Skip the sales call.Get a better data room in minutes.
Since Ansarada's acquisition by Datasite in 2024, its product roadmap has shifted toward enterprise. Peony gives mid-market deal teams the same security with AI-powered Q&A, screenshot protection, page-level analytics, and 5-minute setup for M&A, due diligence, and PE workflows — no quote process required.Set up in under 5 minutes.
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Side-by-side comparison
Ansarada is an enterprise VDR with quote-based pricing. Peony is a modern virtual data room with transparent pricing and everything you need to share, track, and protect documents.
PeonyWhy teams switch from Ansarada to Peony
Ansarada has been a trusted VDR for APAC deal teams. But modern teams need faster setup, transparent pricing, and AI-powered features that legacy platforms struggle to deliver.
Instant setup
Ansarada requires a sales call, custom quote, and lengthy onboarding. Peony lets you create a data room in under 5 minutes with a self-serve signup — no sales process needed.
Transparent pricing
Ansarada charges $5K-$25K per data room with quote-based pricing. Peony Business is $40/admin/month with AI, analytics, and full security — no per-deal fees or surprise invoices.
AI that accelerates deals
Peony includes AI redaction that scans every page for PII and sensitive terms before you share with bidders — catches what analyst fatigue misses. Plus AI extraction, Smart Q&A for counterparty questions, and AI Rooms with completeness scoring. Ansarada offers deal readiness tools but no AI redaction or document-level Q&A.
Screenshot protection
Peony blocks screen captures of sensitive documents — a critical security layer that Ansarada does not offer. Combined with watermarks, NDA gating, and link expiry for complete protection.
Pricing comparison
Peony gives you a full-featured data room with AI, analytics, and advanced security — at a fraction of what Ansarada charges per data room.
Peony
Business
$40/admin/mo
1 TB storage — data rooms, AI, full security
Pro
$20/admin/mo
200 GB storage — e-signatures included
Free
$0
2 GB storage — for evaluation
Business includes data rooms, AI chat, screenshot protection, watermarks, NDA gating, and custom branding. Analytics on all plans.
Ansarada
Per data room
$5K–$25K
Quote-based pricing
Enterprise
Custom
Contact sales required
No free tier, no self-serve signup, no published pricing. Costs vary by deal size and complexity.
When to use each platform
Ansarada excels at large APAC enterprise M&A transactions. Peony is the better choice for teams that want fast setup, transparent pricing, and modern AI features.
Choose Ansarada when you need
Large-scale APAC M&A transactions with complex deal structures
AI-powered deal readiness scoring and preparation tools
Dedicated deal management support with white-glove onboarding
Enterprise compliance workflows for regulated industries
Choose Peony when you need
A data room you can set up in minutes for fundraising, M&A, or due diligence
Published pricing at $40/admin/month for full data room capabilities — no sales calls or quotes needed
Page-by-page analytics to track exactly what investors and partners read
Screenshot protection, dynamic watermarks, NDA gating, and link expiry
AI document chat so recipients get instant answers 24/7
Built-in e-signatures without third-party integrations
What Peony gives you that Ansarada does not
Stop document leaks before they happen
Ansarada offers basic watermarking, but has no screenshot protection. Peony blocks screen captures of sensitive documents and stamps every page with the viewer's identity via dynamic watermarks — so if a document leaks, you know exactly who shared it.
Know exactly what your recipients read
Ansarada provides basic activity logs showing who accessed the room. Peony goes deeper with page-by-page analytics — time spent on each page, scroll depth, and visitor details. See which sections of your CIM or management presentation buyers focus on most during due diligence.
Let recipients ask your documents questions
Ansarada offers AI deal readiness scoring and triage tools on premium tiers. Peony includes four AI capabilities on the Business plan: AI extraction for instant cited answers from your documents, Smart Q&A where counterparties submit questions and AI drafts responses for your team to approve, AI Rooms with completeness scoring and missing document detection, and auto-indexing with OCR and full-text search.
Screenshot protection
Block screen captures of sensitive documents with screenshot protection. Ansarada has no equivalent — once a document is viewed in their platform, it can be screenshotted freely.
