Firmex

Firmex
Private
Industry Virtual data room
Founded 2006 (2006)
Headquarters Toronto, Ontario, Canada
Website firmex.com

Firmex is a cloud-based Virtual data room service provider headquartered in Toronto, Ontario, Canada.[1]

Virtual data rooms facilitate secure document sharing across corporate firewalls. They are used for highly confidential or complex transactions seen with M&A, Corporate Finance, and Procurement,[2] as well as Regulatory compliance and Governance processes.[3]

History

In 2004, Davies Ward Phillips & Vineberg, a Toronto-based international business law firm, contracted Version 5.1 to develop the Davies Deal Room, online virtual data room software designed to facilitate legal transactions and M&A transactions. This project[4] was commercialized by Version 5.1 in 2006 as Firmex Inc.[5]

From 2007 to 2008, Firmex raised a total of $4.4 million from angel investors.[6] By the end of 2009, the company had licensed 500 customers running over 2,500 transactions a year.[7]

In 2011, Firmex reached a customer milestone of 1,000.[8] During 2012, the company's workforce grew by 25 percent.[9]

In 2014, Firmex was named No. 13 in the Deloitte Technology Fast 50.[10]


In 2015 Firmex was a Deloitte Fast 500 winner. https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/Technology-Fast-500-Winners-Ranking-List.pdf

In 2016, Novacap, a Montreal-based Private Equity Fund, acquired a majority interest in Firmex. http://www.novacap.ca/en/news/tmt/novacap-invests-in-firmex-to-accelerate-growth/ Firmex's customers started over 12000 virtual data rooms.

References

  1. ↑ A virtual smoke-filled room | The Globe & Mail
  2. ↑ Renewable Energy Industry Adopts Firmex for EPC
  3. ↑ Firmex Inc. Recognizes Need to Share Information Beyond the Office Firewall
  4. ↑ Davies Receives Award for Client Service Technology
  5. ↑ Firmex
  6. ↑ Klass Capital
  7. ↑ Legal Technology Companies & Services
  8. ↑ Yahoo News
  9. ↑ Money.ca
  10. ↑
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