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Firmex Achieves 237% Annual Revenue Growth Despite Tough M&A Environment in 2009
Date:2/16/2010

Firmex, the leader in branded electronic data room infrastructure announced a 237% year over year revenue growth. Unlimited use data room offer is the key driver.

(PRWEB) February 16, 2010 -- Firmex, the leader in branded virtual data room infrastructure for corporate transactions and secure extranets today announced that it had year over year revenue growth of 237%.

Despite the lacking of credit for corporate transactions Firmex had exponential growth in calendar year 2009. The company consistently grew on a month over month basis throughout the year.

“Our unlimited use offering saves our clients money and provides far greater value to advisory firms and corporate dealmakers than alternatives on the market. In addition, organizations are finding it’s safer, more reliable and more accessible to keep documents in an online data room environment than on local stored computers. “ says Joel Lessem, Firmex CEO.

Firmex has expanded its offering to serve general corporate document sharing, virtual data room and client extranet requirements. “Our clients collaborate with parties both internal and external to their organizations. They need to review, revise and execute documents in a distributed work environment” says Aaron Booth, VP Sales.

“Having a top notch secure virtual workspace that can handle large volumes of documents is simply the way smart businesses are headed. With high-speed secure internet technology we no longer have to operate as islands of documentation stitched together by unsecure and disorganized email attachments. Our clients cut down on the endless finding and routing on documents – and spend more time running their businesses.”

For More Details

Twitter: @Firmex / @FirmexCare
Blog:    blog.firmex.com


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About Firmex

Firmex™ is a provider of secure, collaborative, and branded virtual data rooms for conducting due diligence, reviewing transaction drafts, closing deals and providing document libraries online. Firmex is licensed to organizations that seek to enhance and streamline their transactional and document exchange processes.

Since 2006 Firmex has been licensing online virtual data rooms for corporate transactions, governance and compliance matters. Firmex focus on delivering highly secure, reliable, fast and intuitive technology with top tier 24/7 client support.

Firmex has experienced exponential growth in each calendar year since inception. Firmex has over 50,000 users participating in over 2,500 mission critical deals in 2009 alone.

Firmex Customers:

Our key client segments are Investment banking, Legal, Private equity, Life Sciences, Real-Estate and Resources. Clients are primarily located in the US, Canada and Europe, and range from boutique organizations to global investment banks, law firms and fortune 500 companies.

Firmex Solutions

Firmex is primarily used as a Virtual Data Room for conducting due diligence in M&A, corporate finance and licensing deals. Increasingly, Firmex is being used as a document repository in litigation. Law firms also use Firmex for client extranets to access or review key documents and to collaborate with clients online. Corporations use Firmex for collaboration and reviewing key documents for financing transactions and financial audits. Firmex’s document versioning and execution features allow it to also serve as a “deal room” for transaction closings.

Key Value for our Clients:

 
  • Clients can distribute and review documents rapidly
  • Critical information is secure and protected
  • Access is instant, global and convenient
  • There is no limit to number of data rooms or guests

The system is fast and robust and cost effective

For More Information:

Joel Lessem
Firmex Inc.

North America: +1 (888) 688-4042 or +1 (416) 840-4241
Europe: +44(0) 20 3371 8476
International: +1 (416) 840-4241

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Read the full story at http://www.prweb.com/releases/2010/02/prweb3592874.htm.


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