Merrill Datasite

Merrill Datasite
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What is Datasite?

Merrill Datasite is a recognized data room provider with outsourcing practices for data management and business communication. The company was founded in 1968 and is headquartered in Minnesota, USA. In addition to US locations, Datasite has branch departments in England, Sweden, Netherlands, Paris, Germany, Italy, Japan, China, Singapore, Australia, and Colombia.

The company was known as Merrill Corporation until it was rebranded to Datasite in 2020. Apart from a new name, the provider announced a digital transformation from a financial printer to SaaS-based technology for M&A participants.

As for clients, the data room is in demand among small, medium, and large businesses across the world. The most significant segments are financial institutions, legal services, law firms, accounting, oil and energy, banking, healthcare, and industrials.

Merrill Datasite solutions

For a comprehensive approach to the entire M&A lifecycle, including the post-merger integration, Merrill Datasite embraces leading-edge solutions such as Datasite Outreach, Datasite Prepare, Datasite Diligence, Datasite Acquire, and Datasite Experience.

1. Datasite Outreach

It’s a deal marketing technology integrated into the rest of the data room suite. The tool lets you track potential buyers and investors in a simple interface, providing bulk email and watermarks to keep in touch with hundreds of contractors simultaneously. In addition, detailed analytics gives a picture of buyer engagement and market dynamics.

2. Datasite Prepare

This solution makes it easy to structure data, redact confidential documents, and keep files categorized. As a result, a user does not have to do it manually while receiving organized, structured, indexed, categorized, and redacted information in a click.

3. Datasite Diligence

Datasite Diligence includes industry-leading features to improve due diligence and M&A performance. Customers can manage content and feature access, invite users in bulk, and benefit from intelligent redaction and feature-rich Q&A.

4. Datasite Acquire

This dedicated space is designed for the buyer’s due diligence side. Thus, the buyer’s repository is directly connected to the seller’s data rooms. Together, they have a central checklist, secure commenting and mentioning, and a dashboard with updates, findings, and milestones, streamlining the collaboration.

5. Datasite Experience

With this, you can benefit from the support of experts with half a century of dealmaking experience. By writing to them in the chat, customers receive help within a minute. But if you need some extra help, Datasite has a comprehensive dealmaker’s circle knowledge base with articles and videos on every aspect of financial transactions.

merrill data room

About Datasite virtual data room

The Datasite data room is a secure virtual space for streamlining due diligence and M&A process. The cutting-edge system is based on a highly efficient mechanism for sharing critical business information between parties. In particular, Datasite offers the following proven ways to reduce costs and time for deals: 

  • unlimited access to the platform worldwide
  • advanced communications via Q&A  
  • a file-level data room search engine
  • detailed real-time activity reports
  • a project management service
  • multilingual support staff

The platform has an intuitive folder structure and doesn’t require user training to navigate workspaces. But still, you may benefit from the personalized, group, and customized sessions in more than twenty languages. 

Launching Datasite takes three simple steps, regardless of company size and industry:

  1. First, companies schedule a call with a project manager, attend tutorials, organize documents on their computer, register for data room access, and upload data.
  2. After that, they can start the live installation phase – manage and organize files on the platform, create roles for access, and review virtual data rooms before launching.
  3. And finally, admins invite users and enjoy the smooth virtual data room operation, having a bird-eye view of their colleagues and partners’ activity.

Datasite data room features

The virtual data room features provide robust security, sophisticated analytics, advanced redaction tools, and efficient communication during transactions:

