Ansarada was launched in 2005 and right from the outset it tried to establish itself as a player in the M&A transaction field. A lot of the virtual data rooms out there trying to attract as big of a customer base as possible, but  Ansarada has decided to focus exclusively on M&A transactions. With this in mind, you have to wonder how it will be able to accommodate other projects such as due diligence, case studies or simply storing files since these projects require a unique set of features. When shopping around for data room services, you have to take into account the specific needs of your projects and if you are not involved in an M&A transaction, perhaps this will not be the fit for you.

There are lots of things that ease lives of participants easier that speed up and facilitate processes, but again this is all limited to just M&A transactions. Such a limited scope really alienates a lot of users since it incorporates a one size fits all approach. For example, it would not be very useful as a data repository and exchange, making it useful for individual clients only.

Even though the Ansarada data room is now in its third edition, it offers a fairly standard set of services. There is not an active directory or single sign-on integration and it is not possible to integrate with the Ansarada data room through APIs. This really limits your customization potential since, very often, you need informational to be displayed a certain way in order to promote efficiency. Therefore, if you are looking for a secure data room with advanced customization and deployment options, your best bet would be to look elsewhere.

There are some reservations about its use friendliness as well. First of all, it does not offer a freed demo or trial, something that many virtual data rooms offer. How are you supposed to know what you are buying and whether or not it fits your needs if you cannot try it out before you buy it? Also, they do not offer live training to help you get adjusted to the data room so if you are having difficulties getting adjusted, you will have to call their support. While it is good that support is available around the clock, a lot of times you will have a simple question and having to spend time calling support really wastes a lot of time and not having an online help center does not do the customer any favors.

Features Checklist:

Industry Solutions
Bankruptcyyes
Biotech Licensingyes
Board Portalsyes
Clinical Studiesyes
Debt Financingyes
Distressed Real Estateyes
Document Repositoryyes
Due Diligenceyes
Fundraisingyes
Hedge Fundsyes
IPO & Exitsyes
Litigationyes
M&A Buy Sideyes
M&A Sell Sideyes
Post Mergeryes
Private Equityyes
Procurement Managementyes
Restructuringno
Files & Folders Management
File Formats SupportedAny file format supported
Automatic Numerical Indexing of Files & Foldersyes
Drag & Drop Upload of Multiple Files and Foldersyes
Desktop Synchronizationno
Archives Upload & Extractionno
Export of Data Room Index to Excelno
Document Version Controlno
Multilingual Documents Indexno
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 Encryptionno
Data Hosting & Infrastructure Security
99.9% Uptime Guaranteeyes
ISO 27001 Certifiedyes
SOC 2 Certifiedno
SSAE 16 Certifiedno
Data Backupyes
Virus Scanningno
Access Security
Two-Factor Authenticationsno
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 Applicationno
Android Applicationno
Mobile Device Interfaceyes
User Interface LanguagesEnglish
Search, OCR & Filters
Search by Nameyes
Search by Content (Full Text Search)yes
OCR (Optical Character Recognition)no
Filtering by Parametersyes
Collaboration Features
Basic Questions & Answers Moduleyes
Advanced Questions & Answers Moduleyes
Secure User Messagingno
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)yes
Customization
Branded User Interfaceyes
Custom Domainno
Custom Login Pageyes
Custom User Invitation Letterno
Custom Agreements for Accessing Data Roomno
Active Directory Integrationno
Single Sign-On Integrationno
Customer-Managed Encryption Keysno
Integrations Through APIsno
Custom Workflows and Featuresno
Support & Services
Business Hours Supportyes
24/7 Email Supportyes
24/7 Phone & Email Supportyes
Online Help Centerno
Live Trainingsno
Dedicated Project Manageryes
Data Room Archive on DVD or USB Driveyes
Translation Servicesno
Support LanguagesEnglish
Deployment Options
Cloud (Web-Based)yes
On-Premise (Installed)no
Multiple Datacenter Locationsno
Trial & Pricing
Free Demono
Free Trialno
PriceNegotiable
Company Info
Established2005
LocationsUnited States, The Netherlands, Germany, China, South Africa, UK, Malaysia, Australia
Employees150
ClientsACRUX, AFRICAN INVESTMENT BANK, AIRLINE, BDA, ASHURST, BANIF INVESTMENT BANK, CB RICHARD ELLIS, CANAMENS, BIOTA, CMB CAPITAL, CROWELL & MORING, CORERO NETWORK SECURITY, EXPERIAN, EMCORE, DUFF & PHELPS

Product Reviews:

  1. Tori Shaelyn

    Director of Technology

    We are using Ansarada data room for years almost since our company was created. This provider evolves and becomes more advanced over time. One of the latest big changes – the AI it very useful for us. We get a lot of useful data from it.

  2. Silvia Herbert

    Chief Financial Officer

    Ansarada data room is very simple and convenient. We use it for deals and audits, and we find it suitable for us. A couple of times, we’ve faced some issues, but the support team was very helpful and resolved the problem quickly.

  3. Trecia Amity

    Strategy and Operations Manager

    We choose Ansarada data room because of the artificial intelligence it offers. We wanted to have more insights in our deals. But other functions are rather useful, too. This software helps us to maintain the document flow and close deals much faster.

  4. Grant Kerr

    Chief Executive Officer

    Using Ansarada data room for due diligence for a couple of years, I find it to be a good fit for my company. It has a simple interface that is easy to understand even for those who interact with the data room for the first time. And the AI is very helpful.

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