Saint Paul, USA
Datasite by Merrill Corporation is a premium SaaS platform that offers a Virtual Data Room (VDR) suite for deal marketing, deal preparation, due diligence, and buy-side offering. With its solutions being chosen by clients from over 170 countries, Datasite has been leading the M&A VDR market during the last decade. In addition to finance, healthcare, media and telecom, Datasite also works in the industrial sector, including transportation, manufacturing, and aerospace.
The platform offers essential functions such as watermarking, audit log, and permission controls, etc., but what really differentiates Merrill Datasite from other data rooms available on the market are its security measures.
Datasite’s security is often referred to as ‘ironclad.’ The platform uses two-factor authentication, AES 256-bit encryption, mobile biometrics, is ISO 27001 and EU-US Privacy Shield certified, GDPR compliant, and has SSAE 16 SOC 2 Type II attestation. The strictest security measures ensure the safety of your transactions and sensitive data storage no matter the size of your deal.
G2 Satisfaction score
The platform is hosted on 1000 servers spread across Europe and North America and uses Microsoft Azure Storage, meaning the storage opportunities at Datasite are limitless. Datasite treats all passwords with cryptographic hash algorithms and disposes of all project files 30 days after the project was completed, which offers extra security for any confidential data.
In addition to superior security and unlimited storage size, Datasite provides best-in-class round-the-clock support services available in 18 languages and in four regions (North America, EMEA, Asia Pacific, and Latin America) through a variety of channels: phone, email, chat, and on-site. Besides, the company has created a dedicated online support portal with information available on the frequently asked questions, video demos on how to use certain tools, and live training registration. Every Datasite client is also assigned a personal project manager who is always ready to assist if any problem occurs.
Ease of use
A VDR by Merrill Datasite can be set up with just a few clicks. Some of its features are:
- Email files directly to your project with a special email address
- Drag and drop files up to 50Gb
- Manage which users have access to a project, folder, or part of a document
- Redact text and images automatically with AI tool
- Track and analyze your data via the smart dashboard
- Search in various document types (even in PDFs) with Optical Character Recognition
- Contact support 24/7 for a professional assistance
- Use Datasite mobile app
Datasite mobile integration
Datasite conveniently comes with a mobile app available for iOS and Android. The app is easy to use and allows you to access, organize, or edit documents on the go. It can also be synchronized with few devices, for example, your iPhone and iPad.
With the app, you can always monitor any changes in your data via analytics adapted for a mobile screen. Frankly, the app doesn’t work as smoothly as one would expect from such a high-end company. Upon user reviews, the system keeps crashing and the overall functionalities leave room for improvement.