Firmex
TypePrivate
IndustryVirtual data room
Founded2006 (2006)
Headquarters
Toronto, Ontario, Canada
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

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]

In 2020, Firmex was awarded as one of Canada's Most Admired Corporate Cultures.[16]

References

  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
  10. ↑ http://www2.deloitte.com/content/dam/Deloitte/ca/Documents/technology-media-telecommunications/ca-en-tmt-technology-fast-50-winners-2014.pdf
  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.
  16. ↑ "2020 Canada's Most Admired Corporate Cultures™ and Canada's Most Admired CEO™ Winners Announced".
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