Year Founded: 2001
HQ Location: Munich, Germany
Free Trial: Negotiable
Drooms is an AI-powered data room solution with over 100,000+ users worldwide. The company was founded in 2001 and is currently based in Frankfurt and Zug. Additionally, it has opened offices in Munich, London, Paris, Amsterdam, Vienna, Madrid, and Milan.
Drooms provides virtual data rooms for M&A due diligence and investment documentation management in the real estate sector. Additional features include document analysis, digitization, and sourcing. However, the software focuses on secure file storage and sharing and is available in English, German, French, Spanish, Italian, and Dutch.
The company offers two pricing plans to accommodate a business’s needs. The “Pro” plan costs $14.45 per user for up to 10 users, 3 GB of storage, and a limited number of features. Upgrading to the “Custom” plan unlocks all of its features, including an unlimited number of users and storage, and customized subscription terms. A Drooms pricing plan also includes a free 30-day trial version with all features available.A Drooms virtual data room is suitable for medium- and large-sized businesses. This is based on the provider’s subscription packages and included features.
Drooms data room is available as a web-based and desktop application for Windows and Mac and a mobile application for iOS. Unfortunately, the software doesn’t support Android devices.
The software comes with a user-friendly interface and a generally intuitive design. In addition, there are some basic customization features like the ability to add a company logo and set the general color scheme.
However, it is more important to note that the solution supports multiple integrations. For example, the Drooms VDR is compatible with customer relationship management (CRM) and market analysis software. Additionally, it’s possible to synchronize the data room with the company’s document repository to avoid having to transfer files manually. Contact a company representative for details and more information on its compatibility.
Drooms uses AI to process deals faster and more efficiently. For example, some of the AI-powered features include automated file translation, document allocation by index points, and file naming. The system learns on the go — it speeds up your processors with every collaboration.
The customer support team at Drooms is available 24/7. There are several methods to get help from a representative: email, contact form, or phone. Remember, customer representatives are available in different languages, so check the support page for the most convenient option.
Additional assistance may be received by visiting the company’s FAQ page, which covers general issues and questions. Furthermore, the company provides several video tutorials to help with setting up and using the virtual data room.
The Drooms VDR website also includes a Whitepapers section that covers the best practices on different topics like asset lifecycle management, ESG integration, confidential data protection during due diligence, and market reports. It is beneficial to get acquainted with these materials because they will help users get a better grasp on navigating and using the virtual data rooms.
Email & Phone
Online Help Center
The cornerstone of Drooms VDR data security is its GDPR compliance. This means that data privacy is a top priority for this service provider. Additionally, the company adheres to the following regulations and certifications:
It’s worth noting that all of its servers are maintained by Drooms GmbH in Frankfurt only, the same goes for technical support services. Data is usually stored and processed within the EU or Switzerland, although information may be transferred to third countries with subscriber consent. The provider conducts regular vulnerability scans and security tests to ensure that stored data is secure at all times.
Some manual security measures may be applied within the data room if required. Some of these features include:
On the document level, you can disable the print-screen key and block printing for certain files to protect confidential data. Dynamic watermarking and activity monitoring allow admins to track documents, for example, to see if anyone shared files without permission.
As of 2022, there have been no reports of Drooms suffering a hacking attack or data breach. This means that this virtual data room provider is dedicated to keeping its customer files secure.