 | |
| 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]