10 BEST M&A Software: Mergers & Acquisitions Platforms 2023

Go through the article to know about the benefits of the M&A process and the best Mergers & Acquisitions Software in the industry:

Mergers & Acquisitions may refer to two different processes. While Merger means combining, on the other hand, Acquisition means taking over. So, the process of either combining two business entities, or taking over one by the other, is referred to as Merger & Acquisition.

In this article, you will get to know about the best software in the industry, which is potential enough to make the whole M&A process extremely smooth and fast. The detailed reviews will help you choose the most suitable software for your business.

Let us begin!

Mergers & Acquisitions Software – Review

M&A Process

The process of M&A can easily be done with the help of M&A software.

The process involves the following steps:

• Laying down a solid strategy for growth and investment.
• Finding potential sources or targets to invest in.
• Valuation, Collaboration, and Negotiation process.
• Due diligence.
• Signing of approvals.
• Closure and integration process.

The Benefits of Mergers & Acquisitions

Companies nowadays are looking for potential startups for M&A.

The process benefits businesses in the following ways:

• Businesses can expand their market share.
• They acquire more capital.
• They get access to more talent.
• They get access to the experts in the field.
• They get new ideas for growth and expansion.

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Frequently Asked Questions

Q #1) What is meant by merger and acquisition?

Answer: Merger & Acquisition refers to either combining two business entities to become one big business enterprise or taking over the ownership of one business by another to gain more market power, capital, expertise, and new talent.

Q #2) Who is involved in mergers and acquisitions?

Answer: The mergers and acquisitions process involves a buyer (who pays for getting the ownership of another business entity and its assets), and a seller, who agrees to a sum of money in exchange for his assets.

Another way, the mergers and acquisitions process may also mean the combining of two entities, as per the rules laid down by each one of them.

Q #3) What is Mixado used for?

Answer: Mixado is one of the best data room M&A software. The platform is powerful enough to manage the whole lifecycle of an M&A deal by offering you tools for CRM, VDR, Reporting, Spreadsheet, Task Tracking, and more while assuring you with internationally recognized data security standards.

Q #4) What is iDeals VDR?

Answer: iDeals is the best M&A software in the industry. The Virtual Data Room offered by the software is powerful and easy to handle. You can upload files, with simple drag-and-drop options, add comments to the files, and give access controls so that you can decide who can view, download or print documents.

All of these features are given industry-specific data security standards and compliance.

Q #5) What features do you look for while choosing M&A Software?

Answer: While choosing an M&A software, we should always look at the following top features:

1. Cloud-based deployment with digital documents management
2. Collaboration tools
3. E-signatures
4. Standard data security
5. Pipeline visualization and task tracking tools

List of the Top M&A Software

Best Mergers & Acquisitions Software in the industry list:

1. iDeals
2. Midaxo
3. Devensoft
4. EKNOW
5. Ansarada
6. DealRoom
7. SS&C Intralinks
8. 4Degrees
9. SourceScrub
10. EthosData

Comparing Some Best Mergers & Acquisitions Software

Detailed reviews:

#1) iDeals

Best for ease of use, plenty of features, and outstanding customer service.

iDeals is one of the best Mergers & Acquisitions software, whose best feature is offering a virtual data room for M&A.

The virtual data room benefits the companies by saving them time and costs that would have been spent on maintaining physical data, plus it keeps your data secure.

The advanced technology that makes the software extremely user-friendly is what makes it trusted by big names from across the globe. They offer training sessions for your team, a dedicated project manager, and much more to ensure that you get the most out of the platform.

Founded in: 2008

Headquarters: USA

Deployment: On Cloud, SaaS, Web, Mac/Windows/Linux desktop, Windows/Linux premises, Android/iOS mobile, iPad

Data Security: SOC 1/2 & ISO 27001:2013 Certified Data Centers to keep your data secure.

Compliance: GDPR, HIPAA, PCI DSS compliant

Customer Service: 24/7 multilingual support is available through email, chat, and phone.