  • Project inbox.This innovation for Datasite customers enables sending documents directly from a user’s mobile phone. Thus, having received project files, users can send them to the project email. Admins, in turn, can see all the received data in the inbox on one screen.
  • Drag and drop. When files and folders are uploaded, the structure is retained. In addition, the platform supports uploading zip documents up to 50 GB.
  • Permissions. In real-time, you can cascade user and data permissions at the folder, document, or project level. Also, scheduling permissions in bulk is available regardless of how many users and data you have.
  • AI-based redaction. Image and text redacting integration streamlines work and saves time versus using third-party tools. Besides, artificial intelligence and automated redactions can find targeted redactions, which also speeds up tasks.
  • Search engine. A user can search data in 16 languages and get accurate results with built-in OCR.
  • Integrated Q&A. Setting up workflows, categories, and roles is quick and easy. Importing questions from Excel is also available with a further assignment of categories and priorities. For reporting and compliance, export data back to Excel.
  • Analytics. Advanced analytics with updates four times an hour helps stay one step ahead of buyers. In addition, the software generates scheduled reports with data, looks, and visual effects users want.
  • Smart tools. Datasite machine learning engine and AI tools trained on over three million files and efficiently help with folder suggestions, index creation, document insight, and more.

Datasite security

Merrill Datasite takes customer security responsibly and prioritizes it. Above all, the provider constantly invests in the best data protection mechanisms in the industry, such as follows.

Physical Security

  • securely running on Microsoft Azure
  • built-in data redundancy
  • key card access to all Datasite locations
  • supplier registration for premises access and escort by Datasite staff

Platform and content security

  • separate storage and maintenance of user data, apps, and logs
  • encrypted passwords
  • backup and end-to-end encryption of customer data
  • capturing and analyzing all activities in real-time
  • reverse proxy and multilayered network for perimeter protection
  • purging documents 30 days after closing the virtual data room
  • TLS 1.2 encryption for data in transit
  • AES256 encryption for data at rest

Application security

  • watermark protection against unauthorized copying
  • word-level access control with the built-in redaction
  • setting permissions before inviting users
  • periodic password reset automatically
  • two-factor authentication
  • biometric security on a cell phone
  • permission management on a mobile device
  • multi-factor authentication with an extra layer of verification
  • information rights management
  • single sign-on


  • ISO 27001
  • ISO 27017
  • ISO / IEC 27018
  • SOC2 Type II

Global privacy

  • General Data Protection Regulation (GDPR)
  • Australian Privacy Principles (APP)
  • California Consumer Privacy Act (CCPA)
  • data hosting only in source regions (Australia, USA, Germany)

Datasite for Australian businesses

Before moving on to virtual data room use cases in Australia, the remarkable local capabilities are worth noting. For instance, in 2020, the provider launched Datasite Australia hosting, therefore expanding its sales staff and customer service. 

Australian companies can now make deals faster with sensitive data security, the Australian Privacy Principles compliance, and Datasite expert support. And additionally, here’s what Merrill Corp Datasite can help with:

  • capital raising – monitoring investor engagement to gain insights into their interest
  • acquisition due diligence – collaboration at speed and buy-side team productivity improvement
  • restructuring and financing – workflow optimization with all sensitive data in one place
  • portfolio company file sharing – easy and secure data sharing between executives and advisors within compliance
  • exit readiness – AI-based high-quality preparation of documents about a portfolio company for a SPAC, IPO, or sale
  • deal marketing – automated buyer outreach and tracking of LOI, CIM, and NDA in one place
  • business exits – seamless transition from business exit readiness to going live with investors

The provider’s biggest customers in Australia are Phocas Software, Aaa Pty Ltd, and Fillr.

Datasite pricing

The provider’s official website does not contain information about pricing plans and the service cost. However, you can contact the regional sales managers in North America, Latin America, Asia-Pacific, and the European, Middle Eastern, and African countries. Look up phone numbers for each region on the Datasite website. 

Datasite benefits 

All of the above features showcase the Datasite technology as industry-leading. Here is what makes it popular and widespread around the world:

  1. Project admins or the Merrill Datasite project management team have full control over security and access rights.
  2. The provider takes best-practice approaches to data security, implementing physical and platform mechanisms as a comprehensive preventive measure against risks.
  3. The client gets in-depth insights about business performance with the Datasite Diligence dashboard. 
  4. Multilingual technical support provides instant assistance 24/7 in managing the data room. But what sets it apart from the competition is the transactional advice service from seasoned experts.
  5. Despite the wide range of advanced features, virtual workspaces are user-friendly and hardly require training. Datasite iOS and Android mobile apps are also easy to use and help stay in the know wherever customers are.

