April 8, 2022
Share on:


Datasite (formerly known as Merrill DataSite) is one of the leading global SaaS providers for M&A lifecycle participants. Its mission is to help dealmakers speed up and simplify their workflows throughout the stages of the deal. The company’s flagship, Datasite Diligence virtual data room platform (formerly Merril Dataroom), covers every aspect of the deal — from marketing and engagement to closing and post-merger integration. 

What makes Datasite unique is that they own the entire chain of custody — from scanning, indexing, and setting up to project management and technical support.

Best for

Datasite is best for medium and large-size businesses and financial organizations. It’s a go-to option to optimize the due diligence process and ensure smooth and productive internal and external interaction and teamwork.


Datasite’s official website doesn’t provide any information about its pricing plans. As a premium software solution, their virtual data room is quote-based.

Pros and cons

With 50+ years of experience, Datasite is the preferred choice of world-leading companies to close billion-dollar deals. The company also has excellent scores on Capterra and G2. Below you’ll find its main pros and cons, based on customer reviews.


  • Great customer service
  • Powerful dashboards and analytics
  • Minimalistic and easy-to-use interface
  • Quick, holistic search
  • High level of security
  • Mobile-ready
  • Granular access and permissions
  • Rapid set up process
  • Multiple language support
  • Integrated AI redaction tool


  • High-priced
  • No free trial or freemium
  • Hard to identify new uploads on the Datasite website
  • Unclear pricing when data is added to the data room
  • Too short user timeout period
  • No Secure Fence view
  • No training options

In a nutshell, Datasite offers reliable software for powerful due diligence distribution with an excellent data integrity toolset. Yet, its high price and a lack of a free trial period might become a stopper for potential users.