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Datasite Diligence Virtual Data Room Reviews & Product Details

Datasite Diligence Virtual Data Room Overview

What is Datasite Diligence Virtual Data Room?

Datasite Diligence™ serves as the hub for conducting due diligence, offering a range of advanced data room technologies to optimize deal-making. By harnessing the power of machine-learning models trained on an extensive repository of over three million documents, you gain a competitive edge in your transactions. With Datasite Diligence, you can accelerate deal closures and approach negotiations with unwavering assurance, unburdened by the complexities of due diligence. The Datasite platform streamlines the sell-side process, automating various manual tasks involved in deal preparation. - Upload and organize content effortlessly through simple drag-and-drop actions or direct email integration. - Seamlessly manage request lists within the virtual data room (VDR) and grant access to relevant documents for various workstreams. - Set up workflows, roles, and categories swiftly with an integrated Q&A system. Common questions and responses can be easily elevated to the FAQ section for quick reference, and exporting the entire Q&A data to Excel is a breeze. - Enhance your redaction efforts with confidence using the platform's AI capabilities. Easily identify specific words or Personal Identifiable Information (PII) across the data room and efficiently mark or unmark text or areas for redaction, all while categorizing the reasons behind each redaction. - Ensure accurate search results, regardless of the document's language, with the platform's Optical Character Recognition (OCR) engine, supporting 16 languages. - Keep a close eye on engagement and behavior within the data room software, even at the individual page level. With near real-time reporting and the option to create custom dashboards, you stay well-informed and automate reporting schedules for convenience. Whatever your business, industry, purpose, or role, Datasite Diligence™ empowers you with a host of features to conduct due diligence more efficiently and confidently. From automated content management and integrated Q&A to upgraded redaction capabilities, multi-language search, and detailed engagement tracking, the data room platform is designed to facilitate smoother and faster transactions.

Datasite Diligence Virtual Data Room Details
Product Website
Languages Supported
Danish, German, Greek, English, French, Italian, Japanese, Korean, Dutch, Polish, Portuguese, Russian, Spanish, Swedish, Turkish, Chinese (Simplified), Chinese (Traditional)
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Product Description

Datasite Diligence is the premier sell-side virtual data room. Where rigorous security meets seamless collaboration.

How do you position yourself against your competitors?

Proven expertise
We’ve been making deals happen for more than 50 years, for 1.4M+ users, across 180 countries – adding up to more than 100,000 transactions. The result? Our unique insight into M&A challenges and how to solve them.

Wall-to-wall security
Security is why dealmakers use Datasite – safety and compliance combined with maximum convenience. We deliver to the highest industry standards, embedded at every level: platform, processes, and people.

Living technology
The fastest-evolving transactional technology. AI-powered applications built from the real-life insights of dealmakers. Constantly tested and improved through use by professionals at the highest level of M&A.

Proactive support
Speed your deals, cut costs and risks, and seize success with Datasite Assist. Call on 50+ years of dealmaking expertise, available 24/7/365 in 20+ languages.


Seller Details
Seller
Datasite
Company Website
Year Founded
1968
HQ Location
Minneapolis, MN
Twitter
@DatasiteGlobal
5,407 Twitter followers
LinkedIn® Page
www.linkedin.com
1,288 employees on LinkedIn®
Description

Datasite is where deals are made. Driving transactions in 180 countries. Delivering at the highest level, across sell-side, buy-side, and beyond.

We provide a complete platform for M&A and other high-value transactions, including fundraising and restructuring. Projects become seamless in Datasite Cloud, built around the world’s most trusted data room. Our unique combination of technology and always-on assistance empowers investment banks, corporates, private equity, and law firms to shorten deal times and boost success rates.


