How much will a Virtual Data Room cost?

INTRODUCTION

The answer to this question really depends on your company’s data storage requirements. The price may seem expensive to the uninitiated eye. It is important to understand that VDR is not normal data storage. VDR keeps your documents under lock and key, providing you with organization and project management tools that are missing from the like of DropBox and Google Drive.

Having said that, these are the costs you’ll typically see quoted:

• Per user: Each administrative user pays somewhere between $100 and $250 to access the VDR. This is an excellent price, given the service the team is providing but it’s easy to see how the prices climb quickly if the group with access expands.

• Per GB/TB: This is an increasingly common option for industrial users who tend to store photos of sites, mines, facilities and more in their data rooms. Costs usually come in at around $80-100 per GB and this is a good low budget option for firms with relatively small data loads.

• Flat monthly fees: A self-explanatory model which basically functions as a subscription. Variations include offers to bring 5 extra users onto your package under the same price.