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 offer more transparent pricing structures while others have an image of being m&a integration process overly expensive. It is important to determine your budget, and the number of files that you'd like to upload prior considering the benefits of a VDR. This will help you choose a vendor that fits your needs and prevents extra costs or overage charges later on.

There are several methods to price the virtual dataroom: by page, by number of users, by the amount of data that is stored or a flat cost. Each of these has pros and cons for specific businesses but the flat-fee cost structure is considered to be the most transparent. It allows the deal team to concentrate on the deal and less on overage fees.

iDeals is a great example of a cost-effective yet technically advanced virtual data room. Their plan includes 24/7 support, easy document upload and management, advanced security features, and a DVD of the data room archive at the end of the transaction. You can also try a free trial, and a variety of subscription plans to choose from. Fordata however, on the contrary, is geared towards large enterprises and provides an unlimited number of projects, admins and users as well as flexible storage up to 1TB.