Alyssa D.
AD
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Recent Datasite Diligence Virtual Data Room Reviews

Verified User
A
Verified UserEnterprise (> 1000 emp.)
5.0 out of 5
"Seamless, reliable and intuitive!"
I find Datasite to be intuitive, seamless and reliable. Features and functionality are top-notch. We often run large M&A processes with multiple bi...
Verified User
U
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Reliable VDR with all necessary features and easy-to-use design"
Datasite is very intuitive to use for all of its functionalities including uploading and preparing files, managing access rights, Q&A, etc. In theo...
Verified User
A
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Leader in the VDR space; intuitive user interface and good technical support"
Ease of use and simplicity of navigation / buyer permissions / etc.
Security Badge
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0 people requested security information

Datasite Diligence Virtual Data Room Media

Datasite Diligence Virtual Data Room Demo - Analytics
Track deal progress from every angle
Datasite Diligence Virtual Data Room Demo - Search / Artificial Intelligence (AI)
Transform data into actionable information
Datasite Diligence Virtual Data Room Demo - Trackers
Consolidate your Excel checklists
Datasite Diligence Virtual Data Room Demo - Redaction
Redact (and unredact) with confidence
Datasite Diligence Virtual Data Room Demo - Q&A
Bring order to a cumbersome process
Datasite Diligence Virtual Data Room Demo - Mobile
Keep things moving while on the go

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241 Datasite Diligence Virtual Data Room Reviews

4.5 out of 5
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Datasite Diligence Virtual Data Room Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for Datasite Diligence Virtual Data RoomQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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Frederico P.
FP
Advogado
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Datasite Diligence Virtual Data Room?

I like the layout and some of the functionalities, such as the option to review the documents by the date they were available in the VDR. During long term DD, this functionality is very helpfull, because it allows the reviwers to know what was disclosed cronologically. The research function is very good also. Other positve point is the possibility to download documents in .zip folders and name the documents with their location in the VDR. The pre-view of the document is very usefull in cross boarder DDs; Another good functionality is the daily e-mails we receive containing a summary of the documents made available each day. Review collected by and hosted on G2.com.

What do you dislike about Datasite Diligence Virtual Data Room?

i am not awere of any functionality allowing the reviwers to share the documents with other members of the VDR. The rest, is all good, compared with other VDRs. Review collected by and hosted on G2.com.

What problems is Datasite Diligence Virtual Data Room solving and how is that benefiting you?

Datasite is a very good VDR in M&A transactions, such in the buy-side and the sell-side. Review collected by and hosted on G2.com.

Response from Emily Ehlers of Datasite Diligence Virtual Data Room

Hi Frederico! It was a joy to read your super-detailed review, and we are thrilled to be your favorite VDR provider! We're glad the ability to sort by date; download in zip files; preview files; and receive new document summaries have been helpful to you. Thank you so much for taking the time to share your feedback with us, and we look forward to working with you again soon. Warmly, The Datasite Team

EM
Senior Associate
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Datasite Diligence Virtual Data Room?

I work in the diligence space and have access to multiple datarooms from 100+ transactions that I do throughout the year. Between myself and my peers, Datasite is widely considered the best online VDR. It's incredibly practical, very fast, and is typically the prime choice of VDR for most of the transactions that I'm on annually. Uploading information is very easy, the software is very secure, and I've never honestly had an issue that I've needed to reach out to customer support for. Overall, very satisfied with VDR and how easy it is to implement and integrate into the many times that I've used it. Review collected by and hosted on G2.com.

What do you dislike about Datasite Diligence Virtual Data Room?

Datasite is the industry standard and I wish it was used in more instances on my engagements. Review collected by and hosted on G2.com.

What problems is Datasite Diligence Virtual Data Room solving and how is that benefiting you?

In a quickly paced diligence process, a practical, fast, and secure dataroom is incredibly important and Datasite is the most optimized to solve all of those solutions for myself, my team, the bankers, and sellers. Review collected by and hosted on G2.com.

Response from Sydney Ashmore of Datasite Diligence Virtual Data Room

Hello, Eric. Thank you for taking the time to submit this review! We're thrilled to hear that Datasite Diligence has been such a reliable and practical solution for your diligence processes. It’s incredibly rewarding to know that our platform’s speed, security, and ease of use have given you the confidence to manage transactions efficiently.

We also appreciate your feedback regarding the platform being the "industry standard" and your wish to see it used more frequently. Knowing that Datasite simplifies your work and enhances your overall experience motivates us to continue delivering even more value to you and your team.

If there’s ever anything more we can do to support your success, please don’t hesitate to let us know. Thank you for your continued partnership with Datasite!

Best,

The Datasite Team

Verified User in Manufacturing
AM
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Datasite Diligence Virtual Data Room?

