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DealRoom

DealRoom

Overview

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, 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

Consumers0%
Small Businesses (1-50 employees)40%
Mid-Size Companies (51-500 employees)60%
Enterprises (more than 500 employees)0%
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Comparisons

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Reviews and Ratings

(13)

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

Reviews

(1-11 of 11)
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Score 10 out of 10
Vetted Review
Verified User
  • 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
Score 9 out of 10
Vetted Review
Verified User
Incentivized
  • 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
Andrea Hoch | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User
  • 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.
Score 10 out of 10
Vetted Review
Verified User
  • 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.
Score 10 out of 10
Vetted Review
Verified User
  • 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.
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