Firmex

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Firmex
Private
IndustryVirtual data room
Founded2006; 13 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. 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/


References[edit]

External links[edit]