Digify
4.7/5
4.8/5
4.8/5
About Digify Data Room
Digify data room is an internationally acknowledged cloud-based virtual software solution with secure document tracking, control, and protection. Since 2011, Digify has provided access control and file tracking services to over 350,000 customers in 138 countries.
A seamless user experience and individual controls make Digify best suited for:
- Virtual deals and contracts
- Due diligence for M&As, legal purposes, and real estate transactions
- Venture capital investor relations
- Private equity deals
- Digital rights management
- Internal document distribution
- Analysis of financial processes
- Board meetings
Digify serves a wide range of industries where secure, efficient, and organized document sharing is essential — especially during high-stakes transactions and complex processes.
- Investment banking. During investment banking processes like IPOs, capital raising, and M&As, investment bankers prioritize the secure sharing of sensitive financial data. Digify is suited to meet this demand owing to access management functionalities for large amounts of financial documentation.
- Private equity & venture capital. Private equity and venture capital businesses need to accomplish multiple deals simultaneously. Each deal amounts to substantial data volumes that necessitate meticulous organization. Digify provides a secure environment to systematize extensive data with a seamless deal overview and management.
- Real estate. Commercial real estate deals involve multiple stakeholders who need ready access to financial data, blueprints, and detailed property information during the due diligence process. Digify enables multiple parties involved to view and process large files securely, with revising and revoking specific permissions (revoke access) to enable a smooth due diligence experience.
- Legal proceedings. Litigation and complex B2B transactions like mergers and acquisitions (M&As) necessitate sharing privileged information among authorized parties with 24/7 access to the most current versions and filings. Digify streamlines document sharing for all purposes of legal proceedings without compromising on data protection and access controls.
Alternatives to consider
Features
Trusted by over 600,000 professionals worldwide, individual clients and businesses leverage Digify’s advanced features as an intuitive virtual data room to simplify deal management and close deals successfully.
The secure platform integrates audit trails and activity logs to let authorized users protect, track, share documents, and control confidential information.
Among the best virtual data rooms, Digify VDR is renowned for:
- A highly intuitive user-friendly interface
- File tracking capabilities
- Information control
- Share confidential documents
- User management features.
- Fast customer service assistance.
| Feature | Description |
| Granular access controls | Granular access controls let administrators define role permissions for individual users and user groups. The upper control level safeguards document access to authorized users and ensures flexibility during collaborative processes. |
| Intuitive and user-friendly interface | Digify ensures a simplified document-sharing process through a user-friendly interface, enabling even non-tech-savvy users to navigate and utilize all the platform’s functionalities effectively. |
| World-class security | Certified with ISO27001, Digify protects users with one-click NDAs, encryption, and dynamic watermarking, enabling document access to authorized users. |
| Secure document viewer | Digify creates document previews without downloading. This is to protect the files from unwanted exposure and unauthorized copying or distribution. Authorized users can review the document contents. |
| Comprehensive tracking and analytics | Digify VDR users can monitor the recipients who access their files, including access frequency, duration, and location, to spot who is most interested in the offers and ensure follow-up communications. |
| Advanced branding | Data room functionality allows companies to deliver a professional image with a personal touch, with a branded company logo, colors, and URLs. |
| Dynamic watermarking | Dynamic watermarking enables customized watermarks on all documents to disable unauthorized sharing and safeguard sensitive information, and enhances security, making it easier to identify potential leaks or unauthorized usage. |
| File importing from cloud storage | A seamless importing functionality from diverse storage platforms like Google Drive and Dropbox. |
| Digital rights management (DRM) | Safeguards copyright protection for various file types, specific documents, and sensitive documents. |
| Developer API | HIPAA-compliant apps with built-in file security features enable users to share sensitive information through encrypted links or web apps (third-party applications). |
Pricing plans
Digify pricing entails ‘Professional, ’Team,’ and ‘Enterprise’ packages, all with a 7-day trial period:
| Package | Description |
| Pro | 🔸 Best-suited for individual clients 🔸 1 user 🔸 Limited to three data rooms 🔸 100 GB of storage 🔸 1 internal user 🔸 50 data room guests 🔸 Multiple data room functions 🔸 Starts at $180 a month |
| Team | 🔸 Companies, corporate staff, and partners 🔸 3 users 🔸 10 datarooms 🔸 100 GB of storage 🔸 3 internal users 🔸 200 data room guests 🔸 Multiple data room functions 🔸 Starts at $480 a month |
| Enterprise | 🔸 Companies, corporate staff, and partners 🔸 5 users 🔸 25 datarooms 🔸 100 GB of storage 🔸 5 internal users 🔸 500 data room guests 🔸 Multiple data room functions 🔸 Custom price |
Pros & cons
Here are the major pros and cons based on customer Digify reviews.
