Drooms Product Overview
Drooms is a German virtual data room company with headquarters in Frankfurt, established in 2001. Drooms helps over 30,000 companies boost confidential business processes and improve workflows.
Drooms VDR makes it easier to conduct due diligence, close M&A deals, and go through a full asset life cycle.
It’s best for corporate finance, healthcare and life sciences, education, energy, private equity, and other industries.
Drooms software solutions and features
Drooms offers a stack of integrated solutions that speed up due diligence processes, portfolio management, real estate transaction, and other M&A deals:
- Drooms Transaction
- Artificial Intelligence
- Drooms Portfolio
Despite different names, these solutions come in one secure platform and offer the following functionalities.
Fast document upload
Drooms allows you to upload many documents in one go. The VDR supports PDF, Excel, JPEG, PowerPoint, and DOCX file formats so that you save time while preparing documents required for upload. You can drag and drop unlimited files up to 500 MB each.
You can get other files to the data room, but the system won’t open them. Thus, other file formats will be available for exchange and download only.
Full proof index and AI-powered naming
You can reduce repetitive manual processes and create an ideal folder structure for your data room with Drooms AI-powered indexing tool. It automatically allocates uploaded files to required index points. You can also save time renaming files with AI-powered suggestions.
Drooms enables safe data processing practices and granular control over your data room content and diligence tasks:
- Print, save, delete, redact, and edit permissions
- Group user rights
- Dynamic watermarks
- Multi-factor authentication
- Real-time activity reports
Set up Q&A sections with several approval levels to boost workflow and diligence processes. Users can attach and link files to their questions through a messenger-like dashboard.
Great user experience
Drooms virtual data room has a clean design enabling better collaboration and due diligence across your teams. It has a one-page dashboard that promotes natural reading patterns and improves navigation within a single source of documents.
Machine learning technology within the translation tool
If you speak little German and you need to grasp the matter of a German document, you can save time on costly translation services and benefit from the inbuilt translation tool. Drooms data room translates documents into six languages – English, German, Italian, Spanish, French, and Dutch.
OCR search to facilitate smart workflows
You can find necessary files and folders in a few clicks, thanks to Drooms’s optical character recognition search tool. All you need to do is type a keyword in the search field and enjoy simplified working.
Drooms offers support 24/7 to help you with due diligence. If you’re about to open a deal, Drooms Service dedicated managers will help you get all confidential documents in place.
Drooms provides flexible APIs to help you improve workflows and due diligence without putting all your eggs in one basket. You can connect the data room to your CRM, analytics tools, or a dedicated file repository.
Drooms GDPR compliance and security measures
Drooms offers maximum security to its privately-owned servers and digital environment:
- Industry-leading physical and environmental protection
- TLS 1.2 and AES 256-bit data encryption
- Regular external security audits
- Vulnerability management – regular malware scans and safety tests
- Selective IP access – you can enable access from specific networks
Most importantly, Drooms complies with globally-recognized security standards:
- ISO 27001:2013
- ISO 27018
The company charges a monthly fee calculated depending on your needs and goals. Here are the pricing plans.
The Pro tier starts at $14.45 per month per user and offers 3 GB + storage, 10 + users, and a customizable repository for your documentation. You can purchase additional users, storage, and advanced features for an extra price.
The Custom tier provides all Drooms options, including:
- Extended permissions
- Data room branding
- 24/7/365 helpline
- Q&A module
- Unlimited users
- Initial training and user manuals
- Drag-and-drop uploading
- Dedicated server in Germany
Drooms explains its subscription options in detailed documents available upon request.
Domestic USB documentation archives are free, while international delivery comes at an extra cost.
Drooms free trial
The company offers a 30-day trial. During the trial period, five users can access the space and use up to 1 GB of storage. You can use all Custom tier features (except the helpline) for the free period.
Drooms support and deployment
Short-term projects (under 12 months) require a one-month preparation period, while longer projects need two months. As for client support, the Pro tier only has access to 24/7 online support chat, while the Custom tier can access the 24/7 helpline.
What industries and use cases does Drooms cater to?
Drooms primarily caters to real estate, legal, corporate finance, energy, and life sciences. Use cases are as follows: asset lifecycle management, document storage and analysis, digitization and sourcing, due diligence, and fundraising.
How much does Drooms cost?
Drooms cost depends on which plan you choose, Flex, Transaction, or Lifecycle. Flex costs €12.9 per user/month. You need to contact the provider to learn the price of Transaction and Lifecycle offers.
How does Drooms handle data privacy?
Drooms handles data privacy through multiple security mechanisms and measures, including AES 256-bit encryption, IP access restrictions, two-factor authentication, and detailed real-time analytics. Furthermore, the provider is ISO 27001:2013 and 27018 certified and GDPR-compliant.
What are the key features of Drooms?
The key features of Drooms are GDPR data protection, diversified permissions, data storage management, due diligence management, document tagging, and auditing. Also, Drooms conducts internal safety checks and vulnerability scans to ensure data is safe in an emergency.