Datasite Diligence Virtual Data Room vs. FirmRoom

Datasite is well suited for organizing large quantities of a variety of documents into folders. It is not as well suited for Xcel, which generally requires downloading in order to review, but there are quick preview options for Word and PDF items.

Incentivized

This is a great data room for a simple transaction. It does not offer all of the bells and whistles like some data rooms--but the price point is a fraction of what those data rooms cost. And I think this is a great solution for an M&A project. I'm not sure it would be as good for tracking what users viewed a document or how long--although in all honesty, I didn't see such features. These days, most clients want to try and use Dropbox or Google Docs and I feel that firm room is a far superior solution to those often-used choices and the price point is not very painful and does not decrease the attractiveness of the offering.

• Quick preview of document content is something I love! It lets me decide whether the file is relevant to our purposes or not instantly.
• Navigating through the folders is also very easy, and the website is also responsive without any lag/stutter.
• Although I don't use the feature due to confidentiality reasons, quick translate option is a really great addition to the tool.
• Many datarooms can only show excel documents as PDFs for a quick preview. I like the way Datasite Diligence Virtual Data Room has Excel online handler to view the file. This is so helpful!

Incentivized

• Simple and intuitive user interface.
• Extremely easy to upload and manage documents.
• Easy to view and download documents.

• Ability to follow-up to closed Q&A answers without creating new question (i.e. seller marked Q&A as closed when it doesn't address your request)
• Links to Q&A response notification emails do not work from the PC, they only work from the mobile app
• Ability to download PDF files from mobile app

Incentivized

• There is some latency in loading larger documents. So sometimes it wasn't quite as quick as I would have liked.

It is my go to data room provider and I am super comfortable using it. I don't think I would want to use anything else since I can't trust them like I can trust Datasite

Incentivized

Tough to figure out at first but after using the platform for some time, you can get used to Datasite Diligence Virtual Data Room pretty quickly. Would be great to have more of a tutorial up front to better be able to navigate the software, especially starting off as the data dealt with is sensitive.

Great customer service and prompt responses to requests.

Incentivized

Files download and upload very quickly.

Incentivized

Customer service has always solved my issues in a relatively short period of time.

Incentivized

Excellent product and resource.

Incentivized

I think Intralinks is the closest competitor. Relative to the rest of the providers (outside of Intralinks), Datasite Diligence Virtual Data Room is easier to use and more reliable.

Incentivized

In expensive cost and simple design. There was basically no onboarding needed and you can sign up for yourself online. Security standards are similar to other M&A data rooms, but pricing is much less expensive. Never have to worry about permissions when adding new users to the virtual data room.

There is a bulk download, and it appears there is a bulk upload which makes it easier to get multiple files onto the platform when needed.

Incentivized

• Allows my organization to quickly identify new data that has been uploaded in order to quickly communicate status to clients.
• No limits on number of files or file sizes which make it a great tool for any deal, large or small.

Incentivized

• Much less expensive than per page data rooms
• Can view documents quicker with the in-platform viewer
• Almost no training required which saves me time when inviting new users