BlogYou need a better Data Room? Compare 7 best Merrill Datasite alternatives

You need a better Data Room? Compare 7 best Merrill Datasite alternatives

Are you looking for reliable alternatives to Merrill Datasite for your data room needs in 2024? We've compiled a list of the top 8 data room software options to help you manage your due diligence and M&A processes with confidence and professionalism.

FeaturePapermarkIntralinksFirmexAnsaradaBoxSecureDocsShareVault
Unlimited Data Room Creation✔️
User Access Control✔️✔️✔️✔️✔️✔️✔️
Self-Hosted✔️
Custom Domains and Branding✔️✔️✔️✔️
Pricing for Data Room$$$$$$$$$$$$$$

Full comparison at the end of the article including features, customization for all tools.

Do You Need Specialized Data Room Software for Due Diligence?

As a business, you might wonder if you need specialized software to create an effective virtual data room for due diligence. Here's a straightforward answer:

No, You Don't Necessarily Need Specialized Software

  1. Use What You Know: Popular file sharing tools like Google Drive or Dropbox are often sufficient.
  2. Focus on Content: The strength of your due diligence lies in your documents and how you present them, not in fancy software.
  3. Keep It Simple: Clean, clear organization is more important than complex interfaces.

However, Specialized Tools Can Help

  1. Enhanced Security: Data room software offers advanced security features that protect sensitive information.
  2. Tracking and Reporting: Tools like activity tracking and audit trails are useful for monitoring engagement and compliance.
  3. Efficient Collaboration: Specialized software facilitates better collaboration with features like Q&A management and customizable permissions.

Bottom Line

  • Familiarize yourself with the tools available.
  • Prioritize your content and clear organization.
  • Consider specialized tools if you need advanced features or enhanced security.

Papermark Data Room - Merrill Datasite Alternative #1"

Website: papermark.io

Papermark

Papermark is a modern document sharing infrastructure designed for modern teams. Many businesses use Papermark for creating secure data rooms for due diligence and M&A processes.

Papermark Features

  • Custom branding and domains
  • Real-time tracking of document activity
  • Advanced security features
  • User-friendly interface
  • Freemium model available
  • Unlimited Data Rooms

Papermark Pricing

Website: intralinks.com

Intralinks

Intralinks is a robust data room solution designed for large-scale M&A and due diligence processes.

  • Advanced security and encryption
  • Comprehensive Q&A management
  • Customizable permissions
  • Audit trails and reporting
  • Contact for pricing

Firmex - Merrill Datasite Alternative #3

Website: firmex.com

Firmex

Firmex is a secure data room platform ideal for managing due diligence and M&A processes.

Firmex Features

  • Secure document sharing
  • Customizable permissions
  • Detailed activity tracking
  • 24/7 support

Firmex Pricing

  • Contact for pricing

Ansarada - Merrill Datasite Alternative #4

Website: ansarada.com

Ansarada website Ansarada is a data room platform that uses AI to streamline due diligence and M&A processes.

Ansarada Features

  • AI-powered document organization
  • Advanced security features
  • Q&A management
  • Real-time reporting

Ansarada Pricing

  • Contact for pricing

Box - Merrill Datasite Alternative #5

Website: box.com

Box website

Box is a cloud content management and file sharing service that can be used for due diligence data rooms.

Box Features

  • Secure file sharing
  • User-friendly interface
  • Integration with other tools
  • Mobile access

Box Pricing

  • Individual Plan: $10/month
  • Business Plan: $15/month per user

SecureDocs - Merrill Datasite Alternative #6

Website: securedocs.com

SecureDocs website SecureDocs is a straightforward and secure data room platform for due diligence and M&A processes.

SecureDocs Features

  • Secure document sharing
  • Customizable permissions
  • Audit trails
  • Simple pricing model

SecureDocs Pricing

  • Standard Plan: $250/month

ShareVault - Merrill DataRoom Alternative #7

Website: sharevault.com

ShareVault

ShareVault offers a secure data room solution for due diligence, M&A, and other business processes.

ShareVault Features

  • Secure document sharing
  • Advanced security features
  • Customizable branding
  • Detailed reporting

ShareVault Pricing

  • Contact for pricing

Comparison table for Merrill Datasite Alternatives

FeaturePapermarkIntralinksFirmexAnsaradaBoxSecureDocsShareVault
Document Sharing✔️✔️✔️✔️✔️✔️✔️
Data Room Creation✔️✔️✔️✔️✔️✔️✔️
User Access Control✔️✔️✔️✔️✔️✔️✔️
Activity Tracking✔️✔️✔️✔️✔️✔️✔️
Self-Hosted✔️
Custom Domains and Branding✔️✔️✔️✔️
Freemium✔️
Pricing$$$$$$$$$$$$$$
24/7 Support✔️✔️✔️✔️✔️✔️✔️
Mobile Access✔️✔️✔️✔️✔️✔️✔️
Q&A Management✔️✔️✔️✔️✔️
Advanced Security Features✔️✔️✔️✔️✔️✔️✔️
Document Versioning✔️✔️✔️✔️✔️✔️✔️
Drag and Drop Upload✔️✔️✔️✔️✔️✔️✔️
Customizable Permissions✔️✔️✔️✔️✔️✔️✔️
Audit Trails✔️✔️✔️✔️✔️✔️✔️

Lern more about (Unlimited Data Rooms plan)

Conclusion: Best Merrill Datasite Alternatives for Data Rooms

For those seeking the best alternatives to Merrill Datasite for data rooms, Papermark stands out as a top choice. It offers comprehensive features such as document sharing, custom branding, and real-time tracking at a competitive price. While other tools like DocSend, Intralinks, and Firmex provide robust features, Papermark excels in offering a versatile and cost-effective solution for managing due diligence and M&A processes. Its user-friendly interface, combined with advanced security and customization options, makes it a strong contender for businesses looking to streamline their data room operations.

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