What users are saying about
5 Ratings
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Score 8.9 out of 100
3 Ratings
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Score 8.5 out of 100

Likelihood to Recommend

DealRoom

In my experience, I found it to be great for project and task management. When something comes up for me to work on, I am assigned a task with all of the necessary information, e.g. resources, description, and urgency. I work remotely so it has made staying connected and informed easy and efficient
Jessica Casale | TrustRadius Reviewer

Firmex Virtual Data Room

Firmex Virtual Data Room is well suited to complex mergers and acquisition transactions. For example, we recently used it when acting for a potential purchaser involved in an auction transaction for a business unit worth approximately $1 billion. In that scenario, the vendor uploaded all of the documents to the data room and each of the bidders (and each of their lawyers, outside accountants, etc.) had access to the same documents. There were over 1000 documents uploaded to the data room (the index was around 100 pages I think), so it was a good way of managing such a large volume of documents, and such a large volume of users.
Anonymous | TrustRadius Reviewer

Pros

DealRoom

  • DealRoom does an excellent job of providing training to new users.
  • The software is easy to use, yet sophisticated.
Andrea Hoch | TrustRadius Reviewer

Firmex Virtual Data Room

  • Status updates
  • Visual display
  • Organization capabilities
Olivia Crellin | TrustRadius Reviewer

Cons

DealRoom

  • Only issue is that it is not a brand name (like Intralinks, Merrrill etc). Some clients prefer familiarity, but the platform and service is the best there is. Would use in all situations if it were possible.
Anonymous | TrustRadius Reviewer

Firmex Virtual Data Room

  • This is a bit of a stretch, because as far as I know, no data room provides this, but I think it would be interesting if they added a feature to manage supplemental due diligence requests. In almost every transaction I've been involved with, the buyer has supplemental due diligence requests, either because the seller did not want to provide a document or because they did not think it was sufficiently material (or they just forgot!). These supplemental requests get handled separately, using a Word or Excel document, but I think it would be nice if it could be handled directly in the data room. The reason this would be handy is that you could include dynamics links in the questions (Page 2 is missing from Document 1.1.2 - and then there is a link right to Document 1.1.2) and in the answers (See Document 3.3.4 for the missing financial statements - and then there is a link right to the missing document).
  • This is partly on the users, but I do not like it when a data room allows you to delete a document without there being an ongoing reference to the deleted document. It makes it hard for the other side (the purchaser) to keep straight the numbering of the due diligence documents. At a minimum, the software should just keep the numbering of the documents the same with an "Intentionally Deleted" next to the deleted document.
Anonymous | TrustRadius Reviewer

Likelihood to Renew

DealRoom

DealRoom 9.1
Based on 1 answer
DealRoom is very easy to use and has a clear interface and all the features we needed.
Anonymous | TrustRadius Reviewer

Firmex Virtual Data Room

No score
No answers yet
No answers on this topic

Usability

DealRoom

DealRoom 9.1
Based on 1 answer
It was the most intuitive data room platform that i used in my work
Anonymous | TrustRadius Reviewer

Firmex Virtual Data Room

No score
No answers yet
No answers on this topic

Support Rating

DealRoom

DealRoom 9.1
Based on 1 answer
Support is very friendly and answers fast.
Anonymous | TrustRadius Reviewer

Firmex Virtual Data Room

No score
No answers yet
No answers on this topic

Alternatives Considered

DealRoom

DealRoom provides a superior product. We select DealRoom for most of our engagements mostly due to the advanced Due Diligence capabilities that it provides. However, the ease of use, speed, and simplicity of the product are also factors that inspire us to choose DealRoom as our "go-to" provider.
Anonymous | TrustRadius Reviewer

Firmex Virtual Data Room

I think Firmex has one of the best visual displays -- I like its basic user interface a lot. It's easy to recommend that clients use it who have no prior datasite experience because they onboard quickly. It is far more intuitive than Dropbox and has more organizational capabilities. Merrill is a close competitor as it also offers a sleek design and user friendly interface.
Olivia Crellin | TrustRadius Reviewer

Return on Investment

DealRoom

  • Keeps projects organized
  • Security features give peace of mind that information will not be stolen
  • Helps streamline communication
  • Increased collaboration
Jessica Casale | TrustRadius Reviewer

Firmex Virtual Data Room

  • Positive impact on conducting due diligence efficiently.
  • Positive impact on being responsive to fast-moving transactions because of the e-mail updates when new documents get uploaded.
Anonymous | TrustRadius Reviewer

Screenshots

Firmex Virtual Data Room

Pricing Details

DealRoom

General

Free Trial
Yes
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

DealRoom Editions & Modules

Edition
Flat-rate$1,0001
  1. per month
Additional Pricing Details
We have additional pricing available. Teams can also pay a one-time flat rate. All pricing plans include unlimited users, unlimited data, and no overage fees.

Firmex Virtual Data Room

General

Free Trial
Free/Freemium Version
Premium Consulting/Integration Services
Entry-level set up fee?
No

Firmex Virtual Data Room Editions & Modules

Additional Pricing Details

Add comparison