Last update: January 22, 2024
FirmRoom Data Room

FirmRoom Data Room

Year Founded: 2012
Headquarters: Chicago

FirmRoom overview

FirmRoom is a Chicago-based virtual data room provider, established in 2012. It was launched along with DealRoom, its sister company.

Despite the fact that it just has one office in Chicago, the organization nonetheless has a significant domestic footprint as well as a foreign presence. Their service is available outside of the United States in other eight countries, including: 

  1. Australia
  2. Canada 
  3. India 
  4. the United Kingdom
  5. the Philippines 
  6. Brazil
  7. New Zealand 
  8. Mexico

FirmRoom software can be used across many industries while offering the most benefit and value to companies working in investment banking, real estate, and legal sectors.

This simple cloud-based service provides a dependable, user-friendly platform for businesses of all sizes and sorts. Investment banks, law firms, pharmaceutical corporations, and other businesses use the FirmRoom VDR.

Software Details
Local Centers
Live Chat
Online Help Center
Personal Manager
Live Training
Live Online
Free Trial
30 Days
Free Demo
Global Rating

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Software Advice

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The FirmRoom data room offers a flexible free trial period available to new customers, which is available upon request. It’s a 30-day trial, where you can try out two different plans. FirmRoom pricing is transparent, so you always know what you’re paying for and what to expect.

FirmRoom data room pricing is structured according to 3 flat-fee models including Standard, Pro, and Enterprise.

  • Standard. The Standard package includes 1 data room, unlimited administrative licenses and users, up to 10 GB of data storage and costs $500 a month, billed annually, or $650 a month if billed monthly.
  • Pro. This package includes 1 data room, 50GB data storage, unlimited data rooms, users, and administrative licenses and costs $800/mo when billed annually or $1000/mo when monthly.
  • Enterprise. It’s a custom option that can be tailored to your needs, which also comes with monthly or annual billing options: it’s approximately $3000/mo when billed annually or $3600/mo when monthly, however, it’s worth contacting the company’s representative to get a personalized quote. For this price, you’ll get 25+GB data storage, unlimited data rooms, administrative licenses and users.
security & hosting
Two-Factor Authentications
ISO/IEC 27001:2013 Certified
SOC 1 Certified
GDPR Compliant Certified
SSAE 16 Certified
Multiple Datacenter Locations
Access Expiration
Access Limitation by IP
HIPAA Compliant Certified
99.9% Uptime Guarantee
Data Backup
Virus Scanning
accessibility & ease of use
Scroll-Through Document Viewer
Web-Based Spreadsheets Viewer
Mobile Device Interface
Search Filter by Name
Filtering by Parameters
Automatic Numerical Indexing
Drag & Drop Upload
Archives Upload & Extraction
Document Version Control
Multilingual Documents Index
No Plugins
Search Filter by Content
Optical Character Recognition
Desktop Synchronization
file protection & user management
Granular Document Permissions
View-Only Access
Prevention of Download and Copy
Customizable Document Watermarks
Secure Fence View
256-Bit SSL/TLS Encryption
Granular User Permissions
Permission Groups
Remote Shredding of Documents
Document Access Expiry
Data at Rest Encryption
Mobile Device Management
activity tracking & reporting
Tracking of All User Activity
Exporting Reports to Excel
Real-Time Audit Trail
Graphic Reports
Tracking of Document Viewing Time
Scheduled Reports
collaboration features
Basic Q&A Module
Advanced Q&A Module
Secure User Messaging
Files & Folders Notes
New Document Email Notifications
Custom Domain
Custom Login Page
Custom User Invitation Letter
Active Directory Integration
Single Sign-On Integration
Managed Encryption Keys
Integrations Through APIs
Branded User Interface
Custom Access Agreements
Custom Workflows and Features
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firmroom features

FirmRoom is a straightforward but powerful VDR. This SaaS platform, powered by young and motivated staff, provides all the necessary capabilities for efficient work with massive amounts of documents. High-end user settings and features such as bulk upload/download, drag-and-drop, and quick document sharing are included in Firmroom VDR software.

Not to add that they adhere to ISO 27001 requirements. This data room solution is certified by SOC-2 and ISO 27001, as well as HIPAA, FINRA, and the SEC, and assures that your confidential corporate data is protected by military-grade data encryption.

FirmRoom delivers an easy and intuitive virtual data room, limitless storage, and all the necessary functionalities like bulk uploads and downloads, data analytics, immediate sharing with many users, and safe file viewing and editing, all in a single web-based format.

By simplifying the interface and maximizing feature arrangement, FirmRoom’s due diligence data room improves the user experience. The user interface is simple to navigate, and the virtual data rooms’ overall design is minimalist and modern. There are no plug-ins or extensions required, and the software shows the instruments in a very logical and easy manner.

firmroom for m&a

Firmroom is well-known for its sophisticated M&A virtual data room solutions, but it also offers services to small, medium, and big firms in a variety of industries. 

FinancesOnline awarded the company the “Rising Star” award in 2017. FirmRoom’s minimal, but effective set of features makes it an appealing pricing option for businesses.

FirmRoom is an excellent tool for managing the entire M&A process, from planning to due diligence through closing. It can also be a cost-effective solution for data-intensive operations that occur on a regular basis, such as corporate audits or onboarding and training new users. 

In comparison to other providers in the same price range, some consumers complain about FirmRoom’s lack of certain functionality.On the bright side, the FirmRoom virtual data room offers 24/7 customer support, which you can contact via phone, email, or a live chat. You can also reach out to the FirmRoom representative 24/7 and request a demo of how to use the platform.

firmroom’s updates

FirmRoom has introduced several updates to enhance user experience:

  1. Truncate titles. The new option allows users to automatically truncate lengthy titles to ensure smooth compression when downloading to Windows.
  2. Document text redaction. The feature enables users to redact text directly within the built-in document viewer.
  3. Downloading files. The provider improved the downloading files functionality, allowing users to select file formats, monitor progress, and work in other tabs without interruptions. This update provides users with more control and flexibility in managing their data.

What is the difference between FirmRoom and DealRoom?

Is there a difference between the pricing of FirmRoom and DealRoom?

What is the difference between the features provided by FirmRoom and DealRoom?

What is the target audience of FirmRoom and DealRoom?

What are the FirmRoom reviews?

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