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Home - Brainloop Secure DataRoom
Brainloop data room review

Brainloop Secure DataRoom

Brainloop Secure DataRoom
Brainloop data room review
  • About Brainloop
  • Product Overview
  • Pricing
  • Integration
1.5
Overall Rating
Based on 9 reviews
Last Reviewed on Aug, 29, 2022

Intro

Brainloop is a secure data room solution founded in 2000 in Munich, Germany. The company was later acquired by Diligent corporation in 2018.

Brainloop data room solutions allow for secure and efficient remote collaboration with internal teams and external business partners and stakeholders. Companies can share sensitive information and confidential documents required for M&A deals, due diligence, and other business transactions.

brainloop product brainloop product screenshot
Contact Details
Year Founded 2000
Website www.brainloop.com

Product Overview

Brainloop virtual data room stores customer data in high-security data centers located in Germany, which makes it one of the few data room providers that store data locally.

Brainloop’s solutions enable fast and secure deal-making collaborations by improving communication across all parties while maintaining a secure virtual environment. They can be deployed in a wide range of industries, including healthcare, legal, biotech, investment banking, and others.

Brainloop data room use cases include M&A deals, board communications, biotech out-licensing, intellectual property protection, property management, and financial service provider teamwork.

Some of Brainloop’s key clients encompass Foursquare, Twitter, the European Space Agency, and Allianz.

Brainloop’s data centers are ISO/IEC 27001:2013 certified, ensuring a strict security policy that meets your expectations.

Brainloop Secure DataRoom Product Details

Average Users' Ratings
Overall:
1.5
Ease-of-use:
1.6
Value for money:
1.2
Customer Support:
1.6
Functionality:
1.5
Provider's Features Rating
Overall :
1.5
Document Management:
1.6
Access Security:
1.7
Activity Tracking & Reporting:
1.2
Search, OCR & Filters:
1.3
Data was gathered from our users' reviews and data from G2 and Capterra.

Brainloop Pricing

Brainloop DealRoom pricing is quote-based, so you need to contact a sales representative from the customer service portal and discuss your requirements and how many users will use the virtual data room. These criteria will define the price of your customized package.

It’s also worth noting that Brainloop offers a free trial that lets you get a hands-on experience using the product.

Brainloop Integration

Brainloop software can be integrated with various applications, allowing you to optimize your workflows to save time and effort. These include:

  • Microsoft 365
  • Microsoft Sharepoint
  • Grape

Features of Brainloop

Brainloop offers four data room software solutions for different use cases. These include the following.

Brainloop DealRoom

Brainloop DealRoom is a virtual data room solution that keeps your company’s confidential documents secure during confidential transactions. Here are some of its highlight features:

  • High level of security. With industry-leading encryption and two-factor authentication, Brainloop DealRoom is as secure as a private bank.
  • Integrated rights management. Control document access effortlessly and keep track of all the activities in the data room.
  • Easy to get started with. Thanks to the auto-population feature, DealRoom is easy to get started with. You don’t need to install any software or plug-ins to run the software.

Brainloop MeetingSuite

Brainloop MeetingSuite is a board management software solution that streamlines board meeting schedules and material sharing. Here are its key features:

  • Access controls. MeetingSuite enables you to change access permissions for each document and user.
  • Efficient workflows. You can automate tasks with MeetingSuite’s efficient workflows. Set up a workflow and let it handle repetitive tasks for you forever.
  • Top-notch security. Using MeetingSuite, you can share meeting materials confidently without worrying about security issues.
  • Access the platform remotely. Whether you’re at home, overseas, or at the office, you can access MeetingSuite’s interface from your laptop or your phone with the included iOS app.
  • Audit trail. The software automatically traces and logs all changes so you can stay updated.

Brainloop BoardRoom

Brainloop BoardRoom is a software solution that facilitates board communication. Here’s how it can be beneficial:

  • Compliance certification. Brainloop BoardRoom adheres to high-profile compliance requirements, ensuring that your operations are handled securely in a regulated and compliant virtual environment.
  • Improved decision making. Brainloop’s BoardRoom features a single dashboard that contains all the information you need to make better business decisions.
  • Efficient meeting planning. BoardRoom digitizes all meeting processes, which significantly increases their efficiency.
  • Simplified access. Using BoardRoom, you can view, add, edit, or delete meeting documents from lots of mobile devices.

Brainloop CollaborationRoom

Brainloop CollaborationRoom is a software solution that keeps information exchange secure during collaboration on internal and external projects and deals. Its top selling points are:

  • Secure collaboration. You can keep large data volumes accessible and shareable without compromising security.
  • Operator protection. It allows for enabling multiple layers of defense against malicious operators, and therefore ensuring maximum security.
  • Compliance: Brainloop CollbarationRoom is compliant with all standard policies recognized worldwide.

Brainloop pros:

  • Document organization is top-notch.
  • Links are protected with a unique ZIP code.
  • Lots of solutions in a single package are available.

