How much does it cost to an organisation to connect to Mydex CIC?

+1
0
-1

Is there a rate card or pricing model for connecting organisations to connect to Mydex CIC?

Thu, 20/11/2014 - 12:04

Anonymous (not verified)

[0]

Short Answer

Mydex CIC charges organisations a one-time fee (£10,000) for connecting to the platform, plus a small (£0.15) one-time fee per individual connected. The platform connection fee covers first year support services, and individual connection fees are payable just once per person regardless of how many systems or services they connect to within the organisation.

MydexCIC's picture
Thu, 20/11/2014 - 12:04

MydexCIC

[120]
+1
0
-1

Technical Answer

There is a one-time connection fee of £10,000 per system, application or service that and organisation connects to the Mydex Platform, plus a one-time connection fee (£0.15) per individual that they connect to across the platform.

 

Individual connection fees are payable only once per person, regardless of the number of systems they may use or connect to within the organisation. Individual connection fees are purchased in minimum blocks of 2,000 individuals (£300).

The platform connection fee covers first year support services to the organisation. After the first year, Mydex CIC charges an annual support fee of 25% of the aggregate of all connection fees paid across systems and individuals.

If an organisation charges an individual for a service (e.g. a fee for use of an app or subscription fee) or pays an individual for access to information under a data sharing agreement, Mydex CIC will charge the organisation a transaction fee totaling 4% of the value of the transaction. There are discounts for volume.

MydexCIC's picture
Thu, 20/11/2014 - 12:04

MydexCIC

[120]
+1
0
-1

More Details

Mydex CIC provides a personal data store and MydexID free of charge to individuals; our business model is to charge organisations that connect to the platform and service. The emphasis is on a pay-as-you-go approach so that costs are aligned to usage and value gained.

MydexCIC's picture
Thu, 20/11/2014 - 12:04

MydexCIC

[120]
+1
0
-1