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ansarada Virtual Data Room

4.6
(8 reviews)

Virtual Data Room designed exclusively to simplify M&A

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ansarada Virtual Data Room Reviews

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ansarada review by User in Financial Services
User in Financial Services
Validated Reviewer
Review Source

"Ansarada VDR usage for Due DIlligence"

What do you like best?

The interface was very easy to use. It is much more intuitive compared to other VDR providers. They also seem more willing to negotiate when compared to other providers. Better interface at a cheaper price than the market

What do you dislike?

Nothing in particular. I think Ansarada is as good as the top VDR providers, except maybe a less powerful brand name which matters to some investment banks.

Recommendations to others considering the product

Ease of interface is the best in the industry with about average price point for the industry. If you are looking to share the dataroom with users that are not familiar with due diligence then this is best choice, For example, if a start-up is going through M&A then it would be the best choice because it is more likely then not that the startup team would not be as familiar with VDRs compared to a Private Equity firm or Investment bank.

What business problems are you solving with the product? What benefits have you realized?

Security when performing due diligence for M&A activity. Particularly with Financial due diligence

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ansarada review by James M.
James M.
Validated Reviewer
Verified Current User
Review Source

"Fast and easy solution for a Private Equity Firm's Data Room"

What do you like best?

Nice, clean interface. It was very easy to get started and configured. We alredy understood what a dataroom was for, so we didn't need any ramp time on the concept. Very easy to configure folders and upload content. We were able to organize our data exactly the way that we wanted to. Security is fine-grained, so we are able to have multiple levels of access for our potential investors. Folks that are ready to do detailed due-diligence can get one level, while tire-kickers can be given more limited access. Good reporting interface on user activity. It will "auto-number" your skeleton of folders for you -- or you have the opportunity to use your own numbering scheme (which we did).

What do you dislike?

No native iOS or Android app. So it's a bit klunky to use when you need to get somebody new access while hustling between planes. Would like a more flexible "contact management" system so that we could personalize the intro emails that get sent out. This is probably more of an issue for Private Equity shops as opposed to Investment Banks selling a company. While an Investment Bank might give 20 people access to a data room -- we have the potential to give HUNDREDs of people access. Would prefer to be able to add contacts in a nice interface and then have the login emails customized to say "Welcome [Jane Doe], yadda, yadda, yadda".

Recommendations to others considering the product

Very easy to do a trial of the software -- so do it. Much nicer interface as compared to the older products like RR Donnelly

What business problems are you solving with the product? What benefits have you realized?

We use ansarada to provide our potential investors will secure, controlled and logged access to our investment data -- returns on deals, financial models, team bios, reference lists, company presentation. There are any number of "classic" platforms for this -- and they are all pre-Web 2.0 -- clunky, terrible graphics, they look like Internet Explorer circa 1995. Ansarada is sleek and modern -- like us ;) You could write your own platform using something like Squarespace, or create folders in DropBox -- but don't . You'll want the control and detailed reporting that you get from ansarada.

What Virtual Data Room solution do you use?

Thanks for letting us know!
ansarada review by User
User
Validated Reviewer
Review Source

"Senior Paralegal"

What do you like best?

This dataroom was easy to use and my favorite data room provider. The pricing is reasonable and the customer service is great. The sales team responded to my questions and concerns quickly.

What do you dislike?

I can't think of what I disliked about this program.

Recommendations to others considering the product

This is great for a small company to use if they need a data room. The price is very reasonable and gets the job done.

What business problems are you solving with the product? What benefits have you realized?

We used this to close a sales transaction and it went smoothly.

ansarada review by Administrator in Real Estate
Administrator in Real Estate
Validated Reviewer
Verified Current User
Review Source

"An easy and efficient online tool to manage and track all movements in a retail transaction"

What do you like best?

The data room is very helpful during a DD process as you can track all movements of every user to clarify whether documents have been opened.

Its very easy to use and efficient for uploading new documents.

What do you dislike?

There is nothing I dislike about this product.

What business problems are you solving with the product? What benefits have you realized?

Its a safe and trustworthy environment for sharing documents with the public. The security settings allow private information to be kept secure and removed from any computer when requested.

ansarada review by Stephen L.
Stephen L.
Validated Reviewer
Review Source

"Intuitive and easy to use"

What do you like best?

Simple, straightforward menu options and functionality.

Very responsive support service if you need it.

Prepackaged reports provide the information I need.

Full traceability of document access and Q&As available to administrator.

Easy to select, multiple role types for people accessing the data room.

What do you dislike?

There was nothing I dislikes. It was the first time I had used a virtual data room and would be happy to use Ansarada again.

Recommendations to others considering the product

Try it!

What business problems are you solving with the product? What benefits have you realized?

Allows efficient management of a due diligence process across multiple cities without the need for a paper data room and with full traceability of document access and Q&As.

ansarada review by User in Computer Software
User in Computer Software
Validated Reviewer
Review Source

"A efficienct, easy to use product"

What do you like best?

The data room is very easy to use, has a clean look, and most importantly it just works.

What do you dislike?

You definitely get what you pay for and I have no real complaints. I guess the only thing would be that I would prefer if the price was lower.

Recommendations to others considering the product

Definitely give it a shot, the only other solutions I have used were proprietary and ansarada beats them handsdown

What business problems are you solving with the product? What benefits have you realized?

The business problem we solved was finding a way to securely share information during the due diligence phase.

ansarada review by Dana H.
Dana H.
Validated Reviewer
Review Source

"Positive"

What do you like best?

The ease at which you can move documents

What do you dislike?

Explaining how to use to clients as most have not used the product before

What business problems are you solving with the product? What benefits have you realized?

Ease of uploading and organizing

ansarada review by Matt P.
Matt P.
Validated Reviewer
Verified Current User
Review Source

"Ansarada Data Room Services"

What do you like best?

Well designed functionality.

Extremely helpful and responsive customer support 24/7.

Very cost effective.

What do you dislike?

No issues with functionality or support.

What business problems are you solving with the product? What benefits have you realized?

We are using Ansarada as a repository for data to support business transactions.

The offering has worked exceptionaly for all users on our account.

Kate from G2 Crowd

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