Datasite

4
4.5/5
4.7/5
4.7/5

About Datasite

Datasite user rating

Ease of use 4.5
Quality of support 4.7
Value for money 3.9
Would buy again 3.0

Datasite, formerly known as Merrill Corporation, is a cutting-edge software provider that centralizes all necessary tools for dealmaking into a single, comprehensive platform. Established in 1999 and operating as a subsidiary of Datasite Global Corporation, it is strategically headquartered in Minneapolis, United States. Datasite streamlines the transaction process, from preparation and due diligence to post-merger integration, employing innovative features such as the Sandbox for secure testing, AI-powered analytics for enhanced decision-making, precise document redaction, structured Q&A workflows, and the unique View As feature to simulate different user access levels. These tools collectively empower dealmakers to expedite and refine the deal completion process.

Datasite’s dedication to integrating advanced technology with user-friendly functionalities makes it an indispensable asset for professionals seeking to navigate the complexities of modern dealmaking efficiently.

Document security features

Datasite Diligence protects the content stored in its data rooms with a vast array of industry-leading security measures and features. Among those are the features listed below.

  • Data security training for all employees. This ensures the people working for Datasite are constantly aware of security requirements, and always comply with them to the full.
  • Annual testing of security response. This reduces the likelihood of security breaches that might happen because of new or overlooked loopholes in Datasite security.
  • Physical security measures. Personnel who are physically present at Datasite facilities can only access them with a key card, and external suppliers entering the premises must be registered in a database and accompanied at all times by a member of the Datasite staff.
  • Customizable watermarking. When using Datasite virtual data room, administrators can include customizable watermarks in shared documents, so that every user will see his own personal information watermarked into the documents they access. This strongly discourages the users from sharing sensitive data without authorization.
  • Granular user permissions. When administrators decide who can view, edit, download and print documents from the virtual data room, they can decide that down to the level of each individual user.
  • AI redaction. This feature makes it easy to erase confidential information even from documents that have thousands of pages. The admin only has to specify which kinds of data they want erased, and the AI tool will automatically look for and find all the places that information appears in the document, then delete it.
  • View as. When an admin is attributing permissions to an individual data room user he can impersonate that user so as to view the data room exactly as the user would. This makes it easy for the admin to know exactly what each user can see and do in the data room.
  • Two-factor authentication and multi-factor authentication. Administrators and users can add an extra level of security to data room access.
  • Periodic, automatic password resets. This measure increases data room access security by eliminating the possibility that an old password be used to hack into a user’s account.
  • Single Sign-On. Instead of having to sign on separately to each software solution in the Datasite suite users only need to sign in once into Datasite, and can access all solutions from there. This reduces the number of vulnerable places a hacker would try to attack — Datasite protects that one entry and all is well.
  • Data encryption in transit and at rest. In the event of a data breach that would allow unauthorized people to get their hands on confidential data, this feature ensures the data remains protected. It doesn’t matter if the data was stolen when stored or during transmission — documents stored in Datasite Diligence are encrypted at all times, so data thieves will not be able to access the information in them.
  • Vulnerability assessment by a third party. Independent professionals periodically test Datasite’s defenses, so that any weak points can be discovered and repaired before hackers have the opportunity to exploit them.

Collaboration and document management features

When they want to upload multiple files onto the data room, admins and users can either email them in or just use the drag and drop functionality to transfer the files from their computer folders directly onto the data room. Apart from this, Datasite Diligence collaboration features are similar to those found in other virtual data rooms.

Alternatives to Consider

4.3/5

Price info: Per month

4.2/5
4.4/5
4.4/5
4.4/5
4.9/5

Price info: Per month

4.7/5
4.8/5
4.8/5
4.8/5
3.8/5

Price info: Per month

-/5
5.0/5
5.0/5
n/a/5

Customer support

This data room provider offers its customers several support options. Phone support landlines are available for the United States, Canada, Latin America, EMEA, and APAC countries. 

Datasite clients can also use the provider’s portal to contact live 24/7/365 chat support, as well as to see demo videos, register for live training classes, and access customer forums. 

Alternatively, clients and prospects can contact Datasite by email. Support for users of the Datasite data room is provided in 20 languages.

Free Trial
No
Deployment
Cloud, SaaS, Web-Based
Support
Email/Help Desk
24/7 (Live Rep)
FAQs/Forum
Knowledge Base
Chat
Training
In Person
Live Online
Webinars
Video
Documentation

Additional features

The Datasite data room includes several AI-based tools which radically reduce the time needed to create a data room index, rename and organize documents, or redact information from them. 

Another feature is the possibility of creating Q&A rooms, where users can ask questions and get answers from expert team members all in one place.

Pricing plans

Like most virtual data room providers, Datasite does not provide any information on Datasite Diligence prices or pricing plans on their website.

Features Checklist

128-Bit SSL Encryption 256-Bit SSL Encryption Data Backup Document Expiry Dynamic Watermarks ISO 27001 Certified SSAE 16 Certified Virus Scanning
Permission Groups Set User Permissions Two-Factor Authentications
Branded Website Bulk Uploads Drag and Drop Files Full Text Search Q&A Section Scroll-Through Viewer
iPad Application Mobile Device Interface Multi-Language Support
Audit Logs Automatic Audit Reports Document Version Control

FAQ

Datasite is a top provider of software solutions empowering a full lifecycle of financial transactions, from M&A and due diligence to restructuring, administration, licensing, capital raising, and more. Datasite's data room is trusted among investment bankers, law firms, corporate developers, and many other dealmakers worldwide.
Datasite is a virtual data room (VDR) that provides secure, organized, and efficient management of confidential information for collaboration between parties. It is used for a variety of purposes, such as mergers and acquisitions (M&A) transactions, due diligence processes, financial reporting, and investor relations.
Datasite is an industry-leading provider of secure data rooms and virtual collaboration solutions. They are dedicated to helping businesses large and small achieve their goals by providing secure, efficient and easy-to-use solutions.
4.7/5
4.8/5
4.8/5
View profile
3.6/5
4.1/5
-/5
View profile
-/5
2.0/5
-/5
View profile
4.2/5
4.4/5
4.4/5
View profile
4.2/5
4.5/5
4.5/5
View profile
4.3/5
4.6/5
4.6/5
View profile
4.0/5
4.2/5
-/5
View profile
4.6/5
4.7/5
4.7/5
View profile
4.5/5
4.7/5
4.7/5
View profile
4.0/5
5.0/5
5.0/5
View profile
4.7/5
4.8/5
4.8/5
View profile
3.6/5
4.1/5
-/5
View profile
-/5
2.0/5
-/5
View profile
4.2/5
4.4/5
4.4/5
View profile
4.2/5
4.5/5
4.5/5
View profile
4.3/5
4.6/5
4.6/5
View profile
4.0/5
4.2/5
-/5
View profile
4.6/5
4.7/5
4.7/5
View profile
4.5/5
4.7/5
4.7/5
View profile
4.0/5
5.0/5
5.0/5
View profile
To make sure you have the best possible experience on our site, we use cookies. By continuing to use this website, you consent to the use of cookies.
Learn more
To top

Selection Help

0% completed TOP provider according to your answers

Selection Help

0% completed TOP provider according to your answers