Firmex Growth Fueled By Corporate Demand
Firmex continues to expand rapidly throughout North America. Firmex has launched thirty “branded” deal room websites so far in 2007 and the company expects that number to triple by the end of the year. Each “Firmex powered” deal room website manages numerous transactions both domestic and international in scope.
Firmex growth is fueled by the growing corporate demand for web-based deal rooms. We are getting many referrals from corporate users who are impressed with their legal and financial advisors “Firmex powered” deal room website. Daniel Klass, Managing Director, TD Capital Mezzanine Partners says:
We have now completed two transactions on the Firmex virtual deal room. We found the system secure, user friendly and effective as a diligence/organizational tool. We were pleased that our counsel provided the product as part of their service offering.”
More and more financial and legal advisors recognized that providing a more organized virtual document management helps everyone in the working group stay on top of the deal. Timing is critical in these transactions. Firmex clients have complete administrative control and clerical staff can initiate a new deal room in minutes.
“We are often called by a corporation’s accounting department looking for a deal room service. We ask them if they are using legal or financial advisors that already have Firmex licensed deal rooms so they can avoid the expense of licensing from us directly or a third party service. Soon, we think most corporations will expect their advisors to provide this kind of virtual infrastructure to help them get organized, run due diligence and close deals” says Richard Potter, Firmex Consultant.
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.