Over 20 years ago, Jan and Alexandre embarked on a journey that would redefine the approach taken by dealmakers to due diligence. They shared the same concern: the inefficient nature of physical documentation during the preparation of the transaction process. Without a centralised platform for communication and information management during this crucial phase, a lot of time, energy and resources were wasted sourcing and organising documents. This is a pain point both of them experienced in their jobs in M&A and transaction management. Addressing the inefficiencies in handling analogue data, they envisioned a smarter way.
After an intensive development phase, Drooms came to life as a groundbreaking due diligence platform – the first solution of its kind in Europe, back when the term “PropTech” wasn’t even widely known. Drooms’ mature data room and its advanced AI features, all developed in-house, challenge the traditional approach to data and document management during both the preparation and transaction phases of a deal. In addition to securely handling confidential business processes via its suite of products, Drooms can also map all stages across the entire lifecycle asset management process on a single platform. At its core it’s all about adding efficiency to the process and eliminating the need for third-party involvement.
Since its founding, the company has grown to nearly 200 employees, expanded to 9 offices around Europe and the software has made great technological leaps, which Drooms’ 30,000+ clients in real capital markets and corporate finance have come to appreciate.
Throughout the consistent growth of the company, the core values have remained constant: Innovation, trust, excellence, and passion. We believe that data handling should be as secure, as efficient, and as fast as possible.
is our number-one priority and it plays a key part in our vision. We want to change the way sensitive information is handled within organisations, facilitating lean and seamless workflows for our customers globally.
Drooms is the leading virtual data room provider in Europe. In addition to securely handling confidential business processes such as commercial real estate sales, mergers & acquisitions and NPL transactions via its suite of products, Drooms can also map all stages across the entire lifecycle asset management process on a single platform. Drooms therefore provides clients with the ability to safely store and process sensitive documents and make transactions faster and more efficient.
As a leading data room provider, all data transfers at Drooms are carried out exclusively via SSL-secured connections and encrypted with AES 256-bit to ensure maximum security.
Drooms is an ISO 27001:2013 certified company committed to continuously improving security and meeting all necessary regulations. Both internal and external security audits are regularly conducted. The contractually agreed data processing takes place exclusively in Germany or Switzerland, and any relocation to another third country requires the customer’s consent. To secure access to data, Drooms offers various functions such as two-factor authentication and precise access controls that allow customers to retain control over their data.
For straightforward, smaller transactions or simple and secure online document management, our self-service product Drooms FLEX is best for you. Here you can set up and manage your data room independently on a monthly basis.
For complex transactions and due diligence processes, we recommend our Drooms TRANSACTION data room. Here, you benefit from the advantages that using a complete software and service solution from a single source brings. A Drooms Customer Success Manager supports you with all aspects of your virtual data room with personal support 24/7. In addition, the services of our Real Estate Services team can also be added. Our expert team supports you during the preparation phase of the transaction and check the content of your data room to ensure that it is complete, consistent and up to date. They also support you with the research and sourcing of all asset and transaction-relevant documents in order to prepare for the due diligence.
If no transaction is currently planned, we recommend our Drooms LIFECYCLE data room – for asset lifecycle management. Even with the lowest package “Essential”, you can structure and keep your acquisition documents up to date free of charge. We keep your documents safe, structured, and available 24/7. You receive unlimited and free preparation time and speed up your transaction by keeping all documents in one place and having them directly available at all times. This lays the foundation for your success in your next deal.
Setting up a virtual data room is always advisable when your company regularly shares confidential information with business partners or customers, or when sensitive data needs to be securely stored and accessible. Especially in the real estate industry, but also in the legal, scientific, financial, and healthcare sectors, implementing a data room can be beneficial.
No. Drooms works on almost all devices and does not require hardware / servers on site. The only requirement is a web browser and an internet connection. In addition, we offer a separate app for iOS devices that can be downloaded from the App Store.
When looking for the right data room provider, you should focus primarily on the issues of security and data protection. Questions such as where the servers are located, whether the provider is ISO certified, and how GDPR issues are handled are particularly important. In addition, it is recommended to gather information about different data room providers on various review platforms, such as Capterra.