Companies that require highly secure storage for their data/information/documentation need a virtual data room (VDR) solution. It is important to keep in mind that not all VDR providers are created equal in terms of pricing. Some have more transparent fees arrangements, while others have earned a reputation for being overly expensive. When looking at a VDR it is important to first decide on your budget and the number of files you’d like upload. This will help you choose the best vendor to meet your needs and prevents unexpected costs or overage fees later on.
There are many different ways a virtual space can be priced: per page, by the amount of users, by the amount of data that is stored, or a flat fee. Each has pros and cons however, flat-fee pricing is thought to be the most transparent. It allows the deal team to concentrate on the transaction and not be concerned about overage fees.
iDeals provides a good example of an online data room that is both affordable and functionally advanced. The plan offers 24/7 support, a simple document upload and management, advanced security features, and an DVD of the archive at the end of the transaction. There’s also a free trial and a range subscription plans to choose from. Fordata is targeted more at large corporations and offers unlimited projects, admins and users and a flexible 1TB of storage.