Lite, Basic and Pro are different offers for the same product – FORDATA Virtual Data Room. The difference is that the Lite offer includes only access to the system. On the other hand, BASIC and PRO offers, as standard, include the support of our Customer Service team. At your request the team can carry out tasks such as documents upload or VDR management on your behalf.
In VDR Lite, you get a limited range of system functionalities and specific parameters (number of GB, users). VDR Lite has a default configuration and branding.
At any time, however, you can buy additional functionalities and freely increase the parameters of the service. Everything in this offer is standardized, but you can buy anything, with no restrains.
VDR BASIC and PRO, by definition, are fully customized. Starting from the link under which the Data Room is available, through security configuration (e.g.: the period after which user will be logged out, required periodical password change, number of required NDA acceptances), to the content of the NDA, which users must accept when logging in, the content of e-mails and watermarks on documents, or the layout of the system itself.
BASIC is dedicated to support mergers and acquisitions (M & A) transactions. In price, besides the fully customized system, you receive the support of our team, which will carry out all the time-consuming works related to VDR for you so that you can focus on the transaction and negotiations.
Our team is treated by customers as an extra member of the transaction team (more about what we can do for you HERE).
Additionally, at the end of the project, we copy the Data Room content (documents, reports) to an encrypted data carrier, which as standard is an attachment to the Investment Agreement.
From our experience, the minimum time to close the transaction is 3 months (optimally 6 months), hence the VDR contract in this offer is signed for 3 or 6 months.
In this offer everything is available and included in the price, which depends only on the size of data placed in the Data Room.
PRO contains the same as BASIC. Customers decide on it if they launch not one, but many transactions in the long run.