Built-in e-signatures
Sign NDAs and agreements without leaving Peony using built-in e-signatures. Ansarada relies on third-party integrations for e-signatures, adding complexity and cost.
NDA-gated access
Require viewers to sign an NDA before accessing documents with NDA-gated access. Built natively into Peony — no custom setup or third-party tools required like with Ansarada.
"Peony is by far the simplest and most intuitive way to populate and share data rooms with investors and partners."
Mark Petrov
Head of Financials, Loop
Frequently asked questions
I'm a sell-side M&A advisor running 3 concurrent mandates in the $50M-$150M range — how does Peony compare to Ansarada for data rooms?
For your mid-market mandates, Peony Business ($40/admin/month) gives you AI document chat so your bidders can query CIMs and diligence materials instantly, page-by-page analytics showing exactly which counterparties reviewed which sections of your deal materials, and screenshot protection that blocks screen captures — a feature Ansarada does not offer on any tier. Since Ansarada's acquisition by Datasite in 2024, its product roadmap has shifted toward enterprise deals, and mid-market advisory firms like yours face uncertainty about continued platform investment in the sub-$200M deal segment. Your team can set up a Peony data room in under 5 minutes with no sales call or quote process — versus weeks of vendor onboarding with Ansarada.
Our 5-person IB team spends $5,000/month on Ansarada per deal — what does Peony cost for the same workflow on a $75M sell-side mandate?
Peony Business is $40/admin/month — so your 5-person team pays $200/month for unlimited data rooms with AI document chat, screenshot protection, dynamic watermarks, NDA gating, and page-level analytics. That is $200/month versus your current $5,000/month on Ansarada — a 96% cost reduction with more features, not fewer. Ansarada uses quote-based pricing that typically ranges from $5,000 to $25,000 per data room, and since the 2024 Datasite acquisition, pricing has trended upward as the platform consolidates into Datasite's enterprise model. For your $75M sell-side mandate, you get the same security and audit trails at a fraction of the cost.
We handle buy-side diligence on 4 platform deals averaging $80M each — can Peony handle those workflows like Ansarada?
Yes. For your buy-side process across four $80M platform deals, Peony Business ($40/admin/month) provides structured data rooms with granular per-bidder access controls, NDA gating, dynamic watermarks, and page-by-page analytics showing exactly which diligence materials each target's management team reviewed. Peony also adds AI document chat so your buy-side analysts get instant, cited answers from financial models and diligence materials around the clock — something Ansarada does not offer. Unlike Ansarada, which charges per room ($5K-$25K each), your four concurrent data rooms on Peony cost the same flat per-admin rate with no incremental fees.
Our firm runs cross-border M&A with counterparties in 6 APAC jurisdictions on a $120M carve-out — does Peony work as well as Ansarada there?
Yes. Peony is a global platform with the same encryption, audit trails, and security controls regardless of jurisdiction. For your $120M cross-border carve-out, Peony Business ($40/admin/month) gives your deal team AI document chat in any language, dynamic watermarks stamped with each counterparty's identity, and page-level analytics across all six jurisdictions. Ansarada historically had strong APAC presence, but since its 2024 acquisition by Datasite, the platform's regional focus is shifting toward Datasite's global enterprise base — meaning your mid-market cross-border deal may receive less dedicated support than before the acquisition.
I'm sharing a CIM with 15 bidders on a $200M competitive auction — what security features does Peony offer that Ansarada lacks?
For your $200M auction with 15 bidders, the critical gap is screenshot protection — Peony blocks screen captures of your confidential CIM and financial exhibits on the Business plan ($40/admin/month), which is a feature Ansarada does not offer on any tier. Your data room also gets dynamic watermarks stamped with each bidder's identity and timestamp for leak traceability, NDA-gated access requiring each counterparty to e-sign before viewing a single page, and page-by-page analytics showing which bidders read your management presentation versus which skimmed the executive summary. All of this runs on SOC 2-ready infrastructure with AES-256 encryption and TLS 1.3 — the same encryption standard Ansarada uses, at a fraction of the cost.
My team is mid-deal on a $90M mandate with 20+ counterparties in Ansarada — can we migrate to Peony without disrupting the process?