I think it easy to upload it files into the VDR, and most importantly it is easy to sort and find files once they are posted in the VDR. It is also easy to teach someone how to use and navigate it, this is helpful as some VDR end up having a lot of users in it. I am also a big fan of the customer service, they are always willing to personlize your experience with great joy. Review collected by and hosted on G2.com.

What do you dislike about Datasite Diligence Virtual Data Room?

Building a dashboard within the VDR can be confusing at times, the dashboards also don't always look as sharp as one would want them too. This is one of the features that I tend to stay away from. As a concept they are great, but they lack execution. Hopefully they will make them more user friendly and add more themes to them. Review collected by and hosted on G2.com.

What problems is Datasite Diligence Virtual Data Room solving and how is that benefiting you?

We used to keep a excel file for our pipeline. The file had gotten pretty big over the years and it was becoming hard to maintain. Datasite offered the opportunity to take our old excel file and convert it to the Datasite cloud using their service. All we had to was send them our file and they did the rest. It is now much easier to maintain it and share it. Review collected by and hosted on G2.com.

Response from Sydney Ashmore of Datasite Diligence Virtual Data Room

Hello, and thank you for sharing your thoughtful feedback! We’re thrilled to hear that you’ve found Datasite Diligence easy to use, especially for uploading, sorting, and navigating files. It’s also fantastic to hear that our 24/7 customer service team has been able to personalize your experience—they take pride in supporting our clients with enthusiasm and care.

We appreciate your comments about the dashboard feature and understand how important it is for your workflows. One of the ways Datasite stands out is through our Datasite Assist team, which provides no-cost creation of custom dashboards tailored to your specific needs. This unique offering ensures you can maximize the feature’s potential while saving time and effort. Additionally, your feedback on usability and design has been passed along to our product team as we continue enhancing your experience in the platform.

It’s great to hear how moving your pipeline to Datasite Cloud has simplified your processes and made collaboration easier. Thank you for trusting Datasite to support your team—we’re here to help you maximize your impact every step of the way!

Best,

The Datasite Team

Verified User in Financial Services
UF
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Datasite Diligence Virtual Data Room?

Having used several VDR vendors before, Datasite likely is my top choice purely from an ease of use perspective and the least likely to cause headaches when handing off responsibilities for overseeing the VDR process (permissioning, uploading, removing files/people), etc. Basically, a good VDR should cause you no problems -- a great VDR should actually make your life easier -- Datasite does both Review collected by and hosted on G2.com.

What do you dislike about Datasite Diligence Virtual Data Room?

Honestly, not much -- I think there is probably a case to be made about more configurable layouts...I don't need a sandbox or a staging room or the need to flip on/off publishing -- sometimes I do sometimes I don't, so being able to make it more simpler or more complex would be helpful Review collected by and hosted on G2.com.

What problems is Datasite Diligence Virtual Data Room solving and how is that benefiting you?

It's a VDR so it solves the problem of secure file transfer. There are few commonly accepted ways to accomplish this, and really your only options Datasite, INtralinks, or DFS Review collected by and hosted on G2.com.

Response from Brit Boorman of Datasite Diligence Virtual Data Room

Greetings, and thank you for taking the time to share your thoughtful feedback with us! We’re so glad to hear that Datasite Diligence has made your processes easier—especially when multiple people are working on a deal.

We also truly appreciate your comments about configurable layouts. While our data room is designed to accommodate complex needs, we understand the value of flexibility to better align with simpler workflows. If you’re planning to start a new project and would like to explore turning off or removing the Sandbox feature to simplify for simpler processes, your Datasite representative would be happy to assist with that. Your feedback has also been shared with our product team to help guide future enhancements.

Thank you again for your kind words and input—it means so much to us. We’re excited to continue supporting your deals and helping make your work easier!

Kind regards,

The Datasite Team

Verified User in Venture Capital & Private Equity
UV
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Datasite Diligence Virtual Data Room?

Datasite has the best user interface out of any VDR I've used on the buyside or sell side -- it's easy to set up file structures and review permissions for each buyer and provides buyers with a great search tools to quickly find specific documents. Review collected by and hosted on G2.com.

What do you dislike about Datasite Diligence Virtual Data Room?

