While other players in the VDR market are trying to satisfy as many customers as possible, Ansarada focuses on one particular kind of clients, namely – on those involved in the execution of M&A transactions. Indeed, Ansarada states it was created exclusively for facilitation of deals between buyers and sellers. From the perspective of its functionality, this VDR is characterized by several pluses and minuses. Apparently, when it comes to merger and acquisition projects Ansarada simplifies the life of the both sides, of their advisors and analysts significantly as all the functions offer and the interface are designed in the way that speeds up and facilitates the entire process. However, the room seems to be not the best choice for other types of deals: Ansarada cannot be treated as a good platform for long-term data storage and exchange. Hence, it performs better when being utilized for individual deals.
Ansarada is an Australian company that emerged in 2005. Since that moment it tried to penetrate into the VDR market and to make an affirmative emphasis on the segment of M&A deals. As of today, their software had been released in its 3rd edition. However, the functionality of the platform remains standard and does not exceed the set of instruments required for successful M&A.
Brainloop Secure Dataroom
Brainloop is the vendors with its headquarters in Germany. Its main focus is assistance throughout deal-making collaborations. It means that Brainloops provides diverse software that simplifies and facilitates communication between the project participants and guarantee safe information exchange. While Ansarada and RR Donnelley make emphasis on mergers and acquisitions and design their VDRs in compliance with the latest requirements buyers and sellers, Brainloop has released the platform that has no particular specialization: Secure Dataroom would be convenient and helpful for all deal-makers who seek for the safe environment for information exchange. The variety of its customers proves the universal nature of the VDR: social networking sites (e.g., Twitter, Foursquare), Allianz, the European Space Agency, etc.
The VDR resembles a Swiss Army Knife: being equipped with a wide range of tools Secure Dataroom turns into the instrument that may come in handy disregarding the type of the project, the purpose of a use, and the sphere the client works in. Moreover, the download of the software is not required. However, the complex functionality of the platform might cause delays in the execution of transactions: a certain time might be required to introduce inexperienced clients into the way Secure Dataroom functions.
Firmex combines traits of the huge VDR vendors and brave small-scale startups. On the one hand, you enjoy the functionality inherent to experienced providers. At the same time, you observe constant innovations and moderate prices that characterize fearless newbies who fight for the own niche. Being a relatively new player in the market, Firmex has managed to gain the respect of numerous clients worldwide: the company claims to support over 75,000 clients. On the list of their users, the one may notice such well-known names as Deloitte, PWC, E&Y, Deutsche Bank, and many representatives of investment banks, legal firms, energy, mining, pharmaceutical sectors, etc.
The VDR proves to be the most convenient for merger and acquisition transactions as it is equipped with multiple instruments that facilitate communication, speed up due diligence, and simplify every aspect of collaboration. In general, the room offers the usual set of options required for successful deal-making. For instance, it can boast of an excellent customer service. However, Firmex possesses plenty of unique and advanced features to surprise any customer. “View As” option is of a particular interest: it allows the platform owner to check out how each of the visitors views the VDR and to ensure himself that none of the files was accidentally viewed by a wrong user.
Box Virtual Dataroom
Even though VDR services do not constitute the primary focus of Box the key reason why it should be included on this list is Business on Box platform developed within the company. When users start dealing with this product, they notice immediately the resemblance inherent to Box and diverse file sharing services available free of charge (e.g., DropBox). While exploiting the similar user-friendly interface inherent to freemium services Box proves to be more advanced in terms of information protection. Moreover, the platform offers the wider range of instruments and provides clients with multiple features that make internal communication and collaboration with external partners more smooth and convenient. The set of options immanent to Box is rather standard: experienced users would not detect anything innovative or surprising among the functions. In the example, the platform provides such options usual for VDRs as segregated permission groups and automatic expiry of access to certain files.
However, Box seems to be more suitable for individual consumers that are not involved in large-scale and complex transactions and projects. The room lacks certain options which facilitate M&A transactions and ensure multi-sided data protection. Thus, corporate clients and organizations dealing with highly confidential data storage and exchange may treat Box as not the greatest selection.