Sterling
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About Sterling Virtual Data Rooms
Sterling is a data room technology that provides secure and feature-rich support for complex transactions. In addition to the software, Sterling takes on a hands-on role throughout the deal process and delivers a fully customized service to meet each client’s needs.
Data hosting is available in the UK, EU, and US, with full compliance with local data privacy regulations and the highest levels of security, no matter where the data is stored. Also, clients can benefit from a dedicated team of Sterling experts 24/7, 365. These specialists are an extension of the client’s internal team, offering clear communication and quick responses. With deep experience across sectors, Sterling Technology ensures reliable support throughout the transaction lifecycle and makes high-stakes dealmaking simplified.The main industries using Sterling virtual data room to increase productivity and accelerate deals include the following:
- Corporate
- Investment banking
- Legal
- Private equity
- Energy and infrastructure
- Pharmaceutical
- Real estate
The main Sterling VDR use cases include the following:
- Auditor review
- Compliance
- Fundraising
- M&A
- Non-performing loans
- Restructuring
- IPOs
- Board reporting
With Sterling virtual data rooms, all deal participants can accelerate deal timelines while making faster, smarter decisions through a secure, all-in-one platform with real-time insights. This is how the technology empowers organisations like yours.
Alternatives to consider
Sterling data room features
The key Sterling functionality includes the following tools:
- Quick set-up. Get your data room up and running fast. Sterling’s team helps configure everything based on your needs and gives you the control to go live when you are ready.
- Automated redaction. Instantly redact sensitive information within the data room; there is no need to download or re-upload files as redaction needs to change.
- Drag and drop uploads. Upload entire folder structures from your local drive using an intuitive drag-and-drop tool.
- Advanced reporting. Track every user action with precise digital footprints. Save custom reports and view detailed insights on who accessed what and for how long.
- Smart document filtering. Quickly filter by viewed and unviewed documents, upload date, or last login to streamline due diligence and document tracking.
- Full-text search. Search across all content, including scanned documents, with advanced search options.
- Enterprise-grade security. Sterling Technology is GDPR compliant, ISO27001, and Cyber Essentials certified to keep your data safe and compliant.
- Efficient Q&A module. Speed up communication with Excel-compatible bulk uploads of questions and answers and simplify handling high volumes of queries.
- Permission management. Easily set up and control complex access permission levels. Decide who can access or upload documents to specific folders, ensuring secure and controlled data sharing.
- Data room email inbox. Keep all communication in one place. Each data room includes a dedicated email inbox, so all correspondence between you and sellers stays organized and recorded.
- Mobile app access. Stay connected on the go. Monitor progress and manage activities in real-time from anywhere with Sterling’s mobile app.
Although other premium virtual data room providers like Ideals may offer more tools for data protection and deal management, Sterling Technology has enough helpful features for secure and streamlined transactions.
Sterling pricing plans
The provider doesn’t disclose pricing information on their website. However, users can request details by contacting the Sterling team through the official website.
Since there are no user reviews on trusted review platforms like Capterra and G2, we can’t provide any insights into the pricing of this service.
Sterling data room pros and cons
Due to the lack of Sterling reviews, we analyzed trusted software review websites, and below are the advantages and disadvantages they highlight:
Pros
- Ease of use
- Data centers across the UK, US, and Europe.
- Bulk redaction
- No plugins required
Cons
- Limited audit trail functionality
- Slow bulk file uploads
- Expensive branding
- Few user reviews
Sterling data room case studies
Explore how Sterling Technology helps deal participants overcome challenges in complex deals and achieve results:
AstraZeneca
AstraZeneca needed a secure, scalable, and user-friendly data room solution to support its high-volume, complex business development activity across global licensing, collaboration, and divestment deals. The challenge included managing vast amounts of sensitive data, strict regulatory environments, multilingual communication, and ensuring smooth Q&A between internal teams and potential partners. All without plug-ins or download issues.
After a rigorous selection process, AstraZeneca signed an exclusive agreement with Sterling virtual data rooms. Over the following 12 months:
- 120,000 MB of data was securely shared
- 30+ data rooms were opened
- Multilingual 24/7 support enabled seamless international collaboration
Sterling’s platform provided streamlined Q&A, advanced reporting, and cost-effective, centralized data room management, helping AstraZeneca reduce complexity and support its strategic objectives more efficiently.
Nestlé
For over 30 years, Nestlé had been audited by the same accountancy firm. When new EU legislation was introduced to tighten audit firm rotation rules, Nestlé, despite being registered in Switzerland and only minimally affected, chose to lead the market by proactively launching a critical group audit tender project.
To support the process, Nestlé used Sterling VDR to securely share sensitive audit information with the Big Four accountancy firms: Deloitte, EY, KPMG, and PwC.
As the world’s largest food company, coordinating across 130 contributors from global departments and multiple business lines was a major undertaking. Sterling enabled Nestlé to create a logical, consistent data index. The result: just nine questions from 350 auditors, reflecting the platform’s effectiveness.
Sterling’s tailored solution and expert support were instrumental in delivering a seamless audit process.
Sterling customer support
Sterling offers round-the-clock support through a dedicated project management team. This team can ensure efficiency throughout your project, allowing you to focus on the deal itself. With an average tenure of over six years, their extensive experience enables them to expedite tasks and optimize the use of all available features for a streamlined process.
