Great Product.
Updated March 25, 2025

Great Product.

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Datasite Diligence Virtual Data Room

I am an investment banking analyst, and I use Datasite for sell-side, buy-side, and capital raise (both debt and equity) transactions. I control the VDR by uploading materials, controlling access for parties, adding and removing parties, and using it for redaction. Overall, I use it the way most other banking analysts do.

Pros

  • Permissioning individual groups is super easy and intuitive.
  • Redaction
  • Adding emails with other text involved, so I don't have to just go down to the email.

Cons

  • While redaction is good, it is awful for tax returns.
  • It can be prolonged to upload files.
  • It is hard to understand how much space is being used.
  • Faster workflow for adding members to VDR.
  • Faster workflow for assembling a VDR.
  • Enhanced ability to see people's analytics in the VDR.
It's very intuitive, and I can see people getting up to speed quickly. There does need to be a client mode where they can have all of the access of a project admin (prep folders, etc.) except not post anything to external parties, as I've had clients do that, and it was very dangerous. However, we need them to see the Sandbox.
Datasite is far superior in UX and usability. It is also much faster. Overall, it is a far better solution. I can't think of anything that DFIN does better.

Do you think Datasite Diligence Virtual Data Room delivers good value for the price?

Yes

Are you happy with Datasite Diligence Virtual Data Room's feature set?

Yes

Did Datasite Diligence Virtual Data Room live up to sales and marketing promises?

Yes

Did implementation of Datasite Diligence Virtual Data Room go as expected?

Yes

Would you buy Datasite Diligence Virtual Data Room again?

Yes

S&P Capital IQ, FactSet, PitchBook
It is perfect for transactions (capital raising, M&A, etc.), prepping the VDR, and then running it. The places where it is less appropriate are for video or other multimedia because they are so expensive. It's the same thing if I am late into confirmatory. I no longer have permission, so it is just data storage, but the price remains the same.

Using Datasite Diligence Virtual Data Room

30 - We are an investment bank, so all of them are bankers ranging from Analyst - MD with the Analysts having the heaviest usage and the MDs having the lowest, however, everyone likes Datasite the most.
  • Due Diligence
  • Confirmatory Diligence
  • Redaction
  • Trackers
  • Initial review
  • Later review
  • Initial materials from client
  • Management Meetings
  • Q&A
It is my go to data room provider and I am super comfortable using it. I don't think I would want to use anything else since I can't trust them like I can trust Datasite

Evaluating Datasite Diligence Virtual Data Room and Competitors

  • Cloud Solutions
  • Scalability
  • Ease of Use
Ease of use by far, and I think all of my other answers show it, so I don't think I need to repeat them here, but in summary it is intuitive and faster than every other solution.

Datasite Diligence Virtual Data Room Implementation

Skip
  • Implemented in-house
  • I didn't have implementation
  • I didn't have implementation
  • I didn't have implementation

Datasite Diligence Virtual Data Room Support

Using Datasite Diligence Virtual Data Room

ProsCons
Like to use
Relatively simple
Easy to use
Technical support not required
Well integrated
Consistent
Quick to learn
Convenient
Feel confident using
None
  • Adding buyers
  • Setting visibility
  • Adding materials
  • trackers
  • Q&A
  • Redaction

Comments

  • Datasite Team | TrustRadius Reviewer
    Datasite Team
    (Vendor Representative) commented a year ago
    Hello there, and thank you so much for taking the time to share your feedback with us. We are absolutely delighted that you are enjoying the redaction and permission features and that you consider us perfect for M&A transactions. We also appreciate your constructive feedback, and have shared it all with our product and pricing teams. You might consider using the Inbox feature for your clients who need to upload content but not permission anything. I'll include a link below with more detail. It's a nice way to allow new content to get added, with the barrier of having an Admin review, sort, move, and publish it. Again, we really appreciate the level of detail you've included. We are so proud to support you and your team, and we look forward to serving you again soon. Warm regards, The Datasite Team https://datasite.my.site.com/datasiteassist/s/article/Inbox

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