Ansarada VDR
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:
| Bankruptcy | yes |
| Biotech Licensing | yes |
| Board Portals | yes |
| Clinical Studies | yes |
| Debt Financing | yes |
| Distressed Real Estate | yes |
| Document Repository | yes |
| Due Diligence | yes |
| Fundraising | yes |
| Hedge Funds | yes |
| IPO & Exits | yes |
| Litigation | yes |
| M&A Buy Side | yes |
| M&A Sell Side | yes |
| Post Merger | yes |
| Private Equity | yes |
| Procurement Management | yes |
| Restructuring | no |
| File Formats Supported | Any file format supported |
| Automatic Numerical Indexing of Files & Folders | yes |
| Drag & Drop Upload of Multiple Files and Folders | yes |
| Desktop Synchronization | no |
| Archives Upload & Extraction | no |
| Export of Data Room Index to Excel | no |
| Document Version Control | no |
| Multilingual Documents Index | no |
| Granular Document Permissions | yes |
| View-Only Access | yes |
| Prevention of Download, Print and Copy | yes |
| Remote Shredding of Documents | no |
| Customizable Document Watermarks | yes |
| Secure Fence View | no |
| Document Access Expiry | yes |
| 256-Bit SSL/TLS Encryption | yes |
| Data at Rest Encryption | no |
| 99.9% Uptime Guarantee | yes |
| ISO 27001 Certified | yes |
| SOC 2 Certified | no |
| SSAE 16 Certified | no |
| Data Backup | yes |
| Virus Scanning | no |
| Two-Factor Authentications | no |
| Mobile Device Management | yes |
| Granular User Permissions | yes |
| Permission Groups | yes |
| Access Expiration | yes |
| Access Limitation by IP Address | no |
| No Plugins | yes |
| Scroll-Through Web-Based Document Viewer | yes |
| Web-Based Excel Spreadsheets Viewer | yes |
| iOS Application | no |
| Android Application | no |
| Mobile Device Interface | yes |
| User Interface Languages | English |
| Search by Name | yes |
| Search by Content (Full Text Search) | yes |
| OCR (Optical Character Recognition) | no |
| Filtering by Parameters | yes |
| Basic Questions & Answers Module | yes |
| Advanced Questions & Answers Module | yes |
| Secure User Messaging | no |
| New Document Email Notifications | yes |
| Files & Folders Notes | no |
| Tracking of All User Activity | yes |
| Real-Time Audit Trail | yes |
| Graphic Reports | yes |
| Exporting Reports to Excel | yes |
| Tracking of Document Viewing Time | yes |
| Scheduled Reports (Sending to Email) | yes |
| Branded User Interface | yes |
| Custom Domain | no |
| Custom Login Page | yes |
| Custom User Invitation Letter | no |
| Custom Agreements for Accessing Data Room | no |
| Active Directory Integration | no |
| Single Sign-On Integration | no |
| Customer-Managed Encryption Keys | no |
| Integrations Through APIs | no |
| Custom Workflows and Features | no |
| Business Hours Support | yes |
| 24/7 Email Support | yes |
| 24/7 Phone & Email Support | yes |
| Online Help Center | no |
| Live Trainings | no |
| Dedicated Project Manager | yes |
| Data Room Archive on DVD or USB Drive | yes |
| Translation Services | no |
| Support Languages | English |
| Cloud (Web-Based) | yes |
| On-Premise (Installed) | no |
| Multiple Datacenter Locations | no |
| Free Demo | no |
| Free Trial | no |
| Price | Negotiable |
| Established | 2005 |
| Locations | United States, The Netherlands, Germany, China, South Africa, UK, Malaysia, Australia |
| Employees | 150 |
| Clients | ACRUX, 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 |
Liddell
Awesome. Best VDR out there.
I used to use Merrill/ Intralinks/ iDeals and now only ever use Ansarada. They have much better interface, Client Support & they have much newer functionalities that iDeals doesn’t have.
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.
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.
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.
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.