Ansarada
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| Ansarada | |
| Company type | Public |
| ASX:AND | |
| Industry | Technology |
| Founded | 2005 |
| Founders | Andrew Slavin (CTO) Sam Riley (CEO) Rachel Riley (CFO) Daphne Chang |
| Headquarters | Sydney, New South Wales, |
Number of employees | 199 |
| Website | https://www.ansarada.com/ |
Ansarada Group Limited (Ansarada) is an Australian software company headquartered in Sydney that provides cloud-based solutions for mergers and acquisitions (M&A), infrastructure procurement [1], and broader transaction management. Its platform is used globally by companies, advisors, and governments to streamline deal workflow, manage virtual data rooms, and leverage AI-powered tools for risk reduction and compliance. The platform is designed to enable faster, more confident decision-making with reduced risk and increased transparency.
History
[edit]Ansarada was founded in 2005 in Sydney, Australia. The company initially gained recognition for its virtual data room technology tailored to the M&A market. Over time, it expanded its capabilities to include broader deal workflow automation, procurement infrastructure, and AI-driven tools for high-stakes business processes. In February 2020, Ansarada listed on the Australian Stock Exchange. In August 2024, Datasite Global Corporation completed its acquisition of Ansarada Group Limited (ASX:AND) [2]
Structure
[edit]Ansarada employs about 200 people and has offices in Sydney, Chicago, New York City, London, Amsterdam, Frankfurt, Johannesburg, and Hong Kong, with a development center in Ho Chi Minh City.
The four founders and some employees own about 80 percent of the company with a group of investment bankers and lawyers who own 20 percent.[citation needed]
Products
[edit]Ansarada Deals
[edit]Ansarada’s flagship product, Deals, is an end-to-end platform designed to support every phase of the M&A lifecycle. It includes modules for deal marketing, deal preparation, due diligence, integration, and post-merger integration. The platform integrates AI tools to assist with document analysis, redaction, bidder engagement, and workflow optimization.
Ansarada Procure
[edit]Procure is a procurement management platform developed for complex infrastructure projects, particularly those involving public-private partnerships. It offers a central hub for all project data, including secure document sharing, locked box bidder submissions and tracking, evaluation tool, automated two way Q&A processes, and compliance and audit trails monitoring throughout the project lifecycle.
Business Model
[edit]Ansarada operates on a Software-as-a-Service (SaaS) model, with customers able to purchase and activate services online. The platform is widely used by investment banks, legal advisors, corporate development teams, and government procurement officers for managing confidential and time-sensitive information in a secure and auditable environment.
AI-Powered Virtual Data Rooms
[edit]Ansarada Virtual Data Rooms (VDR), presented in 2017, is for letting users to know, raise and realize their potential.[3]
AI Bidder Engagement Scoring
[edit]Sell-side users of Ansarada Rooms can view an AI Bidder Engagement Score that assigns a numerical value to the likelihood that each potential bidder will make an offer. It predicts who will win and tells sellers who is interested. The AI Bidder Engagement Score is calculated using a machine learning algorithm that takes into account the performance of 57 separate metrics over time.[4]
AiDA
[edit]AiDA, an acronym for Ansarada Intelligent Data Assistant, extracts on-demand insights and data based on activity within an Ansarada Room. Users interact with AiDA through a chat interface available for iPhone through the iTunes App Store.[5] The virtual assistant uses Natural Language Processing to understand user requests.[6]
Mission and Philosophy
[edit]Ansarada’s mission is to be the most customer-centric company on the planet, focused on raising and protecting organizational potential—one strategic project at a time. The company envisions a world where every organization, regardless of size or stage, can grow with confidence, act with certainty, and realize its full value through intelligent, secure technology.
Rooted in a philosophy of "order amid chaos," Ansarada positions its platform as the antidote to disorganized, high-risk processes. Through simplified digital tools and secure workflows, the company aims to bring structure to complex business environments—empowering companies, governments, and their advisors to make informed, confident decisions.
Impact
[edit]As of 2025, Ansarada’s platform has been used in over $1 trillion in deal value has been transacted on the Ansarada platform. [7] It is recognized for helping clients achieve transparency, compliance, and operational efficiency in high-stakes projects.
Culture and Recognition
[edit]Ansarada is renowned for its people-centric and purpose-driven workplace culture. The company has been consistently recognized as a Great Place to Work, achieving certification for over a decade. In 2023, Ansarada was ranked among Australia's Best Workplaces in Technology by Great Place To Work Australia, with 97% of employees affirming it as a great place to work. [8] Additionally, Ansarada secured the 8th position in Great Place To Work Vietnam's 2023 list [9] , highlighting its commitment to fostering connections, collaboration, and growth within its teams.
The company's culture emphasizes shared values such as embracing wonder, loving the customer, and being comfortable with conflict. Ansarada supports employee well-being through initiatives like flexible working arrangements, learning and development programs, and community engagement activities [10]. These efforts contribute to a high-trust, high-performance environment that prioritizes employee growth and satisfaction.
RaaS and the Material Information Platform
[edit]In October 2017, Ansarada launched the world's first Material Information Platform to deliver Readiness as a Service (RaaS)[11] The platform uses technologies in artificial intelligence and machine learning to help businesses be ready for their most important outcomes by structuring their material information correctly, assigning accountability to people and tracking progress with an objective score of readiness.[citation needed]
References
[edit]- ^ "How Local Tech Companies Use AI to Drive Decision-Making". Built In Chicago. Retrieved 24 June 2021.
- ^ IQ, S&P Capital (28 August 2024). "Datasite Global Corporation completed the acquisition of Ansarada Group Limited. | MarketScreener". www.marketscreener.com. Retrieved 19 June 2025.
- ^ "Rooms with AI Tools - Outsmart the Smart Guys | Ansarada". Ansarada. Retrieved 13 November 2017.
- ^ "AI Deal Software - Use AI & Machine Learning In Finance | Ansarada". Ansarada. Retrieved 13 November 2017.
- ^ "AiDA by Ansarada on the App Store". App Store. Archived from the original on 13 November 2017. Retrieved 13 November 2017.
- ^ "Meet AiDA: A Revolutionary Addition to Your Deal Team | Ansarada". Ansarada. Retrieved 13 November 2017.
- ^ "March 30, 2022 – The Australian Business Executive | A Deeper Look at Business & Government". Retrieved 27 January 2023.
- ^ "Ansarada". Great Place To Work Australia. Retrieved 19 June 2025.
- ^ "Ansarada". Great Place To Work Vietnam. Retrieved 19 June 2025.
- ^ "Culture". ansarada. Retrieved 19 June 2025.
- ^ "World's First Material Information Platform Launches | Ansarada". Ansarada. 17 October 2017. Retrieved 13 November 2017.