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What is DealRoom?

DealRoom in Chicago offers their flagship application to support due diligence in data exchange related to deals between organizations and entities (notably mergers and acquisitions) with automation, risk detection via request tracking, easy document location, all under the auspices of…

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Recent Reviews

TrustRadius Insights

DealRoom is a versatile platform that serves as a virtual data room, facilitating secure information sharing between companies and their …
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Product Details

What is DealRoom?

DealRoom is on a mission to disrupt traditional and inefficient M&A processes that result in deals often failing to deliver anticipated value - for the good of all stakeholders involved.

DealRoom provides M&A software solutions, for both buy-side and sell-side M&A transactions, and is the founder of the M&A Science community which is focused on empowering all M&A teams to improve their M&A processes.

DealRoom Features

  • Supported: Drag-and-drop capabilities
  • Supported: Smart Search
  • Supported: Pipeline Management
  • Supported: Live-link Documents
  • Supported: Progress Reporting

DealRoom Integrations

DealRoom Technical Details

Deployment TypesSoftware as a Service (SaaS), Cloud, or Web-Based
Operating SystemsUnspecified
Mobile ApplicationNo
Supported LanguagesEnglish

Frequently Asked Questions

DealRoom in Chicago offers their flagship application to support due diligence in data exchange related to deals between organizations and entities (notably mergers and acquisitions) with automation, risk detection via request tracking, easy document location, all under the auspices of compliant and controlled information transaction rules.

SS&C Intralinks DealCentre, Datasite Diligence Virtual Data Room, and Midaxo are common alternatives for DealRoom.

The most common users of DealRoom are from Mid-sized Companies (51-1,000 employees).

DealRoom Customer Size Distribution

Small Businesses (1-50 employees)40%
Mid-Size Companies (51-500 employees)60%
Enterprises (more than 500 employees)0%
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Reviews and Ratings


Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

DealRoom is a versatile platform that serves as a virtual data room, facilitating secure information sharing between companies and their clients and investors. Users have praised its ability to streamline communication and collaboration across various teams and business units, making it an excellent tool for organization-wide project and task management. It has proven particularly valuable in the context of M&A processes, helping teams from different departments work together effectively towards deadlines.

One of the key use cases for DealRoom is its role in M&A transactions within investment banks. Customers have found it to be a cost-effective and efficient solution for managing data sites during these complex deals. The platform simplifies due diligence processes, saving users time, effort, and money. Clients can securely store and track important documents, allowing them to review and share information for acquisitions or other evaluations.

DealRoom's well-designed downloading features have been highly appreciated by users as they preserve folder structure and file names without any issues. This ensures that documents are easily accessible and organized. Its clean interface and strong analytics have also been highlighted as valuable attributes, especially when working with third-party diligence providers and managing multiple data requests.

Overall, DealRoom has proven to be a trustworthy virtual data room solution that addresses collaboration challenges faced during M&A processes while providing security, efficiency, and effective document management across organizations of all sizes.

Easy to Use: Many users have praised DealRoom for its user-friendly interface and intuitive design, making it easy for them to navigate and utilize the software's features effectively. The simplicity of the interface contributes to a positive user experience, allowing users to quickly adapt to the platform.

Helpful Support Team: Several reviewers have highlighted the exceptional customer support provided by DealRoom's team. Users appreciate their timely response to inquiries and assistance in using the software effectively. The helpful and awesome team at DealRoom ensures that users receive prompt assistance throughout their experience with the software.

Efficient Document Management: The drag-and-drop file upload feature, along with the ability to set permissions for documents, has been commended by many users. They have found this process straightforward, allowing for efficient management and sharing of files within DealRoom. The easy-to-use document management capabilities contribute to improved organization and accountability for users.

Difficult Folder Structure Settings: Some users have found the setting buttons for folder structures to be initially confusing, making it difficult for them to efficiently utilize this feature. They hope that DealRoom can improve the clarity of these settings to enhance user experience.

Lack of Search Filters: Several reviewers have mentioned that the search options in DealRoom lack filters, such as the ability to search by document titles. This limitation hampers their ability to quickly find specific documents within the platform and may slow down their workflow.

Excessive Notifications: A number of users have expressed frustration with receiving too many notifications from DealRoom and feeling uncertain about how to mute them. This influx of notifications can be overwhelming and disrupt their workflow. Users would appreciate a clearer notification management system or an option to customize their notification preferences.

Users have made several recommendations based on their experiences with DealRoom. The most common recommendations are as follows:

  1. Try DealRoom: Many users highly recommend giving DealRoom a try. They find it easy to use and navigate, making it a must-try option for various tasks such as fundraising and ongoing investor relations.

  2. Utilize Customer Support: Users appreciate the great customer support provided by DealRoom. They suggest leveraging this resource for assistance with any questions or issues that may arise during the usage of the platform.

  3. Consider Security and Data Sharing: Users advise using DealRoom for sensitive data sharing due to its security features. With its thoughtful security measures in place, this platform can be trusted for secure and confidential information sharing.

Overall, users find DealRoom to be a valuable solution that offers ease of use, good customer support, and robust security features for data sharing.

