What is Datasite Diligence Virtual Data Room?
It's essential to have more than just a basic platform for document exchange; you require advanced features like AI-driven redaction capabilities. An integrated Q&A tool with sophisticated workflow options is also necessary, as is a reliable source of truth to support your processes. That's where Datasite Diligence comes into play.
Datasite offers the most reliable virtual data room (VDR) for mergers and acquisitions, with over 14,000 projects initiated each year on its platform. Built with top-tier functionality and innovative productivity tools, Datasite Diligence ensures that the due diligence process is seamless and efficient, allowing you to focus on what truly matters. In today's fast-paced business environment, having the right tools is crucial for success.
Pricing
Company Facts
Product Details
Product Details
Datasite Diligence Virtual Data Room Categories and Features
Virtual Data Room Software
File Sharing Software
Data Governance Software
Datasite Diligence Virtual Data Room Customer Reviews
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Datasite Review
Date: Jun 08 2023SummaryNo other changes other than the comments made above. Continued development and timing of the platform will enable broader adoption and increased efficiencies across banks.
PositiveEase of back and forth with potential clients/investors. Diligence is a key pain point in the M&A process and features like this allow time to be saved.
NegativeAdaptability, and ability to convince other members of a deal team to use it especially when deal timelines are tight. This may not be the fault of the program and could be just a timing factor the longer the feature is available.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Very good VDR platform
Date: Jun 07 2023SummaryOverall I would highly recommend this platform for due diligence in M&A processes. It also has a very reliable support.
Positive- Ease of uploading and moving files around
- Very reliable Q&A functionality with permissions allowingNegative- The most expensive platform currently on the market
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Great Data Room Service
Date: Jun 06 2023SummaryMy overall experience with Datasite has been positive. We recommend the use of Datasite for all advisory clients.
PositiveDatasite has the most intuitive platform and the best customer service (available 24/7) compared to any other virtual data room provider which I have used.
NegativeThe service is expensive, and leaves little room for flexibility if projects go over the expected timeframe.
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Premier VDR
Date: Jun 06 2023SummaryBest VDR platform available. Have used multiple on the buyside (hosted by sell side) and our preference is always Datasite.
PositiveEase of use for members across the organization. Datasite also provides multiple training options for new users.
NegativeBilling processes can be convoluted with multiple projects.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Great Product
Date: Jun 08 2023SummaryOverall, I have enjoyed using this product and have found it reliable relative to other data rooms. I think the support makes it easy to find help whenever I run into questions.
PositiveDatasite Diligence is easy to use and navigate - it is intuitive to figure out how to use and the support staff is always available to help.
NegativeIt can be a little more expensive than some alternatives but I think the price tends to be worth it.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Great product
Date: Jun 06 2023SummaryBeen using this for more than 8 years and I continue to recommend Datasite to clients. The interface is top notch and the ability to download information is quicker (and easier vs. other sites).
PositiveVery intuitive user interface.
Smart editing to censor confidential information.
Drop and drag makes it easy to use.NegativeQ&A function for a M&A user is not as good as other alternatives
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Pricing is in-line with closer competitors but higher than "less full service" alternatives.Official Datasite Diligence Virtual Data Room Response -
Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Feedback
Date: Jun 09 2023SummaryMy experience is good with the admin system. The team support is very fast to respond to tickets and proposes the best solutions.
PositiveDatasite is a good system to share documents and mapping logins or download. It is very interesting to use for audit and other activity.
NegativeI didn't have a questions. I would review the extra data costs.
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The best all around VDR solution
Date: Jun 06 2023SummaryOverall, I have had a great experience using Datasite over the past four years and do not plan on switching from it going forward.
PositiveVariety of analytical tools and insights offered in simplified dashboards, with the ability to dig deeper into certain areas.
NegativeVery few material negatives, if any. The Q&A feature is not as efficient as party to party email question and answers.
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Clear leading in the VDR space in terms of quality / features, but most expensive
Date: Jun 13 2023SummaryOverall very positive. Datasite is the clear leader in the space when it comes to quality of the VDR, features and customer support.
If they were able to be more competitive on pricing it would be a clear winner every time.Positive1. Most features vs. peers
2. Best customer support vs. peers (24/7 support with people who are willing and able to assist you / carry out VDR tasks on your behalf)Negative1. More expensive than peers. This often makes it harder to pitch to clients, especially those unfamiliar with VDRs.
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