Yes. Your team can set up a Peony data room in under 5 minutes, bulk-upload your CIMs, financial models, and diligence materials, and replicate your existing folder structure. Peony supports drag-and-drop uploads across 100+ file types, making migration from Ansarada straightforward even on a live $90M mandate. Since Ansarada was acquired by Datasite in 2024, some mid-market teams have reported longer support response times as the platform integrates into Datasite's enterprise infrastructure — another reason to evaluate alternatives while your deal is still in process. Your counterparties receive new access links and can be operational in your Peony data room within the same session.
Our 4-person deal team fields 50+ buyer diligence questions per week across two $60M mandates — how do Peony's AI features compare to Ansarada?
For your team handling 50+ questions per week across two concurrent mandates, Peony's AI features are significantly more advanced than Ansarada's. Ansarada offers AI deal readiness scoring and board reporting tools, but these are gated to premium tiers and focused on deal preparation — not live diligence. Peony Business ($40/admin/month) includes AI document chat so your bidders get instant, cited answers from your CIMs and diligence materials 24/7, Smart Q&A where counterparties submit diligence questions and AI drafts responses for your team to approve, AI Rooms with completeness scoring that flags missing diligence materials before your bidders notice, and auto-indexing with OCR across every file in your room. For two $60M mandates, that is the difference between your team spending 15 hours per week routing questions manually versus letting AI handle the first-pass triage.
Our compliance team at a mid-market bank requires SOC 2, encryption, and full audit trails for $30M-$200M mandates — is Peony secure enough versus Ansarada?
Yes. Peony is SOC 2 ready, GDPR, CCPA, and HIPAA compliant with AES-256 encryption at rest and TLS 1.3 in transit — the same compliance standards your bank requires for confidential transactions. For your $30M-$200M mandates, Peony Business ($40/admin/month) provides compliance-ready audit logs documenting every action by every counterparty, granular per-bidder permissions, NDA-gated access with built-in e-signatures, and dynamic watermarks for leak traceability. Unlike Ansarada, which requires enterprise-tier contracts for full audit capabilities and whose compliance roadmap is now governed by Datasite's post-acquisition priorities, Peony includes all compliance features on the Business plan with no additional negotiation.
My sell-side team needs 12 bidders to sign NDAs before accessing our $150M carve-out data room — does Peony have built-in e-signatures like Ansarada?
Peony has built-in e-signatures with AI-powered field detection, reusable templates, and tamper-evident audit trails — available starting on Pro ($20/admin/month). For your $150M carve-out with 12 bidders, you can gate your entire data room behind a signed NDA so each counterparty's counsel must execute your confidentiality agreement before viewing a single page. Ansarada relies on third-party integrations for e-signatures, adding complexity and extra cost to your workflow. With Peony, your counterparty counsel can also execute LOIs and closing documents without leaving the platform — a streamlined experience Ansarada does not match.
We had a CIM leak on our last $100M deal with 14 bidders — how does Peony protect confidential deal materials compared to Ansarada?
For your next deal, Peony Business ($40/admin/month) provides the security layers that would have prevented that leak. Screenshot protection blocks screen captures of your confidential financials entirely — a feature Ansarada does not offer on any tier. Dynamic watermarks stamp every page with the bidder's identity and timestamp, so if a document surfaces outside your data room, you trace the leak to the specific person who accessed it. NDA gating requires signed agreements before any counterparty views your room, and AI-powered redaction permanently blacks out sensitive deal terms and customer data before sharing with buyer counsel. For a $100M process with 14 bidders, these are not optional security layers — they are the difference between controlling your deal narrative and scrambling after a leak kills your auction dynamics.
Related resources
My Honest Review of Ansarada Alternatives — hands-on comparison of every major Ansarada competitor with pricing and scoring
Top 10 Virtual Data Room Providers — comprehensive ranking of the leading VDR platforms
Best Data Rooms for Private Equity — 10 VDRs ranked for PE deal screening, LP fundraising, and exits
Due Diligence Data Room Checklist — every document you need for M&A, PE, and VC due diligence
Virtual Data Room Cost Guide — pricing breakdown across all major VDR providers
M&A Data Room Solutions — how Peony handles sell-side and buy-side transactions
Due Diligence Data Rooms — structured, permission-controlled rooms for every deal stage