Attribute Ratings


(1-11 of 11)
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Score 10 out of 10
Vetted Review
Verified User
We've been using the virtual data room to safely store and track important documents at our organization.
  • Eliminates redundancy and streamlines assignments
  • Crucial documents are not only safely stored but also trackable
  • User-friendly and intuitive software that just looks good
  • Support staff was responsive and flexible in meeting concerns
  • Any issues were resolved quickly
This software is comprehensive and made to fit a variety of scenarios. There are options for all parties involved in the transaction. Their virtual data room could honestly be used by any organization that wants protected and trackable documents.
Score 8 out of 10
Vetted Review
Verified User
DealRoom is the best data room platform we use - clean interface and strong analytics are tremendously helpful to our deal teams as we work with third-party diligence providers and juggle hundreds of data requests.
  • Clean, easy-to-use interface
  • Advance analytical capabilities
  • n/a
Well suited to managing data requests / complicated multiparty processes
Score 9 out of 10
Vetted Review
Verified User
I am using it to review documents provided for due diligence review - Acquisition of an entity
  • Fast downloading
  • Organized folders
  • Clear separation between request and data room
  • Search options don't include filters (such as search by title of docs)

I found the possibility of separating the clients' responses to requests from the documents uploaded in the data room is really helpful.

Searching documents can be challenging without filters to narrow it down.

Score 9 out of 10
Vetted Review
Verified User
We typically use it for securely exchanging data with our clients. DealRoom provides a great interface to tracking all outstanding data requests and ensuring that sensitive data is access controlled. DealRoom's downloading features are well designed. Downloading files from DealRoom does not mess up folder structure (unlike other providers) and does not truncate the file names. Overall, I am a satisfied user of DealRoom
  • Folder Structure is easy to navigate. Interface refreshes only when you need it to. Saves time
  • Finding latest uploaded documents is very easy
  • Can print out folder index very easily
  • Download packaging is well designed and is generally faster than other VDRs
  • I would like a drag and drop interface for printing out folder structure. It is just easy to do it on your own rather than using the default option
  • Preview feature for documents should be available. Saves a ton of time !
  • Ask me to download if I am clicking on a link. Do not start download immediately
Well suited for projects where a large number of files need to be securely exchanged with clients. Not very suitable if the engagement does not involve heavy data exchange. We have used it in multiple M&A and due diligence projects and it works like a charm. I strongly recommend DealRoom
March 12, 2021

M&A Use of DealRoom

Score 10 out of 10
Vetted Review
Verified User
For M&A, across all departments, the main problem it addresses is collaboration towards deadlines.
  • navigation
  • cooperation
  • focused vs. global notes
  • Honestly I don't find that any of it is hard to use
  • I can see it being modified to serve as a contract lifecycle management tool
I can't talk about that.
Score 10 out of 10
Vetted Review
Verified User
DealRoom is being used by my department to streamline M&A evaluation and collaboration
  • Easy to use
  • User Friendly
  • Collaborative
  • Too many notifications from DealRoom and not sure how to mute
During my experience using DealRoom I found the site easy to use and very user friendly. My only complaint would be that I received several email notifications everyday and could not find a way to mute this feature.
Jessica Casale | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User
One of the companies that I freelance write for utilizes DealRoom as its virtual data room. Primarily, it is used for organization-wide project and task management. It helps various teams and business units to efficiently communicate, collaborate, and securely exchange documents.
  • Super intuitive and easy to use
  • Helps tremendously with organization and accountability
  • Awesome and helpful team!
  • I haven't run into any major issues yet!
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.
Andrea Hoch | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
DealRoom has provided a safe and secure way for my company to share information and data with clients and investors. Not only is it easy to use and efficient, but the customer service provided by DealRoom is wonderful.
  • DealRoom does an excellent job of providing training to new users.
  • The software is easy to use, yet sophisticated.
  • DealRoom doesn't currently have an option for automatic weekly user analytics. I hope to see this feature implemented soon.
  • The software is easy to use, as mentioned before, however, utilizing the setting buttons for folder structures can be difficult to understand at first.
DealRoom is well suited for any circumstance where an NDA is required before sharing information with another party. It's useful in scenarios where you'd like to track what documents people are viewing and when.
Score 10 out of 10
Vetted Review
Verified User
We use DealRoom for M&A transactions within our Investment Bank. The platform is used by several of our teams across multiple industry groups and deal sizes. DealRoom not only provides a cost-effective data site solution, but offers superior functionality, simplicity, and speed. This platform enables users to streamline diligence and save time, effort and money on behalf of both users and clients.
  • Fixed cost pricing is unique and refreshing. Saves headache and worry throughout the process and with the client.
  • Internal Diligence Tracking through the requests feature is a game-changer. Prevents inefficient excel trackers and unnecessary emails throughout the process.
  • GUI and interface are clean and easy to use.
  • Customer support and response to inquires is timely and helpful.
  • 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.
Great for all deals where people prefer efficiency, low-cost, and ease of use.
Score 10 out of 10
Vetted Review
Verified User
We have been using DealRoom as a virtual data room solution for our company. We stored secure documents and shared between different parties and customers. We have also used their requests feature for internal process management.
  • It was easy to use and support helped us a lot with everything. We are extremely pleased with the service they provide. It's very easy to drag and drop files and set permissions for documents. Their requests functionality is also very useful and helped us track process.
  • A couple of our team members did not receive invitation letters due to some mail filtering system, but their support guys resolved this issue very fast.
- Easy drag & drop file uploading.
- Tasks management system and progress tracking.
- Different permissions from just view access and up to upload and edit.
Score 10 out of 10
Vetted Review
Verified User
We use DealRoom in our M&A processes. Typically, we engage the data room provider right at the beginning of the engagement and use the platform for initial document collection, data room sharing with buyers, and throughout general due diligence.
  • Fast document upload speed
  • Robust due diligence capabilities
  • Simplicity
  • Advanced Analytics
  • Collaboration capabilities allows both buyer and seller to interact extensively
To be frank, DealRoom is an excellent data room provider. The platform is easy to use and is one of the better-- if not the best-- products out there from a data room perspective. I highly recommend using this product for all M&A engagements. It is easy to use and will save hours of time.
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