Welcome to the new and improved Firmex Blog. These are the goals for this online space. Thanks for dropping by!
Welcome to the new and improved Firmex Blog, an online space to discuss about secure document exchange and collaboration, virtual data room technology and its applications, M&A trends and news, secure extranets, and many other related topics. Read more…
A traditional data room is a secure room where hard copies of corporate documents are kept for confidential review. Data rooms were primarily used for the sale of businesses. Prospective buyers would schedule time in the “data room” to perform comprehensive due diligence on the business or assets they were potentially buying. The buyer had [...]
A traditional data room is a secure room where hard copies of corporate documents are kept for confidential review. Data rooms were primarily used for the sale of businesses. Prospective buyers would schedule time in the “data room” to perform comprehensive due diligence on the business or assets they were potentially buying. The buyer had to travel (often fly) to the secure location. Then the buyer spends long-hours and often days sifting through thousands of documents. If there were more than one buyer, then each buyer would have to schedule certain days for “data room” or secure deal room access.
Firmex, the leader in branded virtual data room infrastructure, today announced significant enhancements to its technology platform to support large projects.
At Firmex we are proud to announce significant enhancements on our virtual data room technology platform. The following is an extract of the press release made public today:
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”. Read more…
