DealVDR Data Room

DealVDR Data Room review

Founded in 2012 and headquartered in New York City, Finsight specializes in technology that serves the financial industry. This software provider has created a suite of seven different solutions, aimed primarily at facilitating the work of institutional investors and investment banks, but which are also used for corporate transactions within various other industries.

Finsight offers its clients two virtual data rooms: DealVDR is intended for use in due diligence, M&A, investor reporting and asset sales, while 17g5.com aims specifically at companies that need a data room which complies with the SEC Rule 17g-5. Finsight’s other software are:

• DealRoadshow, a virtual roadshow platform
• Evercall, an operator-assisted conference call service
• Finsight.com, a deal database for fixed income securities
• InvestorSet, a library for investment documentation
• VeriSend, an electronic document delivery service

For companies interested in DealVDR, Finsight offers a free demo and a free 30-day trial of the data room.

Pricing

DealVDR pricing is based on how much data the customer needs to store, and for how long. There are four basic plans:

• $ 2,500 for up to 1GB storage for up to six months
• $ 4,000 up to 1GB storage for up to one year
• $ 4,500 for up to 2GB storage for up to six months
• $ 6,000 for up to 2GB for up to one year

In any of these plans, should the customer need extra storage, they can purchase it for $2,000 per incremental GB. All plans include:

• unlimited users
• unlimited admins
• unlimited support

Deployment

DealVDR is a web-based virtual data room that can be accessed from any browser. Besides being accessible from desktop computers, DealVDR is also adaptive for smartphones and tablets running on iOS and Android.

Support

DealVDR prides itself in offering its customers what they call “fanatical” 24/7 support. This is extended to all stakeholders — administrators and data room users — and includes:

• live chat support
• phone support, with four dedicated lines: 
  • US and Canada
  • Latin America and Europe
  • the Middle East and Africa
  • Asia and the Pacific
• email support, with a response time of no more than 10 minutes

Security

The DealVDR data room has the following security certifications:

• AICPA-SOC 2
• GDPR
• ISO/IEC 27001 (for DealVDR data centers)
• EU-US Privacy Shield

Besides these certifications, DealVDR has a series of security features that ensure data stored in its virtual data rooms stays confidential:

• data stored in the data rooms is encrypted with the highly secure 256-bit AES encryption
• granular user permissions allow administrators to decide exactly how each user can interact with each document
• two-factor authentication adds an extra layer of security for user data room access
• audit trails make it possible for admins to know exactly what each user has been doing in the VDR
• customizable watermarks discourage users from sharing documents outside the data room

Besides the security features which ensure data protection, DealVDR offers its customers document and user management features. These tools make it easier and quicker to organize and share information with the right people in the virtual data room. Here are a few DealVDR features:

• Add without access. This feature allows the admin to stage a user permission, so that before you actually give that person access to your data room, you can make sure you granted them the right permissions
  
• User impersonation. This “view as” tool allows the admin to quickly know what a specific user can see and do in the data room
• Perpetual access to user analytics. This guarantees you can keep the records of user activity for as long as you like
• Various upload options. As admin, you can choose whatever option suits you best — uploading documents onto the data room by email, by mobile, by dragging and dropping from your computer, or in other ways