(PRWEB) January 21, 2010
Firmex, the leader in branded virtual data room infrastructure for corporate transactions, today announced significant enhancements to its technology platform.
Firmex has released a new architecture that exponentially increases the speed in which users can review large volumes of documents.
"Since we do not charge for data or documents stored, our clients have increasingly been using Firmex for very large transactions. These transactions can run 10,000 to 100,000 document folders, each containing sets of documents". While this is not common on your average M&A transaction, if you're restructuring asset-backed loan portfolios, running a multi-billion deal, sharing clinical study findings, or reviewing litigation documents, sharing large volumes of documents is not uncommon" says Randy Rosenberg, Firmex CTO.
With this highly efficient technology Firmex can accommodate our increasing roster of large projects.
"Our policy of unlimited use and cost certainty for our clients forces us to develop high-speed and efficient technology. The combination of drag & drop functionality and the ability to move thousands of documents rapidly to and from the data room and the speed enhancements for large transactions saves our clients considerable time and money when managing transactions. They are all aligned with our focus on speed and ease-of-use as key development objectives" says Rosenberg.
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Firmex™ is a secure, collaborative, and branded virtual data rooms environment 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.
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 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:
North America: +1 (888) 688-4042 or +1 (416) 840-4241
Europe: +44(0) 20 3371 8476
International: +1 (416) 840-4241