Companies using iDeals: Accenture, KPMG, Deloitte, BDO Alliance USA, CitiBank, Toyota, LG, and more.

Number of supported languages: 13 (English, Deutsch, Spanish, Portuguese, French, Chinese, Turkish, Netherlands, Polski, Italiano, Svenska, Japanese, Ukrainian.)

Features:

• Tools for Collaboration and Reporting, Questions and Answers.
• Data migration and uploading tools.
• Easy uploading of documents into a virtual data center, with the help of drag-and-drop options.
• Allows you to add notes to the files so that you can send specific instructions to prospective buyers/bidders.
• Allows you to set permissions on who can view, download or print the documents.

Pros:

• 99.95% guaranteed uptime.
• Get quick access to the documents from any device.
• Full audit trails are performed in the data rooms.
• Dashboards that allow you to track deals in real-time.

Cons:

• The reporting features seem to be less intuitive compared to other tools.
• If you give too long names to your files, you may face problems in uploading them or accessing them later.

Verdict: The customer service offered by iDeals is appreciable. They claim to respond to 93% of support requests within 5 minutes, that too in 13 global languages.

This easy-to-use software is recommended for businesses of all sizes. The user-friendly interface and competitive pricing make the platform unbeatable.

Price: iDeals offers a free trial for 30 days. Price plans are as follows:

• Pro: Starts at $460 per month
• Business: Contact directly for a price quote.
• Enterprise: Contact directly to get a price quote.

Website: iDeals

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#2) Midaxo

Best for being a complete M&A Lifecycle management platform.

Midaxo is a trusted M&A Deal Management platform that aims to provide customers with an easy-to-use, intuitive and comprehensive M&A solution. Midaxo acts as a unified platform for your CRM, VDR, Reporting, Spreadsheet, and Task Tracking requirements.

You get high uptime, next-generation advanced capabilities, powerful analytics and reporting, visualization and collaboration tools, and much more with this cloud-based software for M&A.

Founded in: 2011

Headquarters: United States.

Deployment: On Cloud, SaaS, Web, Android/iOS mobile devices.

Data Security: Internationally recognized ISO/IEC 27001:2013 standard data security.

Compliance: GDPR, HIPAA, NIXU compliant.

Customer Service: Email support and a Knowledge Base with plenty of frequently asked questions.

Companies using Midaxo: Ascensus, Cognizant, Philips, Samsung, Danfoss, Woodbridge International, and more.

Number of supported languages: One (English)

Features:

• Tools for pipeline visualization and ranking of targets.
• Stores and manages deal documents through a Virtual Data Room and let you control access permissions.
• Tools for Questions and Answers, Issues and Risk Tracking.
• Create templates for standard and recurring tasks.
• Task tracking tools.
• Automation tools for analytical report generation that allow you to make data-driven decisions in real-time.

Pros:

• Integration with Outlook to ensure easy and on-time communication with the target companies.
• An all-in-one M&A process software.
• Can be used by beginners.
• Scalable platform with leading data security standards.

Cons:

• Software is complex and costly for small businesses.

Verdict: Midaxo claims to increase M&A processing velocity by two times while ensuring quality and efficiency.

Having 80+ employees and serving in more than 5 countries and having conducted more than $500 Billion of the transaction value to date. Midaxo is undoubtedly a trusted and recommendable M&A Pipeline management software.

Price: A free trial is available for 7 days. Contact directly to get a price quote.

Website: Midaxo

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#3) Devensoft

Best for offering real-time reporting tools.

Devensoft is a scalable and agile software M&A companies can rely on. The software is built to provide continuous innovation, respect, and excellence to its customers, and the customers trust the platform in return.

Devensoft is currently rendering its services in 7 countries, including the USA, Europe, China, India, Singapore, Mexico, and Australia.

