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Merrill Datasite is a virtual data room that is used by investment banks, individual collateral firms, and law firms. It is just a cloud-based answer and can be used on desktops, tablets, and smartphones. It gives you visual stats for doc activity and allows you to customise settings. You can also set up fencing view, which restricts access to specific folders and files. The platform is suitable for medium and large size businesses and incorporates a free trial available.