Virtual Data Room Pricing has become an indispensable aid to businesses during transactions in the last few years. This tool has been able to prove its reliability and security to thousands of companies around the world. However, while the overall goal of these programs is the same, VDR providers differ in many ways. Their functions differ depending on the industry they are designed for, and pricing policies differ as well. In this article, we’ll talk about VDR pricing in more detail.
What is a virtual data room?
A virtual data room is a secure online space designed to store and share a company’s sensitive data during business operations. For example, with VDRs, companies can conduct remote, yet effective due diligence and provide information to investors and creditors. The Data Room offers a modern solution for all modern problems, it provides you with a fully controlled environment where all activities can be performed remotely and guarantee a high level of security.
Most often, VDRs are used for mergers and acquisitions, but they are also often applicable during fundraising, IPOs, litigation, regulatory requirements, etc.
The main benefits that VDR customers get from the product are flexibility, ease of use, cost-effectiveness, operational simplification, and security, all of which contribute to overall productivity.
Virtual Data Room pricing structure
Virtual data room pricing policies are completely vendor dependent, and while everyone used to use a per-page price, now their pricing may depend on the following factors:
- Page pricing
This is the most popular way to charge customers for their services. This way, clients pay for each page of a document uploaded to the space. This price can start at 40 cents and go up to almost a dollar. However, this method is unlikely to be profitable for large companies with large-scale projects, while for small businesses this price structure will be more acceptable.
- Price per user
The second way to charge is as follows: the provider gives a certain number of seats in the space, but each additional user will have to pay extra. But it becomes difficult to say exactly how many spaces are usually provided and how much you have to pay for an additional user because it’s all strictly up to the developers. The price ranges from $100 to $250 per person with administrator rights.
- Pricing for storage capacity
In this case, users pay for the size of their storage. But here, too, payment methods can vary. While some providers ask for a fee for each gigabyte of storage, another provides a certain number of GB and charges for each additional GB.
In the second case, those extra GBs can cost up to $75, and this way of paying can be great for companies with small projects that don’t require too many multimedia files.
- Fixed monthly fee
A flat rate is also a very popular way to pay today. Such providers usually offer an unlimited number of users, storage, and amount of data. The price on this principle ranges from $400 to $1000 per month, but it has its advantages, which will be ideal conditions for large companies.
The fact is that many deals and projects, especially in large businesses, are hard to calculate to the size, amount of data, and a number of users. Any other way of payment could cost the company additional expenses and high commissions, but the fixed-rate helps to avoid any surprises and allows owners to know exactly how much they should pay.