Sydney-based virtual data room provider focuses exclusively on M&A deals hosted in Ansarada VDRs. According to statistics, just less than three quarters — to be exact, 71% of UK executives — admitted that their mergers and acquisitions deals have been delayed due to a loss of critical data. That’s where a good data room comes to help. This data room platform is simplified to the bare minimum to make it easy even for non-tech bankers to navigate it with ease.
Ansarada data room will suit the needs for the very beginner thanks to its easy to configure document structure and one-click upload content. Users can organize data room contents exactly how the business processes require. Thanks to granular security policy, potential investors, legal teams and other people involved in the deal can be kept separate and invisible to each other. This VDR has decent reporting tools and support is helpful.
A major drawback is the lack of iOS and Android apps which is certainly a challenge for those who want to manage their deals while traveling. Communication cannot be personalized, which can be a problem when more than 200 people are viewing and communicating over data in a particular VDR. Overall, it’s a good choice for a deal that is not too complex.