Datasite Diligence Virtual Data Room Reviews

Summary: overall, very happy with Datasite VDRS - easily my favorite VDR provider. Eager to see what AI tools can be developed and incorporated directly into the product

Positive: Super fast and easy to use; love that it opens files in separate browser windows; downloads are easy and I like the option for different file name formats

Negative: Times out too quickly; needs better integration with XLS documents

Summary: I have been using Datasite since I started in my role in M&A back in 2021 and it has been by far my favorite platform to use for hosting data rooms. Datasite is very user-friendly and offers a number of features, backed by a strong customer service / support team that make the user experience exceptional.

Positive: Sleek, easy-to-navigate platform with useful features like "view-as", document redaction, Q&A, document translation, complementary prepare sites and more.

Negative: Many times, other providers can prove to be more competitive on pricing; this makes those options more attractive for our clients, despite the otherwise great experience provided by Datasite.

Summary: Overall, my experience with Datasite has been extremely positive. The platform's ease of use and well built framework provides so much relief for heavy data room users. I never have to worry because I know that buyers are always on board when Datasite is being introduced as the VDR!

Positive: Datasite has made the VDR process a lot more intuitive and efficient. Its so easy to have one platform that everyone feels comfortable using (buyers, sellers and clients).

The essential capabilities are so awesome including analytics, search functionality, tracking and redaction.

Negative: Performing bulk downloads can be lengthy and difficult

Summary: Great experience and easy user interface. Notification emails are prompt and can be tailored to user needs.

Positive: - SSO login with no need to type username / password
- Easy to navigate
- Good customer support
- Quick downloads

Negative: Only cons are when administrator enables security features making files / folders difficult to download (e.g., in bulk) or viewable only on-screen.

Summary: Excellent product that I would recommend to future clients for all of the mergers and acquisition related needs.

Positive: Great layout and searchability within the documents. Datasite also has great speed of use which is critical when dealing with large volumes of documents.

Negative: Pricing is high compared to other products which can make this prohibitive for smaller deals.

Summary: No other peer comes close to having the feature set Datasite does, they may be slightly higher priced than others but the product is premium and therefore deserves premium pricing - it's worth it for all parties involved in an M&A transaction!

Positive: This platform has great functionality, ease of use, customer support, and is ahead of its peers in every regard.

Negative: Some of the login / logout flows don't work properly where you get redirected to the front page after looking at a specific document.

Summary: Great platform which I would recommend to anyone. I have used Datasite on multiple projects and it has always simplified the processes I have been working on.

Positive: - Easy to use interface - modern UI, very instinctive
- Large choice of functionality and features
- Unmatched support team
- Great Q&A tool

Negative: - New uploads can take a lot of time to come live
- Pricing is higher given vs. other platforms but that's the price of quality

Summary: Overall, my experience with Datasite is positive. The platform is user-friendly and easy to use, would recommend.

Positive: The interface is straightforward, which helps me quickly find, upload, and organize files during due diligence.

Negative: I’ve noticed that larger document uploads can be slower, which is a hassle when I'm working under pressure.

Summary: Very pleasant overall experience. It never gives me any problems and have never had to contact their support team

Positive: I've mostly been a downloader, not an uploader of Datasite, but for those features its always been very intuitive.

Negative: It'd be nice to be able to download files fast if possible

Summary: My overall experience with Datasite is very positive. I like how this platform is efficient and easy to use. I specifically like the redaction features which makes my job a lot more easy and saves me a lot of time. Would definitely recommend.

Positive: The platform is easy to use and navigate. The features available on Datasite are very useful, especially when it comes to automatic redactions and replacing documents.

Negative: Redacting excel documents is not as easy and requires a lengthier process, however, I have not seen other platforms overcome this issue yet.

Summary: Overall, Datasite Diligence delivers a robust, secure, and user-friendly experience that meets the needs of professionals engaged in financial transactions. Its strong document management capabilities, advanced collaboration tools, and comprehensive security measures make it a reliable choice for due diligence processes. While there are some areas for improvement, such as integration options and performance during peak times, the overall experience is highly positive.

Positive: - Security and Compliance: Datasite Diligence provides robust security features, including data encryption, multi-factor authentication, and detailed audit trails.
- User-Friendly Interface
- Advanced Collaboration Tools: It offers a range of collaboration tools, such as Q&A management (very useful), real-time notifications, and document versioning.

Negative: - Learning Curve for Advanced Features while the basic functionality is easy to use, some advanced features and customization options may have a learning curve. Users may require training or support to fully leverage all the platform’s capabilities.

Summary: I'm a user of Datasite Diligence and I like the ease of use of the VDR and the possibility to preview documents before downloads, even large excel files. In addition, downloads are fast and VDR index is fully compatible with Windows address path names.

Positive: - user-friendly
- easy to navigate
- quick downloads
- full compatibility with Windows address paths
- Q&A section easy to use and intuitive

Negative: - no notification in case documents are re-uploaded with the same reference

Summary: Datasite proves to be an excellent choice for those involved in M&A processes. The platform not only offers robust security and advanced collaboration tools but also stands out for its customer support and ease of use. Despite the high cost and a slight learning curve, the benefits far outweigh the disadvantages. Datasite enables efficient and secure transaction management, making it an indispensable tool for companies and advisors operating in the mergers and acquisitions field.

Positive: - Intuitive and User-Friendly Interface: Datasite offers a clean and intuitive interface, making navigation easy even for less experienced users. The functions are well-organized, allowing for quick and simple access to all necessary documents.
- High-Level Security: Security is a top priority for Datasite, with advanced features such as data encryption, two-factor authentication, and granular access controls. These features ensure that sensitive information is always protected.
- Excellent Customer Support: The Datasite support team is available 24/7, providing prompt and knowledgeable assistance. The staff is well-trained and ready to resolve any issues that may arise during the M&A process.
- Advanced Collaboration Tools: The platform facilitates team collaboration with features like comments, annotations, and real-time alerts. This significantly improves efficiency and communication during the critical phases of due diligence.
- Detailed Reporting and Analytics: Datasite offers advanced reporting tools that allow users to monitor activity, view document access statistics, and generate customized reports. These insights are extremely useful for understanding investor interest and focus areas.

Negative: - Cost: Datasite is one of the more premium solutions on the market, and the cost can be high for small businesses or startups. However, the added value justifies the investment for large-scale transactions.
- Learning Curve: Despite the user-friendly interface, some advanced features may take a bit of time to master fully. Initial training is recommended to make the most of all the platform’s capabilities.

Summary: As a user, it's the best VDR I've ever used. In particular, I really appreciate the possibility to have previews of documents directly online and that downloads are very fast. In addition, compared to the main competitors, there are no compatibility issues on document names with Windows, once documents are downloaded.

Positive: - well organised VDR
- presence of the upload date of documents
- presence of a "new documents" section, where recently updated documents can be easily found and filtered
- easy and user friendly Q&A section
- fast downloads, with VDR index completely compatible with Windows operating system.

Negative: - absence of clear notifications for users in case a document is re-uploaded by the counterparty with the same reference

Summary: Outstanding. I hate the feeling of having a problem with a VDR late at night or on the weekend and being stuck on hold with phone support for 30 minutes. Datasite takes care of me right away. But the even better news is that I don't need to call in the first place most of the time as the UI is so intuitive.

Positive: Datasite is more efficient than competitors because it is intuitive--there is no difficulty navigating the site, figuring out bulk downloads, etc. And support is always uber responsive when I need it.

Negative: Nothing--Datasite gives me everything I need and nothing I don't want