprise Package, which includes all Introductory Package features along with multiple VDRs with unlimited storage and dedicated project managers. It also includes automatic contracts review, contract summaries and AI-powered indexing.