Founded in: 2013

Headquarters: United States

Deployment: On Cloud, SaaS, Web

Data Security: ISO 27001 and SOC 2 Type II certification and AES 256-bit encryption.

Compliance: AICPA, GDPR compliant

Customer Service: Online chat support is available.

Companies that use Devensoft: Square, Wipro, Johnson & Johnson, MillerCoors’, StanleyBlack&Decker, GraybaR, Cummins, and more.

Number of supported languages: One (English).

Features:

• Allows easy export and import of data.
• Sends automated reminders for due dates and more.
• Tools for seamless collaboration.
• Virtual Room for document storage.
• Automated reporting tools that give you insights into the progress in real-time.

Pros:

• Mobile applications for Android as well as iOS users.
• Automated, real-time reports, available, anytime.
• Powerful project management tools.
• Customer service is highly responsive. They are always happy to hear about the innovations that the users want in the software.

Cons:

• It’s a bit complex for small businesses, but the support team is always ready to help.

Verdict: Devensoft is a highly recommendable software for M&A Project Management. It is suitable for medium-sized to large businesses. The software is powerful, scalable, and easy to use at the same time. The range of features offered by the platform is praiseworthy.

Price: A free trial is available. Devensoft offers 3 pricing plans, namely:

• Basic
• Premium
• Enterprise

Contact directly to get a price quote for each plan.

Website: Devensoft

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#4) EKNOW

Best for being a complete M&A platform, suitable for all business sizes.

EKNOW is a leading M&A software, which is known to be a mature, easy-to-use platform that helps businesses in the M&A process, right from start to finish. Having around $6 Million as its estimated annual revenue, this 24-year-old company is a highly trusted name today.

They offer dedicated servers to their clients, so no one else ever shares the database server used by one client of EKNOW.

Founded in: 1998

Headquarters: USA

Deployment: On Cloud, SaaS, Web

Data Security: SSAE 16 SOC 2 Type 2 audited facilities, 256-bit TLS 1.2 strong encryption, virus scanning done on all file uploads, 2-factor authentication, and more.

Customer Service: Email support, a dedicated support tracking platform, support status dashboards, a KnowledgeBase, and status meetings and collaboration sessions that are held 2 times a week.

Companies using EKNOW: Coca-Cola, Saudi British Bank, Abbott Labs, Boeing, Genesys, Vodafone, Oman Oil, and more.

Number of supported languages: One (English).

Features:

• Tools for projects and deals management, including unlimited templates and more.
• Analytical tools for pipeline progress, revenue, etc.
• Dashboards to give you real-time updates.
• Document room for easy storage of your documents (just by doing simple drag-and-drop steps).
• Lets you search, sort, and filter documents easily.
• Acquisition integration tools, including planning, project management, and more.

Pros:

• Real-time dashboard views.
• Automated alerts.
• Allows you to manage the whole system centrally, while monitoring user activity and managing control permissions.
• Automation tools for pre and post-merger processes.

Cons:

• No mobile application.
• No live phone support.

Verdict: The automation, analytics, and reporting tools, and the intuitive dashboards offered by the software, combined with the flexibility, security, and ease of use offered by this SaaS platform, make it a highly recommendable one.

The software is suitable for businesses of all sizes.

Price: Contact directly to get a price quote.

Website: EKNOW

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#5) Ansarada

Best for instant reporting and forecasting tools.

Ansarada offers you modern and advanced tools for the M&A process. They claim to have served over 10,000 enterprises, have conducted more than 35,000 deals, and have assisted companies with the transactions of $1 Trillion worth of deals on their platform to date.

Ansarada has offices in Sydney, London, Amsterdam, Johannesburg, and Chicago. Having the vision of rendering innovative solutions to their clients, Ansara is undoubtedly a trusted and reliable M&A software company.

Founded in: 2005

Headquarters: Australia

Deployment: On Could, SaaS, Web

Data security: ISO 27001 certification and 256-bit data encryption.

Compliance: Ansarada is GDPR compliant.

