DealRoom

DealRoom

Agile M&A project management with due diligence tracking

4.6/5 (135 reviews)

DealRoom Overview

DealRoom is a cloud-based agile M&A project management software which combines data storage, communication tools, and diligence tracking in a single platform.

Users can upload files to DealRoom in bulk with drag-and-drop upload and automatic indexing functionality. Permissions can be managed for each file and folder, giving users control over which documents can be viewed, downloaded, or printed, and watermarks can be applied as necessary. Full text search enables the location of information or documents using phrases or keywords, and files can be linked with requests, allowing users to view related requests from within the document. All requests are presented in a visual list, providing users with an at-a-glance view of their priority, status, and date on which they were last updated. Custom labels can be used for further organization, and progress of all requests can be viewed in a single page.

DealRoom leverages machine learning to remove the need to manually answer duplicate requests by automatically suggesting previous responses and related documents. Diligence progress can be tracked over time, and any requests flagged as high priority or high risk can be monitored. All document activity can be tracked, including who uploaded or downloaded files, who viewed documents, and when. Buyer engagement is also visualized, allowing users to see which buyers spend the most time reviewing diligence requests.

Pricing

Starting from
US$250,00/month
Pricing options
Free Trial
Subscription
Value for money

Devices

Business size

S
M
L

Markets

Australia, Canada, United States

Supported Languages

English

DealRoom Reviews

Overall rating
4.6/5
93% positive reviews
86
Excellent
39
Very good
10
Average
0
Poor
0
Terrible
Curtis s. C.

Most responsive and innovative dataroom provider in the market right now

Used Daily for 2+ years
Reviewed on 2018/04/17
Review Source: Capterra

Very easy to use

Pros

I love task tracking feature that is unique to the DealRoom software and the fact that you can control permissions down to the individual file level, but what I like the most about this software is the customer suppport. The CEO personally reads and sometimes responds to customer inquiries and requests for features. Additionally, the customer support team is extremely responsive and works to resolve your issue within 24 to 48 hours.

Cons

There are certain features that I would like to see in the group permissions management section, but I have been told the team is already working on it and the new feature should be out in 1-2 weeks!

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Ovais a. S.

Excellent platform with ease of use

Used Daily for 1+ year
Reviewed on 2018/04/17
Review Source: Capterra

It helps us manage the document / info sharing between the client, our firm and the potential investors. It also allows us to manage users, their permissions etc. It is also helping us managing the analytics on user access. It is easier to upload large size files and share it with intended users which is not possible on outlook due to size limits.

Pros

Dealroom is easy to use, you can populate dealroom with your due diligence folders and create due diligence list right inside the dealroom instead of sending the due diligence list separately to your clients.

Cons

Missing Outlook plugin which is mostly available will update tab that would allow execution team to update status on this would allow execution team to update status on transactions.

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

10.0/10
Ovais S.

Much needed platform for banking with exceptional ease of use

Used Daily for 1+ year
Reviewed on 2018/04/23
Review Source: Capterra

Deal Marketing, Documents Upload, Documents Receiving from Clients, Investor Access to Deals

Pros

Dealroom has multiple features that make it easy to use, including very clear and user friendly interface, drag and drop options, pulling and downloading due diligence list directly

Cons

Absence of Microsoft outlook plugin as well as inability to update/track deal marketing progress so you can categorize deals in terms of their status.

Response from DealRoom, a Day1 Company

Thanks for the review Ovais! Glad you've had a good experience with direct diligence management and appreciate the feedback on deal tracking, definitely something for us to look into. Thanks again!

Rating breakdown

Value for Money
Ease of Use
Customer Support

Likelihood to recommend

9.0/10
Louisa C.

One of the best

Used Daily for 1-5 months
Reviewed on 2019/03/12
Review Source: Capterra

Thoroughly impressed, prefer it over competing products such as intralinks, MerrillDatasite One and even Ansarada. The download and processing speed of the site really stands out to me.

Pros

This software has stood out to me for various reasons.
- Fast download speed to easy zip folders which have smaller capacity and are therefore easy to email forward.
- Loading speed of the pages is considerably faster than other deal platforms.
- Q&A function is user friendly and simple with clear indicators to questions being answered and edit/attachment functions.

Cons

- It doesn't seem clear to me as to how to attach data room document numbers to the top of the document when downloaded from the site.

- The exported excel index does not include the date which documents were unloaded to the data room.

Response from DealRoom, a Day1 Company

Thank you so much Louisa! Glad you were happy with the download speeds and our Requests function for having questions answered with documents attached to the request. Appreciate the high recommendation compared to other platforms as well. Thanks again!

Rating breakdown

Ease of Use

Likelihood to recommend

9.0/10
Luke R.

Excellent customer service!

