Firmex Virtual Deal Room by Firmex Inc.
Firmex is the first commercially available Software as a Service product that:
1) Makes running a corporate transaction greatly more organized and efficient from start to finish,
2) Gives all parties to a transaction far more accessible and convenient access to documents relevant to their business, and
3) Is branded with the name and graphics of the law firm — if the licensee is a law firm, this branding by the law firm makes a strong marketing statement to all other collaborating users, including clients and other advisors.
The initial prototype was developed by Version 5.1 Inc. (a website developer) under the guidance of Davies Ward Phillips & Vineberg LLP. In 2006, Version 5.1 incorporated Firmex Inc to develop and capitalize a software company to market a commercial product.
Over 230 organizations have licensed the Firmex product since January 2007 (many of which are law firms in North America and in several offshore countries) and they collectively and continually give feedback and input to the product’s ongoing evolution. In the space of two years, the Firmex product, using the power of Web 2.0 technology, has transformed transactional work, providing corporate attorneys and their clients with increased control, organization and satisfaction.
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