Firmex Reports Another Record Quarter in Q2 2008 with 355% Growth in New Customers Acquired Compared to Q2 2007
Firmex set another record in Q2 2008 with 355% growth in new customers acquired compared to Q2 2007. In addition, Firmex surpassed 10,000 registered users in the quarter.
“This is a significant achievement given recent slow-down in availability of capital to fund transactions” says Joel Lessem, Firmex CEO. “The numbers prove that our product and business model delivers an extremely attractive value proposition to our fast expanding market of transactional professionals.”
Firmex’s customer base consists of investment banks, law firms , private equity funds, and transactional corporations. Firmex licenses unlimited use online collaboration tools to efficiently distribute, review, revise and execute deal documents.
A robust deal room infrastructure is becoming a differentiator for advisory firms. It delivers better organization and visibility on deals for all participants, and reduces the time and effort it takes to get deals done. “Corporate clients are in a hurry – when they need to pick an advisor on a file, they generally have a number of highly talented attorneys to choose from – tie goes to the firm with deal room that can have things organized and online in a matter of hours” says Chris Gaffney, Firmex’s Director, Client Services. “For investment banks is a matter of starting a deal room as soon as the engagement begins. There is a lot of collaborative work to be done even before the deal goes to market. Being organized and moving forward quickly is an important factor in getting deals done.”
About Firmex
Intuitive, affordable, pervasive – thousands of companies choose Firmex Virtual Data Room (VDR) solutions to securely share their highly confidential documents. Leaders in corporate and financial transactions, M&A, compliance, litigation, and procurement value Firmex’s ease of use and outstanding support to profitably accelerate their online document sharing and collaboration projects. More information about Firmex can be found at www.firmex.com.