Dealroom virtual data room software:
the complete guide

Dealroom is a data room provider that started as a small company in downtown Chicago in 2012. The provider caters to a variety of industries and use cases, including private equity, corporate development, investment banking, real estate, startups, IPOs, and venture capitals. Among its clients are global leaders, including AZEK, Emerson, Jamf, and Cadence Education.

Besides, DealRoom offers several products, among which are solutions for due diligence, M&A management, pipeline management, and post-merger integration. There’s also a virtual data room called FirmRoom. 

Let’s learn about the provider’s services, prices, pros, and cons in more detail.

Pros and cons

Now let’s look at the advantages and disadvantages of the virtual data room.

Pricing

There are three pricing plans for the data room software to cater to different needs and requirements:

Security features

Dealroom’s customers leave positive feedback on its security — “The platform’s robust security measures and permissions settings have instilled confidence in our stakeholders, knowing that their sensitive information is protected.”

The virtual data room provider indeed offers a range of robust security features. Here are the most essential ones. To ensure only authorized users have access to the data room, Dealroom offers:

• Two-factor authentication. It adds one more layer of verification beyond just a username and password.
• Customizable document permissions. The feature provides control over access to specific information within the virtual data room.
• Encrypted and protected data. Data encryption at rest and in transit prevents unauthorized access.
• Strict ID protocol. Single-user ID and password protocols ensure strong data protection.

To protect data stored within the platform, the following tools were developed:

• View-only access. Documents can be viewed but not downloaded, ensuring they’re not saved for later.
• Document view restriction. Portions of documents can be restricted, allowing for safe collaboration.
• Private cloud servers. Data can be stored in private cloud servers, which ensures only appropriate parties have access to it.
• Watermarking. The tool prevents unauthorized sharing and tracks document origin.

DealRoom also has all necessary data center certifications for security and compliance, including:

• SOC 1. It evaluates the effectiveness of internal controls related to financial reporting, ensuring the security and integrity of financial information within the organization.
• SOC 2. It assesses the security, availability, processing integrity, confidentiality, and privacy of data within the organization.
• HIPAA and ITAR compliance. Certifications ensure that data handling and security practices meet the specific requirements for handling sensitive healthcare or defense-related information, respectively.
• ISO 27001. It focuses on information security management systems, assessing the organization’s practices for protecting information assets and managing potential risks.
• GDPR. GDPR compliance ensures that the organization adheres to the data protection and privacy regulations outlined in the European Union’s GDPR framework.