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In February of 2019 VERTU Capital joined with BDC Capital and the Firmex executive management team to buy the company. The announcement was made on February 5th. Firmex is a popular solutions provider for secure document sharing and also virtual data rooms. The firm was previously owned by Novacap, a private equity firm that is located in Montreal. The funding for the purchase was provided by the Bank of Montreal via a debt financing agreement with the purchasing parties.
Firmex.com is a leader in the virtual data room segment. Virtual data rooms offer secure virtual spaces for clients in a wide array of businesses. In fact, since 2006 more than 120,000 companies across dozens of countries have used the company’s products. Clients use the data rooms to share complex and confidential information with the trust that the information will be protected. A virtual data room is an online repository of information. It is used for storing and distributing myriad documents. The documents can be organized and tracked when shared, with the data room administrators having full control and oversight. Virtual data rooms are effective in supporting complex business projects and processes. When the sharing or disclosure of confidential documents with third parties is necessary and must happen beyond the company firewall, a virtual data room can be essential.