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Firmex is a cloud-based Virtual data room service provider headquartered in Toronto, Ontario, Canada.[1]
 | |
| Company type | Private |
|---|---|
| Industry | Virtual data room |
| Founded | 2006 |
| Headquarters | Toronto, Ontario, Canada |
| Website | firmex.com |
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
editIn 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 2014, Firmex was named No. 13 in the Deloitte Technology Fast 50.[8]
In 2016, Novacap, a Montreal-based Private Equity Fund, acquired a majority interest in Firmex.[9] Firmex's customers started over 12000 virtual data rooms.
In 2018, Firmex expanded its European operations, opening an office in London, England.[10]
In 2019, VERTU Capital, a Toronto-based Private Equity Fund, BDC Capital and Firmex management acquired Firmex.[11]
References
edit- ^ A virtual smoke-filled room | The Globe & Mail
- ^ "Renewable Energy Industry Adopts Firmex for EPC". Archived from the original on 2015-02-14. Retrieved 2012-01-24.
- ^ Firmex Inc. Recognizes Need to Share Information Beyond the Office Firewall
- ^ Davies Receives Award for Client Service Technology
- ^ Firmex
- ^ Klass Capital
- ^ Legal Technology Companies & Services
- ^ http://www2.deloitte.com/content/dam/Deloitte/ca/Documents/technology-media-telecommunications/ca-en-tmt-technology-fast-50-winners-2014.pdf [bare URL PDF]
- ^ "NOVACAP Invests in Firmex to Accelerate Growth". www.novacap.ca. Retrieved 2020-04-23.
- ^ Firmex (2018-01-10). "Firmex Opens New EMEA Headquarters in London, UK". Firmex Resources. Retrieved 2020-04-23.
- ^ Dorbian, Iris (2019-02-05). "VERTU and BDC to acquire Firmex from Novacap". PE Hub. Retrieved 2020-04-23.