Customer Service: A library of online help resources, articles, and videos to help you in every situation, plus 24/7 on-demand multilingual support is available.

Companies using Ansarada: Deloitte, MinterEllison, Visa, BLACKROCK, Greenhill, Morgan Stanley, Nestle, KPMG, BHP, Coca-Cola, and more.

The number of supported languages: 13 [English, French, German, Russian, Italian, Dutch, Spanish (Spain), Spanish (Latin America), Portuguese (Brazil), Korean, Japanese, Simplified Chinese, and Traditional Chinese.]

Features:

• Security tools include self-destruction of files from anywhere, anytime.
• Effective collaboration and workflow automation tools.
• Integration and synchronization with popular platforms like Google Drive, Dropbox, and One Drive.
• Automated instant reporting tools.
• Virtual Data Room for easy storage and access to your documents.

Pros:

• 24/7 customer support services.
• Reporting and forecasting tools.
• Quick document organization and sorting tools.
• Guarantees 99.98% uptime.
• Compatible with all devices.
• The platform supports all file formats.

Cons:

• Sometimes the created documents do not open.

Verdict: Ansarada is a smart M&A deal management software. It reduces the time taken to prepare for the M&A process, to a great extent.

The AI-powered reporting tools are worth appreciation. Plus, you get full visibility, 97% accurate prediction on deals, analytics on bidders’ behavior, and many more useful features that make the software exceptional.

Price: A free trial is available for 14 days. The price starts at $399 per month.

Website: Ansarada

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#6) DealRoom

Best for being extremely easy to use.

DealRoom is an M&A life cycle management platform. DealRoom offers you tools for communication, due diligence, pipeline management, post-merger integration, and much more.

This award-winning platform is run by a team of 31 dedicated members and aims to close deals faster. This powerful platform is intuitive, fast, secure, highly useful, and highly recommended.

Founded in: 2012

Headquarters: USA.

Deployment: On Cloud, SaaS, Web

Data security: 256-bit AES data encryption, compliance with data privacy laws, SOC 1/SSAE 16/ISAE 3402, SOC 2 Type II, ISO 9001 / ISO 27001 certifications.

Compliance: HIPAA/ITAR, PCI DSS, GDPR compliance.

Customer Service: Available through Email, Chat, and Phone (24/7)

Companies using DealRoom: Johnson & Johnson, Energizer, Allstate, Emerson, and more.

Number of supported languages: One (English)

Features:

• Pipeline management tools, including buyer-engagement tracking, accessing information about each member, and more.
• Tools to streamline the due diligence process, including centralized communication and collaboration tools.
• Post-merger integration tools, including data visibility, reporting and analytics, and more.
• Secure virtual data room to store any type of document.

Pros:

• Easy to use.
• The customer support is good.
• Intuitive interface.
• Data security.

Cons:

• It’s a bit costly.

Verdict: The thing I like most about this software is the ease of use it offers to its users. The platform is one of its kind. It is an all-in-one M&A software that has tools for every step of the M&A process. Apart from this, the always attentive customer service team acts as a cherry on top.

Price: There is a free trial for 14 days. Price plans offered by DealRoom are as follows:

• Pipeline only: $1,000 per month
• Single Project: $1,250 per month
• Cross-Team Professional: Contact directly for prices.
• Enterprise: Contact directly for customized prices.

Website: DealRoom

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#7) SS&C Intralinks

Best for deal marketing tools.

SS&C Intralinks is a New York-based M&A software company, whose estimated annual revenue is $276 Million. The software claims to handle the whole deal lifecycle. It helps in making the deal marketing process 85% faster with 95% fewer mistakes.

My experience with the software says that the platform is secure, flexible, and reliable.

Founded in: 1996

Headquarters: USA

Deployment: Cloud, SaaS, Web, Android/iOS mobile, iPad

Data Security: AES- 256-bit data encryption, ISO 27701 certification to ensure data privacy.

