Ansarada Data Room

Ansarada is geared specifically towards M&A transactions which is something that distinguishes it from the other data rooms out there. This is very refreshing given that some of the data rooms that we reviewed declared themselves to be the best in everything and in the end turned out to be “masters of none”. Let’s take a look at whether or not Ansarada has what it takes to handle modern M&A transactions.

Ansarada Data Room Review

Right off the bat, we see that Ansarada goes to great length to protect your data from hackers, viruses and other outside threats, however, it does not provide comprehensive protection against threats coming from within. In fact, it does not take a very complicated or technical scheme to cause an internal data breach. For example, one of the participants can simply take a picture of the computer screen with their phone and leak the information. While Ansarada does not offer protection from this kind of threats, there are some data rooms that offer “Fence View” which serves as a physical barrier between the document and the user thus preventing camera based attacks.

The granular access permissions inside Ansarada serve more as a security feature instead of facilitating the transaction. Basically, advance data rooms offer a deeper level of granularity that serves two purposes: security and streamlining business process. For example, let’s say that you uploaded an Excel spreadsheet into the data room, but you do not want the participants to see the formulas that were used for calculation. Some data rooms allow you to get such a deep level of granularity which does not force you to have to make a choice between security and business process.

As far as accessibility is concerned, it does not appear that Ansarada has thought this part through very well. For starters, it does not even offer a mobile app. This will make it increasingly difficult to access the information you need outside the office and given that a lot of business happens on the go, you are putting yourself at a disadvantage, business wise. The pace at which M&A processes happen nowadays does not allow you the luxury of waiting until you get back to the office or wherever you are traveling to. You need a data room that you can count on wherever your job takes you.

While the prices for Ansarada appear to be average, there is a feeling of incompleteness. While does attempt to occupy a particular niche in the data room market, it still has a long way to go. One of the reasons that business professionals like to use data rooms is because it gives them peace of mind and after using Ansarada there is not give you a feeling of complete security. For all of these reasons, it would be very risky to trust Ansarada with your M&A transactions. Once they fix all of the security flaws then they will really be on to something but as of today, they are not there yet. 

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 Languages:English
Deployment Options
Cloud (Web-Based)yes
On-Premise (Installed)no
Multiple Datacenter Locationsno
Trial & Pricing
Free Demono
Free Trial:no
Price:Negotiable
Company Info
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