Companies that require highly secure storage for their data/information/documentation need a virtual data room (VDR) solution. It’s important to be aware that not all VDR vendors are alike when it comes to pricing. Some VDR providers have transparent pricing and others are known for being expensive. When looking at the pros and cons of a VDR, you should first determine your budget as well as the amount of files you’re looking to upload. This will allow you to identify a vendor that will meet your requirements, and also avoid any unexpected costs or fees in the future.
There are several ways that a virtual data room can be priced: per page, based on number of users, based on the amount of data stored, or as a flat rate. Each option has pros and cons, but flat-fee pricing is considered the most transparent. It lets deal teams focus less on overage fees and more on the best option for the transaction.
iDeals is a fantastic example of a cheap but technically advanced virtual data room. The plan includes 24/7 customer support, simple document uploading and management, advanced security as well as a DVD with the archive of the data room at end. They also have a free trial period as well as a variety of subscription plans to choose from. Fordata is, on the contrary, is targeted at large businesses and offers an unlimited number of admins, projects, and users as well as flexible storage up to 1TB.