A virtual room is a cloud-based online storage center to store sensitive documents. Traditional virtual data rooms are suitable for making smaller deals, but the majority of practitioners agree on going for a larger VDR for significant deals. The technology provides a solution to the M&A professionals to share a huge amount of sensitive information and ease the burden to disclose and collect the confidential data during the diligent process.
The VDR is preferred by the professionals in private equity, investment banking and corporate development. Well, many experts want to know about the cost of a virtual data room but, they didn’t get the suitable data. That is why we are here to let you understand how the pricing is set in buying VDR. Let us discuss the aspects below.
- How is the pricing set for virtual data room?
As technology grows, the cost of VDR also changes in 2019. In the majority of cases, it only depends on the vendor and project. But, some aspects also help to determine the overall cost.
Some VDRs set a number for the user licenses, and in the case of an additional user, they take charge from the buyer. On average, the virtual data room charge per administrative is in between 100 to 250 dollars.
The majority of users want to stay on the per-page model and hence, they pay the charge between 0.40 and 0.85 dollars for each page.
- Monthly fee and storage size
These two factors also help to determine the cost of the VDR. The storage size can cost around 75 dollars per GB.
To sum up, these are the top aspects that will help you to know about the cost of VDR in 2019. The average pricing only depends on the project.