Learn More About

Merrill DataSite features

Industry Solutions
Biotech Licensingyes
Board Portalsno
Clinical Studiesno
Debt Financingyes
Distressed Real Estateno
Document Repositoryyes
Due Diligenceyes
Hedge Fundsno
IPO & Exitsyes
M&A Buy Sideyes
M&A Sell Sideyes
Post Mergerno
Private Equityyes
Procurement Managementno
Files & Folders Management
File Formats SupportedAny file types can be uploaded. PDF and MS Office files can be viewed, any other file types must be downloaded to view
Automatic Numerical Indexing of Files & Foldersyes
Drag & Drop Upload of Multiple Files and Foldersyes
Desktop Synchronizationno
Archives Upload & Extractionno
Export of Data Room Index to Excelyes
Document Version Controlno
Multilingual Documents Indexno
File Protection & Digital Rights Management
Granular Document Permissionsyes
View-Only Accessyes
Prevention of Download, Print and Copyyes
Remote Shredding of Documentsno
Customizable Document Watermarksyes
Secure Fence Viewno
Document Access Expiryno
256-Bit SSL/TLS Encryptionyes
Data at Rest Encryptionyes
Data Hosting & Infrastructure Security
99.9% Uptime Guaranteeyes
ISO 27001 Certifiedyes
SOC 2 Certifiedno
SSAE 16 Certifiedno
Data Backupyes
Virus Scanningno
Access Security
Two-Factor Authenticationsyes
Mobile Device Managementyes
Granular User Permissionsyes
Permission Groupsyes
Access Expirationyes
Access Limitation by IP Addressno
Accessibility & Ease Of Use
No Pluginsno
Scroll-Through Web-Based Document Vieweryes
Web-Based Excel Spreadsheets Vieweryes
iOS Applicationno
Android Applicationno
Mobile Device Interfaceno
User Interface LanguagesEnglish
Search, OCR & Filters
Search by Nameyes
Search by Content (Full Text Search)yes
OCR (Optical Character Recognition)no
Filtering by Parametersno
Collaboration Features
Basic Questions & Answers Moduleno
Advanced Questions & Answers Moduleno
Secure User Messagingno
New Document Email Notificationsyes
Files & Folders Notesno
Activity Tracking & Reporting
Tracking of All User Activityyes
Real-Time Audit Trailyes
Graphic Reportsno
Exporting Reports to Excelyes
Tracking of Document Viewing Timeyes
Scheduled Reports (Sending to Email)no
Branded User Interfaceyes
Custom Domainno
Custom Login Pageno
Custom User Invitation Letteryes
Custom Agreements for Accessing Data Roomno
Active Directory Integrationno
Single Sign-On Integrationno
Customer-Managed Encryption Keysno
Integrations Through APIsno
Custom Workflows and Featuresno
Support & Services
Business Hours Supportyes
24/7 Email Supportyes
24/7 Phone & Email Supportyes
Online Help Centerno
Live Trainingsno
Dedicated Project Managerno
Data Room Archive on DVD or USB Driveyes
Translation Servicesno
Support Languages:English
Deployment Options
Cloud (Web-Based)yes
On-Premise (Installed)no
Multiple Datacenter Locationsyes
Trial & Pricing
Free Demoyes
Free Trial:14-day trial
Price:ANNUAL: $200/month, 3 MONTH PLAN: $300/month, 1 MONTH PLAN: $400/month
Company Info
Locations:United States
Employees:no data
Clients:LogicMonitor, AppScale Systems, AcuFocus, Inc., PlantForm, Sovance, LLC, Strategic Finance, Tracon Pharmaceuticals, Ansible Works, Clean Diesel Technologies, Lastline, Inc, Inogen, The Corum Group, Stradling Yocca Carlson & Rauth