Brainloop cons:

  • With so many features, operating the data room sometimes gets unnecessarily complicated.
  • The login process can be daunting.

Reasons to choose the Brainloop virtual data room

  • Comprehensive software solution. From sharing documents to scheduling meetings and collaborating, Brainloop data room is an all-in-one solution for supervisory board communication. It’s essentially the swiss army knife of virtual data rooms!
    
  • Top-grade security. Protect your sensitive data and confidential files with Brainloop’s military-grade security and complete encryption protocols that ensure highly secure collaboration, along with two-factor authentication acceptance and dynamic watermarking.
    
  • Efficient storage space management. Keep your documents organized without running out of storage with the robust Brainloop data management system.
    
  • Easy collaboration. From property transactions to Q&A discussions with graphical reports and Microsoft 365 integration, sharing confidential information with Brainloop virtual data room is pretty convenient.

Users’ reviews

  1. Overall Rating:4
    29.08.22

    Brainloop virtual data room has made it easier for us to share confidential data across various devices without worrying about data breaches. It’s fast, easy to use, and integrates nicely with Microsoft Office. Important documents are easy to organize, and the access controls can be quite handy. We also use the Brainloop data room to schedule our board meetings and share key meeting materials before and after the meeting.

    M

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    Mike . *
    Industry: Other
    Market Size: Mid-market
    Review Source: Capterra
  2. Overall Rating:4
    27.08.20

    I can’t really say anything bad about this data room. It’s simple and easy to use, and it’s good overall. There are more advanced solutions, but if you need something basic, Brainloop might be a good choice.

    J
    Jonathan A. Financial Advisor
    Industry: Accounting
    Market Size: Mid-Market
    Review Source: Capterra
  3. Overall Rating:4
    28.07.20

    We’re using Brainloop in our real estate agency to share documents on properties with potential buyers. This data room allows us to do this securely and make sure the buyer is actually interested in the purchase. Therefore, since we’ve adopted Brainloop, our agents return from almost every trip to properties having a closed deal.

    M
    Margie M. Financial Administrator
    Industry: Investment Banking
    Market Size: Low-Market
    Review Source: Capterra
  4. Overall Rating:5
    11.03.20

    Brainloop is easy to use and offers all the basic features I need. There is nothing special about this data room but I feel comfortable using it.

    C
    Curtis L. CFO
    Industry: Investment Banking
    Market Size: Mid-Market
    Review Source: Capterra
  5. Overall Rating:4
    11.09.19

    Brainloop data room is definitely not the most advanced solution. But it fits our needs because we honestly don’t require many tools to work with our documents. We use this data room to perform basic data exchange with our partners. And so far this provider works well for us.

    F
    Ferdie O. CEO
    Industry: Financial Services
    Market Size: Low-Market
    Review Source: Capterra
  6. Overall Rating:5
    23.08.19

    I like that Brainloop data room doesn’t require to install any software or additional plugins. It is very easy and quick to set up and to use. We’re using it to exchange data with our clients, and I like that they don’t have issues using it. Also, we can track their activity, which is useful.

    N
    Neal R. Principal/Consulting CFO
    Industry: Financial Services
    Market Size: Low-Market
    Review Source: Capterra
  7. Overall Rating:5
    23.07.19

    We’re using Brainloop data room for the internal data exchange. And so far it works well for these needs. However, I realize that there are other providers that offer more features and are more advanced. But perhaps, we don’t need anything more than Brainloop offers.

    Z
    Zeph T. CFO
    Industry: Financial Services
    Market Size: Low-Market
    Review Source: Capterra
  8. Overall Rating:5
    11.06.19

    We could set up Brainloop data room very quickly. It’s really intuitive and easy to use for us. We’re using this service to participate in tenders, and it fits our needs. I especially like that there is a customer key for additional security.

    B
    Billie L. Database Management Specialist
    Industry: Financial Services
    Market Size: Low-Market
    Review Source: Capterra
  9. Overall Rating:5
    15.03.19

    My company is using Brainloop data room as a sell-side during the M&A. This service is not the best we could have, but we needed a solution quickly. And this provider was decent in terms of price and features it offers. Maybe we will switch to another vendor later.

    B
    Branden S. Chief Business Officer
    Industry: Financial Services
    Market Size: Low-Market
    Review Source: Capterra
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How to start work with Brainloop?
1.Request a free trial
To start using the Brainloop secure dataroom, you can request a free trial of the product on the company’s website.
2.Book a Brainloop VDR user training course
After making sure that the software is capable of delivering what you need, you can book a Brainloop VDR user training course to acquaint yourself and your team with the software’s interface.
3.Learn more about security
Throughout the course, you’ll be familiarized with the data room’s security features, as well as learn valuable insights on how to get the most out of the software. Booking a course is pretty straightforward via the company’s website, and once you book it, you can schedule a personalized webinar session for each of your team members.
4.Contact customer service
In addition, you can contact Brainloop’s customer support team whenever you face any difficulties using the software.
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