Pros:
- Secure and intuitive connection to cloud storage services
- Detailed data room stats
- A vast array of customization and branding features
- Customized adjustments of brand font styles, font sizes, and colors
- Multiple data rooms creation
- Diverse functionality across browsers, operating systems, and platforms
- An easy-to-use interface with agile usability
- Outlook and Gmail extensions
- Cross-app integrations: Salesforce, Slack, and Shopify
- Integration of AES-256 encryption algorithm.
- Expanded customer service support
- User-friendly chat feature
- No additional software is required to install
Cons:
- Unclear transitions across pricing packages
- Cut-and-paste email addresses while sending individual documents
- Time-consuming segmentation of large files
- Outdated interface with blurred buttons
- Overpriced packages compared to other VDR vendors
- Not clear whether the confidential documents have been screenshot
- Occasional file uploading errors
- Lack of video file sharing due to bandwidth expense
- Occasional file-access troubles.
Digify advantages over cloud storage platforms:
| Digify | Dropbox and Google Drive |
| 🔸 Purpose-built platform 🔸 Designed for secure document-sharing 🔸 Enhanced information security 🔸 Advanced document management 🔸 Compliance adherence | Baseline file storage solutions File sharing and collaboration features General security and compliance levels No specialized functionalities for sensitive information. |
| 🔸 Adherence to compliance standards like ISO certifications and HIPAA 🔸 World-class security and data protection 🔸 Best suited for transactions with sensitive data at stake | 🔸 Baseline data storage options 🔸 Low level of compliance with regulatory requirements. |
| 🔸 Enhanced collaboration aimed at secure document sharing 🔸 Expanded communication among stakeholders, Q&A functionality 🔸 Real-time notifications | 🔸 Personal or general file storage 🔸 Lack of advanced features to support the due diligence process |
| Confidentiality and integrity of shared information owing to: 🔸 Enhanced security features 🔸 Secure document sharing 🔸 Advanced encryption 🔸 Multi-factor authentication 🔸 Granular access controls 🔸 Audit trails | Highly confidential transactions are impossible due to: 🔸 Lower level of security measures and compliance standards 🔸 No granular access controls 🔸 No comprehensive audit trails |
| Seamless navigation and efficient document retrieval are possible owing to: 🔸 Top-class document organization 🔸 Agile management functions 🔸 Full text search 🔸 Folder structures 🔸 Version controls 🔸 Indexing features | 🔸 Designed for personal or general file storage 🔸 A lack of advanced features to proceed with due diligence. |
Customer support
Digify’s support team provides 24/7 support to individual professionals and corporate clients to ensure a seamless user virtual data room experience.
Personalized real-time chats allow for immediate customer needs and queries. Professional advice and on-the-go suggestions help users choose the best-suited VDR functionalities and options.
The side advice is useful, in particular, for beginner virtual data room users who need preliminary learning (steep learning curve) or extensive training to adapt to VDR functionalities.
Permanent customer support is vital for complex business transactions like mergers and acquisitions (M&As) and other business deals. Among other requests, the members of executive due diligence teams may inquire about the best security optimization options, individual file-sharing solutions.
Considering the high level of responsibility in the due diligence process, Digify allows for individual customer support to ensure informed decisions and successful deal closures.
Human presence and permanent availability of the customer support team encourage transparency and trust in Digify as a reliable and customer-centered virtual data room.
Digify is a customer-centered virtual data room
