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
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.