In M&A due diligence and other transactions, virtual data rooms play a crucial role. They help businesses streamline processes, facilitate decision making, and accelerate deal closure. However, many businesses have difficulties determining what a virtual data space will cost due to the vast variety of prices that various vendors charge.
The price of a data room can vary depending on features like IP-based restrictions or custom user roles. The capacity of a data space can also affect pricing. A higher volume of concurrent users, for example increases storage costs and also require more bandwidth to handle the workload.
Some providers of virtual data rooms charge per-user, a model that differs between vendors. This type of pricing is generally the most affordable for projects that require a small number of administrators. It’s important to understand that some providers of data rooms charge up to $250 per administrative user.
Another popular pricing model is based on the volume of storage. This model is based on a certain amount of storage for data that is usually sufficient for most medium and small-sized projects. If a business requires more storage, they can purchase additional GBs.
A flat-rate pricing model is also a popular. This type of pricing allows businesses to pay a fixed cost per month for a set number of users, administrators projects and storage. This arrangement isn’t the most affordable, but it is favored by a lot of users since they don’t have to be surprised by high bills.