The HighQ data room is oriented towards large enterprises in the legal and financial industries. When logging into the HighQ data room, there is really nothing that jumps out at you right away that would separate it from other online data room providers. It offers the standard security features required by international organizations, but there is no feeling that it goes above and beyond to make sure that your data is secure. When you boil down to it, data security is really the main thing that you are looking for from a virtual data room.

It offers very useful features for handling M&A transactions such as a Q&A feature to manage bid offerings and questions, but there are still question marks in terms of its usefulness in this field. M&A transaction requires advanced Q&A modules and it requires high accessibility levels thus making all of the data that is contained inside readily available without having to add some plugins or other time consuming and unnecessary delays. In fact, this a common issues and finding a virtual data room provider that eliminates all of these hassles is very difficult.

HighQ offers to demonstrate how to use their data room, however, it not clear how dedicated they are to customer success. Finding quality support that will be there for you whenever you need them is hard to find, especially getting help in a language that is not English. Customer support is an important metric because it shows just how much the company cares about after they take your money and it is not yet whether or not this data room will provide live support or transfer your call to a robot.

Before using this data room, consider the complexity of your project. If you will require advanced customization, and collaboration features this might not be the way to go. Today’s M&A deals and due diligence require features that allow you to easily track all activity that goes on in the data room and will send you reports to give you the big picture. This way you will not get caught off guard by simple problems that could have been foreseen. From this standpoint, HighQ does not do a very good job. But, if your project is very simple or perhaps you only need a document repository, this could be a good fit for your project and your budget as well.

Features Checklist:

Industry Solutions
Biotech Licensingyes
Board Portalsno
Clinical Studiesno
Debt Financingno
Distressed Real Estateyes
Document Repositoryyes
Due Diligenceyes
Hedge Fundsyes
IPO & Exitsno
M&A Buy Sideyes
M&A Sell Sideyes
Post Mergerno
Private Equityyes
Procurement Managementno
Files & Folders Managementyes
File Formats Supportedyes
Automatic Numerical Indexing of Files & Foldersyes
Drag & Drop Upload of Multiple Files and Foldersyes
Desktop Synchronizationyes
Archives Upload & Extractionyes
Export of Data Room Index to Excelyes
Document Version Controlyes
Multilingual Documents Indexyes
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 Expiryyes
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 Certifiedyes
Data Backupyes
Virus Scanningyes
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 Pluginsyes
Scroll-Through Web-Based Document Vieweryes
Web-Based Excel Spreadsheets Vieweryes
iOS Applicationyes
Android Applicationyes
Mobile Device Interfaceyes
User Interface LanguagesEnglish
Search, OCR & Filters
Search by Nameyes
Search by Content (Full Text Search)yes
OCR (Optical Character Recognition)yes
Filtering by Parametersyes
Collaboration Features
Basic Questions & Answers Moduleyes
Advanced Questions & Answers Moduleyes
Secure User Messagingyes
New Document Email Notificationsyes
Files & Folders Notesno
Activity Tracking & Reporting
Tracking of All User Activityyes
Real-Time Audit Trailyes
Graphic Reportsyes
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 Letterno
Custom Agreements for Accessing Data Roomno
Active Directory Integrationyes
Single Sign-On Integrationyes
Customer-Managed Encryption Keysyes
Integrations Through APIsyes
Custom Workflows and Featuresyes
Support & Services
Business Hours Supportyes
24/7 Email Supportyes
24/7 Phone & Email Supportyes
Online Help Centeryes
Live Trainingsno
Dedicated Project Manageno
Data Room Archive on DVD or USB Driveno
Translation Servicesno
Support LanguagesEnglish, German
Deployment Options
Cloud (Web-Based)yes
On-Premise (Installed)yes
Multiple Datacenter Locationsyes
Trial & Pricing
Free Demoyes
Free Trialno
Company Info
LocationsUnited States, UK, The Netherlands, Germany, Australia, India

Product Reviews:

  1. Dashiell Micheal

    Clinical Operations Manager

    High q makes contract management very easy with the AI and detailed reports. We can see the big picture in the data room, which helps us make better data-driven decisions. Moreover, now we can invite clients and partners to the workspace to streamline and speed up processes.

  2. Gretta Bennie

    Head of Performance and Corporate Analysis

    We like Highq for its convenient and pleasantly looking interface. It is very straightforward, and even our the least tech-savvy employees could figure it out. Needlessly to say that our partners have no issues with it, too.

  3. Grady Lindsie

    Head of Systems and Data

    With Highq we could finally organize and streamline all the data-related processes. Now it is easy for us to work with documents within the company and with our partners. And since this data room can be accessed from mobile, all the processes get faster. We don’t have to wait for anyone to be at their PC.

  4. Dylan Aden

    Compliance Surveyor

    As a law firm, we share sensitive documents all the time. So High q is a great solution for us. It is secure and very simple to use. We ask our clients to upload their files to it, and none of them faced any problems using this data room. Also, we can communicate with clients in the data room, which accelerates the process.

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