When a company decides to use a virtual information room there are two key elements of the platform it needs: highly secure storage of documents and files and accessibility for team members. Depending on the industry and project and the number of users and duration, there are different pricing options for a VDR like per-page pricing, per-user pricing more info here pricing based on storage size or a monthly flat cost.
Many vendors charge by the number of gigabytes (GB). This pricing method may be suitable for projects with relatively small text file sizes but can be costly for companies that are exchanging large video or audio files.
The price of a VDR is also dependent on how much administrative access is granted to the system. Some providers permit unlimited admins, which makes the platform more expensive. However this feature can streamline workflows and speeds the process of due diligence.
Integration with other platforms, such as Slack or Microsoft Office (for example), can improve functionality and user experience. These options are generally more expensive than those that do not integrate.
The duration of the project is likely to influence the price of the virtual data room since most vendors offer an initial price for certain number of months and then charges per month after that. Some vendors, like DealRoom, will offer discounts for M&A transactions and provide the option of cancelling the contract once the transaction has been completed. This is a good option for companies that aren’t sure of the duration of the project.
