|Industry||Virtual data room|
Toronto, Ontario, Canada
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, as well as Regulatory compliance and Governance processes.
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 was commercialized by Version 5.1 in 2006 as Firmex Inc.
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.
In 2018, Firmex expanded its European operations, opening an office in London, England. https://www.firmex.com/blog/news/firmex-opens-new-emea-headquarters-london-uk/
In 2019, VERTU Capital, a Toronto-based Private Equity Fund, BDC Capital and Firmex management acquired Firmex. https://www.pehub.com/2019/02/vertu-and-bdc-to-acquire-firmex-from-novacap/
- A virtual smoke-filled room | The Globe & Mail
- Renewable Energy Industry Adopts Firmex for EPC
- Firmex Inc. Recognizes Need to Share Information Beyond the Office Firewall
- Davies Receives Award for Client Service Technology
- Klass Capital
- Legal Technology Companies & Services
- Yahoo News