Permissions can get a bit tricky with all the different options available (by buyer, by file, etc) so is sometimes overwhelming. The default to turn Word documents into PDFs can also be a hindrance. Review collected by and hosted on G2.com.

What problems is Datasite Diligence Virtual Data Room solving and how is that benefiting you?

Proving a secure document sharing platform for bankers and investors to share documents and monitor usage. Review collected by and hosted on G2.com.

Response from Emily Ehlers of Datasite Diligence Virtual Data Room

Hi there! Thanks so much for the feedback; thrilled that you consider us the best for buyers and sellers alike. Also glad you rank our interface as the best! You make good points on permissions - we've recently launched a Permissions guide that hopefully will help with the complexities of permissioning files. And I've shared your Word Doc preference with our Product team. Again, great feedback, and we are so thankful for your business. We look forward to serving you again soon. Warmly, The Datasite Team

Sam G.
SG
Investment Banking Analyst
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Datasite Diligence Virtual Data Room?

Among the different VDR providers out there this is one of the stronger ones. It's service is very professional and quick to respond. From contact to having a VDR set up, it's very very fast. Especially as a junior that is frequently using this service, I'm pretty content with it. It's very ease to set up a sandbox and also stage quickly. It's also rarely down or under construction. Review collected by and hosted on G2.com.

What do you dislike about Datasite Diligence Virtual Data Room?

I think the UI can be updated. It feels quite outdated compared to Intralinks. It makes it less than intuitive than I would expect from a service this widely used. It can be confusing how to do certain things. I also think the app is not quite there. There is quite a bit they can do to make UI better on the web to make it more competitive. Review collected by and hosted on G2.com.

What problems is Datasite Diligence Virtual Data Room solving and how is that benefiting you?

Alsos for a secure platform to add files that also allows us to permission who can see what and also track who is viewing what and at what frequency. It also let's use "stage" what will be shown in a way that is investor friendly. Review collected by and hosted on G2.com.

Response from Sydney Ashmore of Datasite Diligence Virtual Data Room

Hello, Sam. Thank you for taking the time to review Datasite Diligence! We are pleased that you and your team have found benefit in the platform's security, content staging, and lack of down time. Moreover, we are happy to hear that your experience with our Datasite Assist team has exceeded expectations.

The detail and context that you provided in your feedback is greatly appreciated. This allows our team to continue to innovate and optimize the platform to simplify your workflow and support desired outcomes in strategic projects. As such, we have passed this information along to our Product team.

Once again, thank you for your continued partnership with Datasite! We look forward to supporting you in future deals.

Best,

The Datasite Team

Verified User in Insurance
UI
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Datasite Diligence Virtual Data Room?

This software is a place that allows me to access files all in one place. I like the consolidated aspect of it and it is very user friendly. The documents do not take long to load as well as I've had to open up multiple docs in one use often. Review collected by and hosted on G2.com.

What do you dislike about Datasite Diligence Virtual Data Room?

Sometimes the project names can be a bit difficult to find when sending out the original invite from the datasite email. Unless I file the invite email accordindly, it is hard to differenciate which project the invite coorelates to. Review collected by and hosted on G2.com.

What problems is Datasite Diligence Virtual Data Room solving and how is that benefiting you?

This platform allows all files to be in one place and it is helpful that multiple users can upload it all at once into a single place and can be organized in specific files. Review collected by and hosted on G2.com.

Response from Emily Ehlers of Datasite Diligence Virtual Data Room

Hello there, and thank you so much for taking the time to share about your experience with Datasite. We are so glad you've had found Diligence to be useful and user-friendly. We also appreciate your note about invitation emails, and I've shared it with our Product team. Again, thanks a lot for your review. We look forward to supporting you on future deals. Warmly, The Datasite Team

Verified User in Financial Services
AF
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Seller invite
Incentivized Review
(Original )Information
What do you like best about Datasite Diligence Virtual Data Room?

I find Datasite to be intuitive, seamless and reliable. Features and functionality are top-notch. We often run large M&A processes with multiple bidders requiring different levels of access and thousands of files. Datasite allows us to manage bidders effectively, track their access and easily create summary reports that the whole deal team relies upon. It's also easy to search for content, and the Q&A function is extremely useful.

