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IndustryVirtual data room
Founded2006; 13 years ago (2006)

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]


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.

In 2016, Novacap, a Montreal-based Private Equity Fund, acquired a majority interest in Firmex. Firmex's customers started over 12000 virtual data rooms.

In 2018, Firmex expanded its European operations, opening an office in London, England.

In 2019, VERTU Capital, a Toronto-based Private Equity Fund, BDC Capital and Firmex management acquired Firmex.


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