Company:Ansarada

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Ansarada Group Limited
Ansarada
TypePublic
ASX:AND
IndustryTechnology
Founded2005
FoundersAndrew Slavin (CTO)
Sam Riley (CEO)
Rachel Riley (CFO)
Daphne Chang
HeadquartersSydney, New South Wales,
Australia
Number of employees
199
Websitehttps://www.ansarada.com/

Ansarada Group Limited (Ansarada) is an Australia publicly listed company (ASX:AND) that develops products used worldwide by companies, advisors, and governments to maintain their most crucial information and processes in deal and transaction management, board management, compliance, and procurement. [1] [1] Ansarada intends to allow organizations to run more efficiently with reduced risk and an increased ability to make fast, confident decisions. Over $1 trillion in deal value has been transacted on the Ansarada platform. [2]

Ansarada has main offices in Sydney, London, Amsterdam, Chicago , Ho Chi Minh City and Johannesburg.

Overview

Sydney-based Ansarada[3] was founded in 2005 by Andrew Slavin (chief technology officer), Sam Riley (chief executive officer), Rachel Riley (chief financial officer)[4] and Daphne Chang.[5] The company is named after the first two letters of the founder's first names.[6] 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 the Software as a Service (SaaS) solutions.[5]

In January 2014, the company launched its first M&A video game.[7]

In July 2016, Ansarada partnered with PYCO Group and launched a new software development center in Vietnam.[8][9][10]

Structure

Ansarada employs about 200 people and has offices in Sydney, Chicago,[11] New York City , London, Amsterdam, Frankfurt, Johannesburg,[12] and Hong Kong, with a development center in Ho Chi Minh City.[13]

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]

AI-Powered Virtual Data Rooms

Ansarada Virtual Data Rooms (VDR), presented in 2017, is for letting users to know, raise and realize their potential.[14]

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 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.[15]

AiDA

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.[16] The virtual assistant uses Natural Language Processing to understand user requests.[17]

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)[18] 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.

M&A game

Ansarada launched an M&A game in January 2014 to appeal primarily to investment bankers in a risk-free setting, The New York Times reported.[19]

References

  1. ↑ "How Local Tech Companies Use AI to Drive Decision-Making" (in en). https://www.builtinchicago.org/2020/02/25/tech-companies-using-AI-drive-decision-making. 
  2. ↑ "March 30, 2022 – The Australian Business Executive | A Deeper Look at Business & Government" (in en-US). https://theabe.com.au/2022/03/30/. 
  3. ↑ Gilchrist, Karen (2018-04-25). "Check out this A.I. company's high-tech Sydney HQ — get your fingerprint ready" (in en). https://www.cnbc.com/2018/04/25/office-envy-ansaradas-sydney-australia-headquarters.html. 
  4. ↑ ""Always be ready": Ansarada co-founder Rachel Riley on how to prepare for your next capital raise" (in en-US). 2018-11-19. https://www.smartcompany.com.au/startupsmart/advice/startupsmart-funding/ansarada-prepare-capital-raise/. 
  5. ↑ 5.0 5.1 "Ansarada Seeks to Revolutionize M&A". Wallstreet.org. 22 January 2015. Archived from the original on 21 August 2015. https://web.archive.org/web/20150821071715/https://www.wallstreet.org/2015/01/ansarada-seeks-to-revolutionize-ma/148276.html. 
  6. ↑ "Online exports". Dynamic Export. 24 June 2011. http://www.dynamicexport.com.au/export/growing/online-exports/. 
  7. ↑ "Stakes Rise With Launch of the ansarada M&A Game 2.0". Venture Capital Post. 14 July 2014. http://www.vcpost.com/articles/24658/20140714/stakes-rise-with-launch-of-the-ansarada-m-a-game-version-2-0.htm. 
  8. ↑ "'ansarada in partnership with PYCOGROUP' officially launched in Vietnam" (in en-US). TalkVietnam. 2016-07-26. https://www.talkvietnam.org/2016/07/ansarada-in-partnership-with-pycogroup-officially-launched-in-vietnam/. 
  9. ↑ "'ansarada in partnership with PYCOGROUP' has officially launched in Vietnam". 2016-07-26. http://www.thanhniennews.com/business/ansarada-in-partnership-with-pycogroup-has-officially-launched-in-vietnam-64640.html. 
  10. ↑ "PYCO Group shares IT experience with newcomers". https://vneconomictimes.com/article/business/pyco-group-shares-it-experience-with-newcomers. 
  11. ↑ "Tech roundup: Amazon Go is on the way, Chicago tech shows strength on exits, and more" (in en). https://www.builtinchicago.org/2018/05/17/chicago-tech-roundup-051718. 
  12. ↑ Ansarada. "AI-Powered Dealmaking Platform Provider Expands North American Operations" (in en). https://www.prnewswire.com/news-releases/ai-powered-dealmaking-platform-provider-expands-north-american-operations-300648319.html. 
  13. ↑ "Ansarada, a virtual data room provider, raises $24m in Ellerston-led round" (in en). 2018-03-21. https://www.afr.com/technology/ansarada-a-virtual-data-room-provider-raises-24m-in-ellerstonled-round-20180321-h0xrhz. 
  14. ↑ "Rooms with AI Tools - Outsmart the Smart Guys | Ansarada" (in en-US). Ansarada. https://www.ansarada.com/rooms. 
  15. ↑ "AI Deal Software - Use AI & Machine Learning In Finance | Ansarada" (in en-US). Ansarada. https://www.ansarada.com/ai-deal-engine. 
  16. ↑ "AiDA by Ansarada on the App Store" (in en). https://itunes.apple.com/app/id1158759346. 
  17. ↑ "Meet AiDA: A Revolutionary Addition to Your Deal Team | Ansarada" (in en-US). Ansarada. https://www.ansarada.com/aida-deal-assistant. 
  18. ↑ "World's First Material Information Platform Launches | Ansarada" (in en-US). Ansarada. 2017-10-17. https://www.ansarada.com/news/worlds-first-material-information-platform. 
  19. ↑ "A Game For Would-Be Dealmakers". The New York Times Dealbook. 16 January 2014. https://dealbook.nytimes.com/2014/01/16/a-game-for-would-be-deal-makers/?_php=true&_type=blogs&_r=0. 

External links



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