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Virtual data rooms are virtual spaces that act as data repositories for information. In a virtual data room data can easily be stored and accessed by those with authorization to do so from anywhere in the world. They are preferred over physical data rooms because they take up less physical space and they are safe. They also offer the option of sharing and editing data over the internet, hence making them highly convenient. They are also more affordable since they eliminate the need for people to meet physically to share and review documents, they also eliminate printing and faxing charges among others. Because of the high levels of privacy they offer, they have quickly taken over the business world and are preferred for transactions that involve sharing large volumes of data among a group of people. Some common transactions where virtual data rooms come in handy include mergers and acquisitions, audits, initial public offering IPOs, fundraising and legal or court proceedings. All these require high levels of privacy making confidentiality and VDRs the perfect solution.
Pricing per page
The pricing structure for VDR varies depending on a number of factors. To start with the price is broken down depending on the agreement between the user and provider and the scale. One method used to price is based on the number of pages where the pricing is quoted per page. The price ranges from $0.4 to $0.8 per page. The cost of using a virtual data room in this case will depend on the scale of the project and will be more affordable for smaller as opposed to larger projects with bigger volumes of data.
Pricing per user
Another common pricing method used in VDRs is based on the number of users in a data room. Each user that has access to a data ro… Read More
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