Firmex

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Firmex
Private
IndustryVirtual data room
Founded2006; 14 years ago (2006)
Headquarters
Websitefirmex.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[edit]

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.[11]

In 2016, Novacap, a Montreal-based Private Equity Fund, acquired a majority interest in Firmex.[12] Firmex's customers started over 12000 virtual data rooms.

In 2018, Firmex expanded its European operations, opening an office in London, England.[13]

In 2019, VERTU Capital, a Toronto-based Private Equity Fund, BDC Capital and Firmex management acquired Firmex.[14]

In 2019, Firmex was awarded the 2019 Stevie Awards for Customer Service.[15]


References[edit]

  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[permanent dead link]
  10. ^ [1]
  11. ^ "Apply Now – 2020 Technology Fast 500 Awards". Deloitte United States. Retrieved 2020-04-23.
  12. ^ "NOVACAP Invests in Firmex to Accelerate Growth". www.novacap.ca. Retrieved 2020-04-23.
  13. ^ Firmex (2018-01-10). "Firmex Opens New EMEA Headquarters in London, UK". Firmex Resources. Retrieved 2020-04-23.
  14. ^ Dorbian, Iris (2019-02-05). "VERTU and BDC to acquire Firmex from Novacap". PE Hub. Retrieved 2020-04-23.
  15. ^ "Firmex Wins 2019 Stevie Awards for Customer Service". Dazeinfo. 2019-12-10. Retrieved 2020-02-06.

External links[edit]