Firmex


Firmex is a new player in the market filled with huge VDR enterprises, which was set up in 2006. However, it can definitely be called a brave start-up. Headquartered in Toronto, Canada, it caters to private equities, law firms, due diligence M&A advisory and small to large businesses.

This data room service provider has already managed to get the respect of 75,000+ clients. Among them, you may see a number of world giants, including Deutsche Bank, PWC, Deloitte and a range of legal companies, M&A, investment banks, enterprises working in the pharmaceutical, mining, energy and other sectors.

The Main Features

  • Assigning user roles;
  • Checking security settings;
  • Adding and inviting users Drag&Drop uploads and uploading via email;
  • Automatically organizing new documents;
  • Restricting access and printing and saving;
  • Branding;
  • Forwarding attachments from mobile devices;
  • It is compliant with the UK Data Protection Act, EU Data Protection Directive, and HIPAA & SOC2;
  • Has customizable DRM and access settings, etc.

Advantages of Using Firmex Data Room

The main features of Firmex data room include the following:

  • Data security;
  • Document management;
  • Reporting and audit trails;
  • Two-factor authentication;
  • Possibility to organize documents implementing the software versioning feature;
  • Management of user access;
  • Ability to preview data rooms;
  • Software modules – Document Sharing and FileSend;
  • Customer support.

What’s also great about Firmex data room is that new convenient and user-friendly features are implemented with every update.

Pros:

-No overrun of costs. Firmex provides unlimited storage and users.

-Control of sensitive information combined with enhanced security for PDF and MS Office files.

-Virtual data room due diligence is even greater. Being a secure sharing solution, Firmex supports document-intensive business processes and highly confidential documents and requires that a number of parties could share data across firewalls.

-Risk reduction with added reporting and control.

-Improved productivity due to streamlined sharing of documents.

-14-day trial and fixed price for easy-to-setup, unlimited- and intuitive-use platform.

Cons:

-One virtual data room review reported limited security functionality;

-No online help center

VDR services provided by Firmex had an impact on promoting greater transparency and efficiency in financial transactions. The deep insight into the client’s demands and project consultations, as well as a complex security system, makes it a 100% secure data room online.

Firmex features:

Industry Solutions
Bankruptcyyes
Biotech Licensingyes
Clinical Studiesyes
Debt Financingyes
Distressed Real Estateyes
Document Repositoryyes
Due Diligenceyes
Fundraisingyes
Hedge Fundsyes
Litigationyes
M&A Buy Sideyes
M&A Sell Sideyes
Post Mergeryes
Private Equityyes
Procurement Managementyes
Restructuringyes
Board Portalsno
IPO & Exitsno
FILES & FOLDERS MANAGEMENT
File Formats Supported:PDF, MS Office
Drag & Drop Upload of Multiple Files and Foldersyes
Export of Data Room Index to Excelyes
Document Version Controlyes
Automatic Numerical Indexing of Files & Foldersno
Desktop Synchronizationno
Archives Upload & Extractionno
Multilingual Documents Indexno
FILE PROTECTION & DIGITAL RIGHTS MANAGEMENT
Customizable Document Watermarksyes
Document Access Expiryyes
256-Bit SSL/TLS Encryptionyes
Data at Rest Encryptionyes
Granular Document Permissionsno
View-Only Accessno
Prevention of Download, Print and Copyno
Remote Shredding of Documentsno
Secure Fence Viewno
DATA HOSTING
99.9% Uptime Guaranteeyes
SOC 2 Certifiedyes
SSAE 16 Certifiedyes
Data Backupyes
ISO 27001 Certifiedno
Virus Scanningno
ACCESS SECURITY
No Pluginsyes
Scroll-Through Web-Based Document Vieweryes
Web-Based Excel Spreadsheets Vieweryes
iOS Applicationyes
User Interface Languages:English, French
Android Applicationno
Mobile Device Interfaceno
SEARCH, OCR & FILTERS
Search by Nameyes
Search by Content (Full Text Search)yes
Filtering by Parametersyes
OCR (Optical Character Recognition)no
COLLABORATION FEATURES
Basic Questions & Answers Moduleyes
New Document Email Notificationsyes
Advanced Questions & Answers Moduleno
Secure User Messagingno
Files & Folders Notesno
ACTIVITY TRACKING & REPORTING
Tracking of All User Activityyes
Real-Time Audit Trailyes
Exporting Reports to Excelyes
Tracking of Document Viewing Timeyes
Graphic Reportsno
Scheduled Reports (Sending to Email)no
CUSTOMIZATION
Branded User Interfaceyes
Custom Login Pageyes
Custom User Invitation Letteryes
Integrations Through APIsyes
Custom Domainno
Custom Agreements for Accessing Data Roomno
Active Directory Integrationno
Single Sign-On Integrationno
Customer-Managed Encryption Keysno
Custom Workflows and Featuresno
SUPPORT & SERVICES
Business Hours Supportyes
24/7 Email Supportyes
24/7 Phone & Email Supportyes
Support Languages:English, French
Online Help Centerno
Live Trainingsno
Dedicated Project Managerno
Data Room Archive on DVD or USB Driveno
Translation Servicesno
DEPLOYMENT OPTIONS
Cloud (Web-Based)yes
On-Premise (Installed)no
Multiple Datacenter Locationsno
COMPANY INFO
Established:2006
Locations:Canada
Employees:83
Clients:United Mergers & Acquisitions, GCA Savvian, Davy, Kipps DeSanto, CellCentric, Labopharm, Excaliard Pharmaceuticals, Biodel, BioWest Therapeutics, OSI Pharmaceuticals, NuPathe, Lawson Products, RNC , First