Skip the sales call.Get a better data room in minutes.
Ansarada is a legacy VDR built for enterprise deal teams. Peony gives you the same security with AI-powered features, transparent pricing, and instant 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 starts free and scales to $20 or $40 per admin per month — no surprise invoices or hidden fees.
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
Free
$0
2 GB storage
Pro
$20/admin/mo
200 GB storage
Business
$40/admin/mo
1 TB storage
Analytics on all plans. E-signatures on Pro+. Data rooms, AI chat, and advanced security on Business.
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
Transparent pricing with a free tier — 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
How does Peony compare to Ansarada for sell-side M&A data rooms?
Peony offers a modern data room that sell-side advisors can set up in under 5 minutes with transparent pricing — no sales call, no quote process, and no weeks of vendor onboarding. Peony includes screenshot protection, AI document chat for bidders to query CIMs and diligence materials instantly, and page-by-page analytics showing which counterparties reviewed which deal materials — features Ansarada lacks.
Is Peony cheaper than Ansarada for investment banking teams?
Yes. Peony starts free with 2 GB of storage, with Pro at $20/admin/month and Business at $40/admin/month — no per-bidder, per-page, or per-deal fees. Ansarada uses quote-based pricing that typically ranges from $5,000 to $25,000 per data room. For investment banking teams running multiple mandates, Peony gives you transparent, predictable costs without surprise invoices regardless of how many counterparties access the room.
Can Peony handle buy-side due diligence workflows like Ansarada?
Absolutely. Peony supports full buy-side due diligence workflows with organized data rooms, granular per-bidder access controls, NDA gating, dynamic watermarks, and detailed page-by-page analytics that show exactly which diligence materials each buyer reviewed. Peony also adds AI document chat so buy-side deal teams get instant, cited answers from CIMs, financial models, and other diligence materials around the clock.
Does Peony work for cross-border M&A deals like Ansarada does in APAC?
Yes. Peony is a global platform that works for cross-border M&A transactions anywhere in the world. Unlike Ansarada which is strongest in Australia and APAC, Peony serves sell-side advisors, PE sponsors, and investment bankers globally with the same fast setup and transparent pricing regardless of region or deal jurisdiction.
What security features does Peony offer that Ansarada lacks for M&A?
Peony includes screenshot protection that blocks screen captures of confidential deal materials — a feature Ansarada does not offer. Every plan includes 2FA, link expiry, and AES-256 encryption at rest with TLS 1.3 in transit on SOC 2-ready, GDPR, CCPA, and HIPAA compliant infrastructure. Pro ($20/admin/month) adds password protection. Business ($40/admin/month) adds screenshot protection, dynamic watermarks that stamp every page with the bidder's identity and timestamp, and NDA-gated access — giving sell-side advisors layered security for confidential M&A processes.
Can an M&A team migrate from Ansarada to Peony mid-deal?
Yes. An M&A deal team can set up a Peony data room in under 5 minutes and upload CIMs, financial models, and diligence materials directly. Peony supports bulk uploads and folder structures that mirror standard diligence organization, making migration from Ansarada straightforward even on a live mandate. Start with a free account to test the platform before fully switching counterparties over.
How do Peony's AI features compare to Ansarada for M&A workflows?
Peony goes further than Ansarada on AI for active M&A workflows. Ansarada offers AI deal readiness scoring and board reporting tools, but these are gated to premium tiers and focused on deal preparation. Peony includes AI document extraction so bidders get instant, cited answers from CIMs and diligence materials, Smart Q&A where counterparties submit diligence questions and AI drafts responses for your sell-side team to approve, AI Rooms with completeness scoring and missing diligence material detection, and auto-indexing with OCR and full-text search across every file in the room — available on the Business plan ($40/admin/month).
Is Peony secure enough for investment banking due diligence?
Yes. Peony provides full M&A due diligence workflows with structured data rooms, granular per-bidder permissions, NDA-gated access with built-in e-signatures, Smart Q&A for managing buyer diligence questions at scale, dynamic watermarks for leak traceability, and compliance-ready audit logs that document every action by every counterparty. Peony is SOC 2 ready, GDPR, CCPA, and HIPAA compliant — the same standards investment bankers and PE sponsors require for confidential transactions.
Does Peony have built-in e-signatures for NDAs and LOIs like Ansarada?
Peony has built-in e-signatures with AI-powered field detection, reusable templates, and tamper-evident audit trails — available starting on the Pro plan ($20/admin/month). Ansarada relies on third-party integrations for e-signatures, adding complexity and extra cost. With Peony, sell-side advisors can gate the entire data room behind a signed NDA, and counterparty counsel can execute LOIs and closing documents without leaving the platform.
How does Peony protect confidential deal materials compared to Ansarada?
Peony provides layered deal material security that exceeds Ansarada on several fronts: screenshot protection blocks screen captures of confidential financials entirely, dynamic watermarks stamp every page with the bidder's identity and timestamps for leak traceability, NDA gating requires signed agreements before any counterparty accesses the room, controlled redaction permanently blacks out sensitive deal terms and customer data before sharing with buyer counsel, and two-factor authentication adds identity verification. Core security (2FA, link expiry, encryption) is on every plan. Screenshot protection, watermarks, NDA gating, and redaction are on the Business plan ($40/admin/month). All plans are backed by AES-256 encryption, TLS 1.3, and SOC 2 readiness.
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