Datasite Virtual Data Room Overview

datasite dataroom
Founded:1967
Website:datasite.com
Located in:Minneapolis, USA
datasite dataroom

Datasite provides its users with virtual data room solutions. They incorporate over 50 years of experience with M&A deals to create a tool to facilitate mergers and other business dealings. As a result, Datasite has helped companies fundraise, complete due diligence, and is one of the most recognizable virtual data room providers on the market. 

Security is sought after in the data room industry, but what kinds of special security features does Datasite employ in its software?

Software screenshots

Security features

Datasite’s ironclad security is GDPR compliant, and they are also ICO 27001 certified. Two-factor authentication and additional security features inside of the data room make them an almost impenetrable file fortress. Through the ability to obscure sensitive data and give permission to groups or individual users, the files held in the Datasite virtual data room will be safe from leaks and other security breaches. Not to mention that it also has a built-in file management system. 

Finding files in that space is not difficult due to Optical Character Recognition (OCR), and with the help of the software’s internal AI, you can quickly access required documents. Search results can be generated in 14 languages, and you can translate files inside the data room into 21 languages. Add to that smart categorization tools and document preview, and it makes the Datasite offer even more enticing. 

Datasite data room features

Security

Two-Factor Authentications
ISO/IEC 27001:2013 Certified
SOC 1 Certified
GDPR Compliant Certified
SSAE 16 Certified
Data Backup

User and data management

Optical Character Recognition
Document Version Control
No Plugins
Granular User Permissions
Permission Groups
View-Only Access

Customization

Branded User Interface
Custom Workflows and Features
Custom Login Page

Pricing

Pricing of this particular data room provider is straightforward — only one plan with unlimited storage and an unlimited number of users. However, plans are customized to meet your company’s specific needs, contact them directly for a personalized quote. Datasite is a customer-centric company; they will work with you to find a plan that best suits your needs. Datasite also guarantees liability for any damages up to 420,000 euros. 

Pros and cons

Now, let’s take a look at some pros and cons of the virtual data room. What are users noticing that might help you decide on choosing the right solution for your company?

Pros:

  • One clean interface helps with managing data.
  • Granular access permission — thanks to this option, it is really easy for the clients to control who has access to what.
  • Document uploading is easy thanks to the drag-and-drop function and email uploading capabilities.
  • The support desk is always available to help you with any queries you might have.
  • Text recognition serves as a great helper in file management.

Cons:

  • Datasite has one pricing plan, it is different for each client.
  • There are some hidden fees for uploading various file formats to the virtual data room — video files are charged differently than office files, for instance. 
  • Datasite has a project minimum cost.
  • There is no free trial in most cases.
  • File hibernation incurs a fee.

Datasite is a virtual data room provider with a long history of facilitating complex business transactions. Their data room experience and knowledge are unparalleled and combined with their ironclad information security, it is really difficult to find a better provider. Although they have a minimum project cost and lack a free trial, they are worth checking out. See how their software solution can benefit your business. 

FAQs

What is Datasite?

Datasite is a US-based enterprise virtual data room provider for full M&A lifecycle management, restructuring and bankruptcy, due diligence, and other business processes. Datasite offers data room solutions in 170 countries, helping companies cut deal time by up to 40%.

What is Datasite VDR?

Datasite VDR is a virtual data room (VDR) for private equity firms, investment bankers, M&A professionals, lawyers, and others involved in business deals.

Datasite VDR provides a cloud file repository, document redaction, access controls, Q&A workflows, and other powerful tools to close more business deals faster.

What kind of company is Datasite?

Datasite Global Corporation (founded in 1968) is an international SaaS company with over 5,000 employees and a $200 million estimated annual revenue. Datasite Global Corporation was acquired by CapVest Partners, an international private equity firm in 2020.

Global software rankings

G2: 5/5
Capterra: 4.7/5
Software Advice: 4.6/5
TOP Datasite Alternatives:
iDeals
Intralinks