Compliance: Intralinks is GDPR compliant

Customer Service: 24/7 customer service is available

Companies using SS&C Intralinks: Credit Suisse, Raymond James, Pinnacle Foods Group LLC, Lloyd’s, Panasonic, Galicia, McDonald’s China, Starbucks, Flipkart, Loreal, and many more.

Number of languages supported: 12 [German, English, French, Hindi, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Swedish, Chinese (Simplified)]

Features:

• Tools for automated setup, file management, bulk uploads, and more.
• Deal marketing tools, including storage for uploading key documents, and transaction notes, tracking buyer engagement, and ensuring the security of the documents.
• Tools for task assignments and progress tracking through intuitive dashboards.
• Tools for multi-party collaboration and content exchange.

Pros:

• Mobile applications for iOS as well as Android users.
• Standard data security.

Cons:

• The platform is less user-friendly and costlier than its alternatives.

Verdict: SS&C Intralinks has more than 4.1 million customers from all over the world. They claim to help businesses close more than 10,000 M&A deals each year and have helped businesses undergo $34.7 Trillion worth of financial transactions through their platform.

The only demerit is that the platform is a bit costly as compared to many of its alternatives.

Price: Contact directly to get a price quote.

Website: SS&C Intralinks

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#8) 4Degrees

Best for collaboration and relationship management tools.

4Degrees offers an intelligent M&A CRM tool that offers automation tools for the M&A process. The powerful tool gives you features for the whole M&A lifecycle, from deal sourcing to tracking deal pipelines, streamlining the transaction process, integration with your favorite tools, and much more.

Founded in: 2017

Headquarters: USA

Deployment: On Cloud, SaaS, Web, Android/iOS mobile, iPad

Data Security: Security safeguards include HTTPS and 2-factor authentication.

Compliance: 4Degrees are GDPR compliant.

Customer Service: A dedicated customer success manager, one on one training sessions, chat access, and ongoing strategy discussions.

Companies using 4Degrees: Accelerated Growth, The Great River Company, The Heritage Group, RevTech Ventures, and more.

Number of languages supported: One (English).

Features:

• Deal sourcing tools include discovering news, funding announcements, and events to connect with private equity funds, bankers, and more.
• Automation tools for data entry.
• Tools for tracking and visualizing transactions during the entire deal lifecycle.
• Tools for task assignments, setting reminders, and more.
• Integration with CRMs and other tools for document upload and other uses.

Pros:

• 1000+ Integrations.
• Automation tools M&A lifecycle.
• Value for money.

Cons:

• If you use their services, you give your consent that they can use your personal data (including your chats).

Verdict: The software gives you automation tools for M&A deal management, report generation, integration, task assignment, and more.

The customer reviews about the software and everyone seems to be quite amazed by the simplicity and usability of the software.

Price: Contact directly to get a price quote.

Website: 4Degrees

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#9) SourceScrub

Best for finding the best investment opportunities based on data from companies.

SourceScrub is an M&A software that helps in the deal-making process by providing you with data-driven insights about private-owned companies.

This M&A deal management software today has offices in San Francisco, New York, and Washington DC, and works on the mission of offering businesses the collected and organized data of private companies so that they can target companies for M&A.

Founded in: 2014

Headquarters: USA

Deployment: On Cloud, SaaS, Web

Data Security: Data encryption and audit trails

Compliance: GDPR compliance

Customer Service: Knowledge Base, 24/7 live chat, email, and phone support are available.

Companies that use SourceScrub: Stephens, Highland Capital Partners, Raymond James, GENZ & Associates, and more.

Number of languages supported: One (English)

Features:

• Tools for tracking company trends, news coverage, and more.
• Allows export and import of data.
• Integration with leading CRM platforms.
• Let’s make data-driven decisions on where to invest.
• Tools to find targets that match your strategies.

Pros:

• CRM integrations.
• Easy to use.
• Highly responsive customer support team.
• A free web extension is available.

