Companies that require highly secure storage for their data/information/documentation need a virtual data room (VDR) solution. It’s important to keep in mind that not all VDR vendors are equal when it comes to pricing. Some VDR providers have transparent pricing however, others are known for being expensive. It is important to determine your budget and the number of files you want to upload before making a decision on the benefits of a VDR. This will help you find a vendor that fits your requirements and avoids unexpected charges or overage fees in the future.
There are a variety of ways to price the virtual dataroom: by page, by the number of users, by the quantity of data stored or a flat cost. Each has pros and cons but flat-fee pricing is considered the most transparent. It allows deal teams to focus less on the cost of overage and more on what’s best for the transaction.
iDeals offers a great example of a virtual data space that is affordable and functionally advanced. The plan comes with 24/7 customer support, easy uploading and management of documents, advanced security, and a DVD with the archive of the data room at the end. They also offer a free trial period as well as a variety of subscription plans that you can choose from. Fordata is targeted at large companies and provides unlimited projects, admins and users as well as a flexible 1TB of storage.