Moreover, the support team is fantastic. I can call them at any hour of the day, and they're always happy to assist regardless of how simple or complex my request is. Review collected by and hosted on G2.com.

What do you dislike about Datasite Diligence Virtual Data Room?

None! It's the only data room we use because it's proven to have the best functionality. Review collected by and hosted on G2.com.

What problems is Datasite Diligence Virtual Data Room solving and how is that benefiting you?

It allows us to share large numbers of files with a large number of parties privately and seamlessly. We can also track access which is helpful to gauge engagement from buyers. Review collected by and hosted on G2.com.

Response from Emily Ehlers of Datasite Diligence Virtual Data Room

Hi there, and thank you for taking the time to review Datasite. I really enjoyed reading your comments, and I'm so glad to hear you're happy with Datasite. We hope you continue to choose Datasite for everything M&A and beyond. If we can ever be of assistance, shoot us a note at info@datasite.com. Thanks again for the review! Best regards, The Datasite Team

Verified User in Accounting
UA
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Datasite Diligence Virtual Data Room?

Datasite is very intuitive to use for all of its functionalities including uploading and preparing files, managing access rights, Q&A, etc. In theory a good VDR should support the process, not become the process and Datasite does it well. Customer service responded well to a technical issue raised to them. Review collected by and hosted on G2.com.

What do you dislike about Datasite Diligence Virtual Data Room?

I only encountered issues once and they were resolved by the support team within a few hours. No complaints so far. Review collected by and hosted on G2.com.

What problems is Datasite Diligence Virtual Data Room solving and how is that benefiting you?

As a Financial Due Diligence provider, we are active users of VDRs through which information and files are available to use. Additionally, we use it for the Q&A process. In my experience, all regard functionalities are performed well by Datasite Review collected by and hosted on G2.com.

Response from Sydney Ashmore of Datasite Diligence Virtual Data Room

Hello, and thank you for taking the time to review Datasite Diligence! We’re glad to hear that the platform's intuitive design makes it easy for you to upload and prepare files, manage access rights, and navigate the Q&A process. It’s also great to know that our Datasite Assist team provided prompt support when needed.

If there is anything our team can do to further enhance your experience, please do not hesitate to reach out.

We appreciate your partnership and look forward to supporting you in future deals!

Best,

The Datasite Team

Verified User in Financial Services
AF
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Seller invite
Incentivized Review
What do you like best about Datasite Diligence Virtual Data Room?

The platform is extremly intuitive and easy to use. This makes my life as an analyst ten times easier. I recently used the Q&A tool which I found to be very effective to conduct DD with different buyer groups. It is easy to get set up on the platform and launch a project. It seems like the company is investing a lot in more tools and features which will make the platform even more comprehensive and all encompassing. Review collected by and hosted on G2.com.

What do you dislike about Datasite Diligence Virtual Data Room?

Sometimes the robotic / AI customer service is not very useful and most of the time the only thing that works is connecting to a real agent. The pricing increases after the term concludes can be frustrating -- as an advocate for my client it is often difficult to manage this issue from all sides. Review collected by and hosted on G2.com.

What problems is Datasite Diligence Virtual Data Room solving and how is that benefiting you?

an easy and secure way to transfer documents. In the financial services industry where compliance is huge, the free document sharing sites (such as dropbox) are blocked by compliance so VDRs are really the only effective way to share documents with our client. ALso, there is a limit to MB sent in an email so that saves a lot of back and forth on transactional diligence. Review collected by and hosted on G2.com.

Response from Sydney Ashmore of Datasite Diligence Virtual Data Room

Thank you for sharing your detailed feedback about Datasite Diligence! We’re thrilled to hear how intuitive and comprehensive you’ve found the platform to be. It’s great to know that features like the Q&A tool have made your diligence process more efficient and that getting set up and launching projects is seamless.

We appreciate the detail and context you provided in your feedback! Datasite is designed as a premier data room solution to deliver exceptional value through comprehensive functionality, robust security, and dedicated service. We’ve also passed along your comments about AI-based support to our product team to ensure we’re continually enhancing your experience in the platform.

Thank you for your partnership with Datasite! We look forward to continuing to support your success.

Best,

The Datasite Team