Cons:

• Exporting tools are limited.

Verdict: SourceScrub seems to be a nice option for M&A deal management. The software claims that the users of SourceScrub give 8.3% more IRR to their company, and transact 55% more than their peers.

The software is user-friendly and the customer support is nice.

Price: SourceScrub offers 3 plans namely:

• Essentials
• Plus
• Pro

Contact directly to get a price quote for the most suitable plan.

Website: SourceScrub

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#10) EthosData

Best for offering a highly usable set of features.

EthosData is an award-winning service provider for the virtual data room M&A. The platform has served 100,000 users to date and is trusted by some big names like J.P.Morgan and Bank of America.

Founded in: 2007

Headquarters: United Kingdom

Deployment: On Cloud, SaaS, Web, Mac/Windows Desktop, Android/iOS mobile, iPad

Data Security: ISO 27001, SSAE 16, and ISAE 3402 certifications to ensure standard data security

Compliance: GDPR compliant

Customer Service: 24/7 customer support is available through email, phone, and online chat

Companies using EthosData: OakNorth Bank, J.P.Morgan, ING, Reliance, Cafe de Colombia, KPMG, and more

Number of languages supported: 11

Features:

• Your Virtual Data Room is created by them in as little as 5 minutes, having content, added users, and pre-set permission levels.
• You can set permissions on who can access, edit, copy, print, or forward the deal’s documents.
• Intelligent insights that let you track the interest of your bidders.
• Features for communication and keeping records of them, and encrypting them.

Pros:

• Fast customer service.
• Easy file searching tools.

Cons:

• The program is complex to set up, but the support team is nice and always ready to help.

Verdict: The customer support team is very responsive. The set of features offered is also nice. Pricing is reasonable. The platform is suitable for medium to large-sized businesses.

Price: There is a free trial for 30 days. Price plans are:

• Basic: $199 per month.
• Professional: Contact directly to get a quote.
• Enterprise: Contact directly to get a price quote.

Website: EthosData

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Other Notable Tools

#11) DFIN

The best for advanced tools for M&A deals management.

DFIN is a 39 years old, global M&A solutions provider. The company is rendering its services in 12 countries today, has its offices at 30 global locations, and has a total of 2,160 employees.

It is an M&A lifecycle management platform and offers you tools for developing strategies, evaluating target companies, exchanging company information, negotiating, due diligence, signing agreements, and guiding the integration process.

Price: Contact directly to get a price quote.

Website: DFIN

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#12) InvestmentBank

The best for offering M&A lifecycle management services for business buyers and sellers.

InvestmentBank offers features for the whole M&A process. The software is suitable for sectors in the middle market. It helps in sourcing strategic opportunities.

Founded in 2016, InvestmentBank’s services for the M&A process are for buyers, sellers, and institutional investors.

Price: Contact directly to get a price quote.

Website: InvestmentBank

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#13) Synrgix

Best for offering support in strategizing the growth process.

Synrgix is a 7-year-old company that helps businesses in making a solid strategy for growth, work for its execution, and track the whole process. The automation tools offered by the software are great. The customer services are also nice.

Price: Contact directly to get a price quote.

Website: Synrgix

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Conclusion

The best Mergers & Acquisitions software available in the industry can help your business in achieving the growth you wish to achieve.

They help you in creating solid investment strategies for growth, plan for it, look for the potential target companies available, and help in the collaboration and negotiation process and the post-closure process with their tools for document storing, transferring, signing, and more.

Some of the best deal management software in the industry are iDeals, Midaxo, Devensoft, EKNOW, and Ansarada. All of these are M&A Pipeline management software and offer tools for the complete lifecycle of a deal, starting from deal sourcing to company integration.

Research Process:

• Time is taken to research this article: We spent 15 hours researching and writing this article so you can get a useful summarized list of tools with a comparison of each for your quick review.
• Total tools researched online: 17
• Top tools shortlisted for review: 13