The one dominant player has a clause on every storage contact allowing them to charge fees equivalent to anywhere from 3 to 7 years storage to any client wishing to change vendors and these fees are applied even when the contract ends. This industry impacts all levels of Government, health care, educational institutions, law and accounting firms of all sizes, associations and thousands of other large and small businesses. One company has 80%-85% of this billion dollar market. It is our hope that any new legislation or regulations will have an effect on our offsite document storage industry which by any measure is the least competitive industry in Canada. Expand all Collapse all RecordXpress a division of Storagevault Canada Inc Merger Review
