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Firmex Inc. Announces an Increase in the Number of Corporations Choosing SaaS Solutions for Secure Online File Sharing

Toronto, Canada, September 20, 2010 --( Firmex, a virtual data room service provider, announced recently an increase in the number of corporations utilizing SaaS services for secure online file sharing. Corporations of various sizes across multiple industries are increasingly turning to SaaS solutions to share large volumes of critical information beyond their office firewall.

Historically, sharing documents online in virtual data rooms have primarily been used for due diligence in M&A, fund raising, refinancing, and real estate transactions.

Corporations are now recognizing the value of sharing information online to complement or improve internal and external business processes, streamlining real world business challenges such as RFPs, Engineering, Procurement and Construction compliance, financial reporting, audits, board communications or simply having an accessible repository of key legal documents. Documents are often more secure online than stored on in-house computers or distributed via email. Using SaaS virtual data rooms such as Firmex, clients can organize and access millions of documents in a SAS 70 compliant environment with encryption transmissions, and fully segmented and secure databases with mission critical redundancy, which is often not the same environment that office computer storage provides.

“Most companies are continuing to send large volumes of information as email attachments or have built expensive intranets to share highly confidential information,” states Aaron Booth, VP Sales at Firmex. “Email is not secure and internal solutions tend to be expensive to develop and maintain. A hosted, turnkey solution can provide security, risk management and business continuity at fraction of the cost of in house solutions.” Booth continues, "During the first three quarters of 2010, we've seen a steady increase of corporations turning to virtual data rooms for secure file sharing."

In the past six months, energy, biotech, manufacturing, health care and pension fund corporations have been actively seeking a more secure way to share information. “The reality is, no matter what business you are in, there is always a need to securely share large volumes of information easily and cost effectively” concludes Booth.

About Firmex

Firmex provides virtual data rooms designed for law firms, investment banks, private equity firms, accountancies, life sciences organizations and corporations worldwide. Firmex technology facilitates, streamlines and accelerates the exchange of critical information within a secure online environment to improve operational efficiencies and increase deal velocity. For more information about Firmex, visit


Contact Information:
Aaron Booth

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