Used Other for 1-5 months
Reviewed on 2018/10/23
Review Source: Capterra

The best part about using DealRoom by far was my experience with the customer representative, my customer success manager throughout the process. She chatted with me while in the portal, offering tips to ensure I took the best advantage of Deal Room's features. Even after I left the portal, she continued to follow up, doing everything within her power to guarantee I had a 10/10 experience. No other VDR platform I've used has even offered that type of personal support. And on top of that, she was one of the strongest, most courteous, and most helpful customer success manager's I have encountered in any product or service I have ever used!

Pros

I have experience with a few different Virtual Data Room platforms: Merrill DataSite, Donnelly, etc. Most platforms focus only on privacy and functionality at the expense of general user interface. I found Deal Room to be incredibly easy to use, despite having never used it before. This ease of use was greatly augmented by my experience with my customer success manager, who I will describe below.

Cons

There was very little not to like. The software did exactly what I needed it to.

Response from DealRoom, a Day1 Company

Thanks for the review Luke! Good to hear you've had a positive experience with DealRoom compared to other providers and happy to hear the interface was intuitive and easy for you to use. Also, thank you so much for the kind words about our customer success manager! Glad to hear our team is doing their best to help you and we are grateful for the feedback. Appreciate you taking time for the review!

Rating breakdown

Ease of Use
Customer Support

Likelihood to recommend

9.0/10

DealRoom Pricing

Starting from
US$250,00/month
Pricing options
Free Trial
Subscription
Value for money

Professional: starting from $500/month.
Enterprise: contact DealRoom for pricing information.

DealRoom Features

  • Activity Tracking
  • Automatic Notifications
  • Collaboration Tools
  • Collaborative Workspace
  • Commenting
  • Drag & Drop Interface
  • Prioritizing
  • Progress Tracking
  • Project Time Tracking
  • Projections
  • Task Management
  • Third Party Integration

  • API
  • Activity Dashboard
  • Gantt Charts
  • Project Management
  • Project Planning
  • Project Tracking
  • Task Tracking
  • Timesheets

Additional information for DealRoom

Key features of DealRoom

  • Audit trails
  • Auto-indexing
  • Automated reporting
  • Custom labels
  • Custom reports
  • Customizable document permissions
  • Data filtering
  • Data tracking & analytics
  • Deal lifecycle management
  • Diligence management
  • Diligence progress tracking
  • Document activity tracking
  • Document management
  • Drag-and-drop file upload
  • Excel & PDF reporting
  • Full text search
  • Keyword search
  • Message notifications
  • Multiple data rooms
  • Project plan templates
  • Real-time progress tracking
  • Request answer approvals
  • Request dependencies
  • Request import
  • Request management
  • Request monitoring
  • Task assignment
  • Third party integrations
  • Time tracking
  • Visual request lists
  • Watermarking

Benefits

  • Drag-and-drop upload allows users to upload documents, files, and folders in bulk, with all files automatically indexed and users able to control viewing, downloading, and printing restrictions.

  • Full text search allows users to locate information or documents based on keyword or phrases, including keyword search within documents.

  • All requests can be organized in a single view, with at-a-glance information on status and priority, notifications for overdue requests, and the ability to add custom labels for organization.

  • DealRoom leverages machine learning to automatically suggest related responses and documents for duplicate requests.

  • Diligence progress can be tracked over time, and users can monitor any requests which are tagged as high priority or risk.

  • DealRoom FAQs

    Below are some frequently asked questions for DealRoom.

    Q. What type of pricing plans does DealRoom offer?

    DealRoom offers the following pricing plans:

    Starting from: US$250,00/month

    Pricing model: Subscription

    Free Trial: Available

    Professional: starting from $500/month.
    Enterprise: contact DealRoom for pricing information.

    Q. What are the main features of DealRoom?

    DealRoom offers the following features:

    • Audit trails
    • Auto-indexing
    • Automated reporting
    • Custom labels
    • Custom reports
    • Customizable document permissions
    • Data filtering
    • Data tracking & analytics
    • Deal lifecycle management
    • Diligence management
    • Diligence progress tracking
    • Document activity tracking
    • Document management
    • Drag-and-drop file upload
    • Excel & PDF reporting
    • Full text search
    • Keyword search
    • Message notifications
    • Multiple data rooms
    • Project plan templates
    • Real-time progress tracking
    • Request answer approvals
    • Request dependencies
    • Request import
    • Request management
    • Request monitoring
    • Task assignment
    • Third party integrations
    • Time tracking
    • Visual request lists
    • Watermarking

    Q. Who are the typical users of DealRoom?

    DealRoom has the following typical customers:

    Large Enterprises, Mid Size Business, Small Business

    Q. What languages does DealRoom support?

    DealRoom supports the following languages:

    English

    Q. What type of pricing plans does DealRoom offer?

    DealRoom has the following pricing plans:

    Subscription

    Q. Does DealRoom support mobile devices?

    We do not have any information about what devices DealRoom supports

    Q. What other apps does DealRoom integrate with?

    DealRoom integrates with the following applications:

    Microsoft Outlook, Office 365, Salesforce Sales Cloud, Slack

    Q. What level of support does DealRoom offer?

    DealRoom offers the following support options:

    Online Support, Phone Support