Ansarada

Ansarada is a provider of AI-powered virtual data rooms and Material Information Platforms for business transactions and material events such as mergers and acquisitions, fundraising, tenders and IPOs.
Historically, Ansarada's virtual data rooms have enabled the hosting, exchange and management of confidential material information between bidders and sellers during the M&A (mergers and acquisitions) due diligence process through their Software as a Service (SaaS) solutions.
Ansarada are also the creators of the world's first M&A video game, which since it was launched in January 2014, has had more than 138,000 sessions, with total screen views amounting to 9.5 million.
Ansarada has offices in Sydney, London, New York and Chicago, as well as employees working from Asia, Africa and continental Europe.
About.
Sydney-based Ansarada was founded in 2005 by Andrew Slavin, its chief technology officer, Sam Riley, chief executive, Rachel Riley, chief financial officer and Daphne Chang. The company is named after the first two letters of the founder's first names.
The four founders and some employees continue to own about 80 percent of the company with a group of investment bankers and lawyers owning the remaining 20 percent.
Ansarada claims a 60 percent market share of Australian M&A deals. It employs about 200 people and has offices in Sydney, Chicago, New York City, London, Amsterdam, Frankfurt, Johannesburg, and Hong Kong, with a development centre in Ho Chi Minh City. In July 2016, Ansarada partnered with PYCO Group and launched a new software development center in Vietnam.
AI-Powered Virtual Data Rooms.
A range of artificial intelligence features were introduced to Ansarada Virtual Data Rooms (VDR) in 2017. As an AI-powered alternative to traditional virtual data rooms, the 100-plus new features allow users to “illuminate risk and opportunity, raise and protect potential, and optimize processes from deal preparation through to execution and close”.
AI Bidder Engagement Scoring.
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 objectively tells sellers who is interest. The AI Bidder Engagement Score is calculated using a machine learning algorithm that takes into account the performance of 57 separate metrics over time.
AiDA.
AiDA, an acronym for Ansarada Intelligent Data Assistant, extracts on-demand insights and data based on activity within an Ansarada Room. Allows information to be accessed in natural language, no need to login and click on menus and features of desktop product.
Users interact with AiDA through a chat interface available for iPhone through the iTunes App Store. The virtual assistant uses Natural Language Processing to understand user requests plus more than 20 “skills” to extract data and insights to provide answers.
RaaS and the Material Information Platform.
In October 2017, Ansarada launched the world's first Material Information Platform to deliver Readiness as a Service (RaaS) The platform uses new 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.
Clients.
A selection of Ansarada's clients include:
Law Firms
Corporate Finance 
Software
Property
Private Equity and Venture Capital
M&A game.
Ansarada launched an M&A game in January 2014 to appeal primarily to investment bankers looking to express their competitive sides in a risk-free setting, "The New York Times" reported. Ten hours after the games release it had attracted about 1,000 users who had played it over 3,300 times, according to "The New York Times".