 | |
| Company type | Private |
|---|---|
| Industry | Virtual data room |
| Founded | 2006 |
| Headquarters | Toronto, Ontario, Canada |
| Website | firmex.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]
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]
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