Formed in 2007, EthosData data room facilitates board-level collaboration with external parties such as shareholders, investors, and lawyers during crucial business deals. For organizations needing the ability to store and share documentation with enterprise-grade security, EthosData’s platform provides an end-to-end solution.
The platform is used for executive collaboration on projects such as IPO processes, divesting of products, fundraising exercises, and mergers and acquisitions. It has become especially vital as regulatory compliance increases and more data breaches occur. The solution is utilized by organizations in many industries, including financial services, the legal sector, and governmental bodies.
What does EthosData do best?
The simplicity of EthosData’s data room is one of its main features. No additional software or plug-ins are needed to run the application. The virtual data room is entirely web-based.
When new customers are onboarded, the EthosData specialists help set up new users, access permissions, and content uploads. It is also possible to share customized reports to provide executive-level information at the touch of a button.
Setting up new users is also simple and can be configured by an administrator. In the same way, it is possible to revoke any user from accessing any document quickly. All activity by each user and each document is logged in an audit-ready manner.
The platform conforms to ISO and other internationally recognized standards protocols. The EthosData team is also highly skilled in secure data room technology, and it has the knowledge to assist with various complex transactions and processes.
EthosData contains several industry-standard features within its virtual data rooms.
- Efficient document management is enabled with bulk uploads and downloads.
- Transparent pricing and the ability to freeze the use of the data room during downtime to save money on licensing.
- All communications within the virtual data room are encrypted and recorded.
- Outbound email alerts to new content and messages
- Flexibility with 11 languages, all browsers, and accessibility across devices
- Archives and keyword search tool for data and files
- Option to brand the virtual data room with the company logo and matching Pantone colors for a personalized touch.
EthosData solution: Final word
The EthosData solution is comprised of three main editions:
The plans start at $180 per month, and potential customers can test-drive each one on a 30-day free trial.
Each plan contains an auditable support package from the EthosData team that is available 24/7.
Service levels also offer a 15-minute response time and contact the company team by phone, online chat, or email. Customers also benefit from a help center with a range of questions and answers and an unlimited range of training topics to maximize the tool’s benefits.