Datasite is a well-established virtual data room with powerful tools that help companies close deals quicker. It has a strong support system that lets customers contact its representatives through chat, email, or phone in up to 14 different languages.
DataSite is cloud-based platform that assists investment banks, M&A professionals, and law firms close transactions using its folder indexing, file organization, and easy document retrieval. The platform also comes with specific access controls that allow administrators to determine who can view, edit and download files. The redaction feature of the platform automates due diligence by automatically identifying sensitive data with its image and text redaction.
Its security features include data encryption both in transit and while at rest, as well as a vulnerability assessment tool that allows independent experts to test the security of the platform. Additionally, Datasite is HIPAA compliant and has been audited and certified ISO 27001 environment. Datasite’s employees receive regular security training and annually ratifies their code of conduct and confidentiality agreement.
Due to its robust capabilities, Datasite has been recognized as one of the best data rooms by industry analysts. Datasite is used by numerous companies which include those in the legal, financial services, oil, energy, banking, healthcare, pharmaceuticals, banking, and technology sectors. Its user-friendly interface makes easy for users upload documents and organize them into directories. Drag-and-drop and intelligent uploading features reduce the time needed to prepare the data room.