M&A data solutions group Ansarada is being acquired by competitor Datasite for 263 million dollars.
Ansarada, a Sydney-based virtual data room solutions company that helps global companies manage M&A, capital raisings and GRC/ESG, has reached an acquisition agreement with industry peer Datasite for 263 million dollars.
Ansarada's rival Datasite, based in Minnesota, has entered into an agreement to acquire 100 percent of the capital in the Australian company at 2.50 dollars per share, which represents a 19 percent markup on the last closing price.
Used by nearly 14,000 customers in 180 countries, Ansarada was founded in 2005. The name is a combination of the first two letters of the names of the four founders: Chief Technology Officer Andrew Slavin, Chief Executive Officer Sam Riley, Head of GRC/ESG Rachel Riley and Daphne Chang.
By mid-2023, the group employed 178 people across its offices in Sydney, Chicago, London, Brussels, Johannesburg and Ho Chi Minh City. Ansarada claims more than 1 trillion dollars in deals have been closed on its platform with clients including BlackRock, Visa, UBS and Deloitte.
Although its origins lie in deals, Ansarada has over time rolled out other software solutions to help clients with day-to-day operations or optimize information dissemination, covering issues such as procurement, governance, risk and compliance (GRC) and environmental, social affairs and the environment are addressed.
