About Ansarada Virtual Data Room

Ansarada Virtual Data Room is an artificial intelligence-enabled platform that helps businesses, deal or tender advisors and VC & PE investors manage acquisitions, mergers, portfolios, corporate transactions and more. With granular control functionality, the software lets administrators track, control and erase documents from any location inside or outside data rooms, ensuring security and compliance across the organization. 

Ansarada Virtual Data Room provides a tender platform with pre-built pathways for preparing and accelerating acquisition, divestment, fundraising, IPOs and other crucial deal workflows. Real-time reporting dashboards enable users to gain insights into deals, clients and activities and predict emerging trends to improve...


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Supported Operating System(s):

Web browser (OS agnostic)

27 Reviews of Ansarada Virtual Data Room

Average User Ratings

Overall

4.56 / 5 stars

Ease-of-use

4.5

Value for money

3.5

Customer support

4.5

Functionality

4.5

Ratings Snapshot

5 stars

(17)

17

4 stars

(8)

8

3 stars

(2)

2

2 stars

(0)

0

1 stars

(0)

0

Likelihood to Recommend

Not likely

Very likely

Showing 1 - 5 of 27 results

July 2019

Nancy from Ironstone Capital

Company Size: 11-50 employees

Industry: Investment Banking

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

5.0

July 2019

Review on Ansarada VDR

Ansarada is very user friendly for dataroom managers as well as viewers. Customer support is always extremely competent, and are able to provide a solution quickly or if not, at least able to identify whether something cannot be done. This has been very time efficient.

Pros

I love how user friendly and intuitive the platform is. You can tell that the developers really have the end-user in mind. There is a very good balance between security and use ability. This is not really something that I had appreciated until after I had used other platforms. Examples include: adding and setting up user groups, file security (not having to log in every single time to view an item), uploading documents and also the 24/7 access to support has been crucial to my job. The customer support team is always very quick to identify the issue and provide a solution, or pass the call onto someone who can assist.

Cons

Cost was probably the biggest hurdle, however I think that Ansarada have been able to overcome this with the user tier pricing which means that while prices are still higher, the gap is smaller and something that can be justified to our clients. I note that there was one stage where Ansarada were charging 3x more for a dataroom than their competitors. Additionally, it would be helpful if there was a function to bulk download new documents.

Reasons for Choosing Ansarada Virtual Data Room

More user friendly and better customer support

June 2019

Scott from TMT Partners

Company Size: 2-10 employees

Industry: Financial Services

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

4.0

Value for money

3.0

Customer support

5.0

Functionality

3.0

June 2019

Q&A

Good support, only issues is as mentioned above.

Pros

Good UX, mostly clear to use and functional

Cons

Q&A - Intralinks and various other data room operators have the ability to ask questions on behalf of 3rd parties, this is seriously helpful where they need the questions processed quickly or may not yet have full access to the data room. To counter this, I've had to make a fake account on behalf of a 3rd party to process questions in the past, which is an issue. Further, the fact that you need to be a Q&A administrator to see the name of the Question Author is quite ridiculous. For example in a sell-side process where there's more than one potential acquirer in the data room asking questions, unless the sellside client is an admin, i.e. if they are approver or author, they can't see who is asking the question which means it's very difficult to correctly direct an answer. This should be an option which you can enable. The only way around it is by adding a comment when approving and forwarding the question which is very manual and inefficient for the entire process.

Reasons for Choosing Ansarada Virtual Data Room

Because the client may have been using Intralinks or have used Intralinks in the past. However, mostly it is quite even and we are asked for quotes from a number of providers. With the issues in Q&A it is sometimes difficult to justify Ansarada over other providers.

August 2020

Kris from Ravinia Capital

Company Size: 2-10 employees

Industry: Banking

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

2.0

Value for money

2.0

Customer support

1.0

Functionality

4.0

August 2020

Not a fan of the direction this VDR is going

Our team has seen extensive changes with our point of contact at the company. The quality of service has seemed to declined since when we first started using this software and has gotten more expensive that it should have in comparison to other products that are available.

Pros

I am very comfortable with this software since we have been using it for a while. The added security features is a nice touch that some other options dont have.

Cons

Not intuitive, expensive for what you get, many individuals have complained about not being able to see PDF's due to settings the software requires each user to make on their computers.

Reasons for Choosing Ansarada Virtual Data Room

Ansarada was the main VDR we used when my team initially started working their but we have switched since to alternative products since then.

Response from Ansarada

Replied August 2020

Hi Kris, Sorry to hear you've had an unsatisfactory experience with Ansarada's Virtual Data Room. The concern you mentioned about viewing PDFs has been updated. We've introduced a new 'Preview' function which alleviates the pain you're experiencing. You can preview PDFs straight from the Document Index, without having to download the document. Previewing PDFs does not require any programs or plugins. Full details are here - https://help.ansarada.com/en/articles/2597663 Our pricing starts from US$39 per month per user and we purposefully offer flexible plans so that customers don't feel like they're paying for features they don't want or need. All our plans include training and 24/7 support from our knowledgeable team. Unfortunately, we can't guarantee that there won't be staffing changes from time to time. We would love the opportunity to win you back and show you the new functionality. One of our Client Success Managers will be in contact to arrange a demo. Thanks, Team Ansarada

June 2019

Leijie from Vesparum Capital

Company Size: 11-50 employees

Industry: Financial Services

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

4.0

Functionality

5.0

June 2019

Good and easy to use tool

Overall a very positive experience and would use again

Pros

Like its user friendliness and ability to manage multiple parties easily

Cons

Q&A online functionality could be better improved

Reasons for Choosing Ansarada Virtual Data Room

Have used previously so didnt want to upskill myself on a new product

June 2019

roy from Ironstone capital

Company Size: 11-50 employees

Industry: Financial Services

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

4.0

Customer support

5.0

Functionality

5.0

June 2019

Decent product

Pros

The ease of use and the 24/7 support was excellent. The security features and intuitive platform were also excellent.

Cons

The price compared to some competitors is sometimes hard to swallow (however I think overall it is incredibly worthwhile).

Reasons for Choosing Ansarada Virtual Data Room

More intuitive platform compared to other competitors.