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Firmex Virtual Data Room Reviews & Product Details - Page 2

Firmex Virtual Data Room Overview

What is Firmex Virtual Data Room?

More deals, diligence, and compliance gets done in Firmex data rooms. With over 20,000 new rooms opened yearly, thousands of businesses manage highly sensitive projects and processes with Firmex. Our robust and secure data rooms and industry-leading customer service give you control over your critical documents. Firmex's flexible pricing is unique with an unlimited data room subscription or per-use transaction pricing. SOC 2, GDPR, HIPAA compliant. SSO, API and Redaction.

Firmex Virtual Data Room Details
Product Website
Languages Supported
English, French
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Product Description

Firmex Virtual Data Room is one of the most widely used virtual data rooms (VDR). With more than 20,000 new rooms opened every year, we support more deals than anyone. Our simple and secure data rooms, along with our award-winning customer service, give you confidence and control over your critical documents.

How do you position yourself against your competitors?

Stay Ready With a Subscription
Get access to unlimited data rooms, avoid overage fees & per page limits with our subscription-based pricing. We also offer our data rooms through convenient, per-project pricing.

All The Features You Need
None of the ones you don’t. Get all of the core capabilities you would expect from one of the world’s most widely used data rooms, from limitless document uploading to advanced document protections, in an intuitive, easy-to-use interface.

Easy Virtual Data Room Setup
Be up and be running in minutes. Drag and drop documents and folders & seamlessly manage user or group permissions.

Instant Live Support
We’re here to help with answers to any questions, or to share best practices, tips, and tricks. And we’re committed to respond instantly.

World-Class Security
The most demanding global companies & financial institutions rely on Firmex’s world-class security, encryption, & organizational compliance to safeguard documents & keep your deals and projects going.


Seller Details
Seller
Firmex
Company Website
Year Founded
2006
HQ Location
Toronto, ON
Twitter
@Firmex
1,530 Twitter followers
LinkedIn® Page
www.linkedin.com
189 employees on LinkedIn®
Description

Firmex is one of the most widely used virtual data rooms. With more than
0,000 new rooms opened every year, we support more deals than anyone. Our simple and secure data rooms, along with our award-winning customer service, give you confidence and control over your critical documents.


NR
Overview Provided by:

Recent Firmex Virtual Data Room Reviews

CG
Camilo G.Enterprise (> 1000 emp.)
5.0 out of 5
"Amazing data room expirience"
Robust Security, User-Friendly Interface, Comprehensive Feature Set, Firmex offers a wide range of features to streamline the due diligence proce...
Tony C.
TC
Tony C.Small-Business (50 or fewer emp.)
4.5 out of 5
"Powerful System with great features"
Ease of upload /dowload features. Super security features to restirct users to only what they ned to see as a transactions progresses. Great suupo...
KC
Kelly C.Enterprise (> 1000 emp.)
4.5 out of 5
"Easy to Use Secure Environment"
Security, comfort knowing that security is quite locked down. Easy to use and Navigate.
Security Badge
This seller hasn't added their security information yet. Let them know that you'd like them to add it.
1 person requested security information

Firmex Virtual Data Room Media

Firmex Virtual Data Room Demo - Organize files
Files are organized the same way they were on the users's hard drive
Firmex Virtual Data Room Demo - View Documents Online
Keep documents safe by viewing online without downloading
Firmex Virtual Data Room Demo - Granular User Permissions
Permissions can be applied as general, or as granular as needed
Firmex Virtual Data Room Demo - Secure Redact Feature
Securely redact personally identifiable and sensitive information—all without leaving your Firmex virtual data room
Firmex Virtual Data Room Demo - Analyze VDR activity
View a VDR activity report by selecting a chart or using the side menu
Firmex Virtual Data Room Demo - Text Search Feature
Locate documents instantly with the full text search feature
Play Firmex Virtual Data Room Video
Play Firmex Virtual Data Room Video

Official Downloads

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70 Firmex Virtual Data Room Reviews

4.6 out of 5
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70 Firmex Virtual Data Room Reviews
4.6 out of 5
70 Firmex Virtual Data Room Reviews
4.6 out of 5

Firmex Virtual Data Room Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for Firmex Virtual Data RoomQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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G2 reviews are authentic and verified.
Verified User in Financial Services
UF
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Firmex Virtual Data Room?

VDR interface is very easy to use.

I like the print Index function the most where I can see what types of files are in the folders. Review collected by and hosted on G2.com.

What do you dislike about Firmex Virtual Data Room?

VDR is very easy to use and straightfoward. No dislikes Review collected by and hosted on G2.com.

What problems is Firmex Virtual Data Room solving and how is that benefiting you?

Share data easily with other counterparties Review collected by and hosted on G2.com.

Response from James Le huquet of Firmex Virtual Data Room

Thanks for the feedback, always great to hear when someone posts a positive response like yours. We look forward to continually working with you on all your VDR needs.

Verified User in Consulting
AC
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Firmex Virtual Data Room?

Ease of use and superb customer service, all at a reasonable price. I find uploading and downloading files less tedious than most competitor sites I've used. Review collected by and hosted on G2.com.

What do you dislike about Firmex Virtual Data Room?

Sometimes I think figuring out permissions when there are multiple folders in a data room could be a little easier, but I'm being nit picky just to have some sort of minor negative. Also, I would like to be able to delete groups or people without having to contact customer service, but I understand the reason this is set up the way it is. Review collected by and hosted on G2.com.

What problems is Firmex Virtual Data Room solving and how is that benefiting you?

Firmex VDR serves as an easy way to have clients securely upload sensitive/confidential (and all other) information Review collected by and hosted on G2.com.

Response from James Le huquet of Firmex Virtual Data Room

Thanks for the feedabck on the ease of use and our customer service team, as both of those are part of our competitive advantage within the industry. We offer one of the only solutions with the ability to upload/download 50 GB within the browser at a time. As for deleting groups and users, you can do that through the group tab via drop down arrows that are available as you do not have to contact support if you have the admin ability to do so. Here is the link to our Knowledge Base for deleting groups - https://support.firmex.com/hc/en-us/articles/216254358-How-do-I-delete-a-group

See how Firmex Virtual Data Room improved
Verified User in Law Practice
UL
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Firmex Virtual Data Room?

The data room is well organized and can be personalized in accordance with the nature of the documents included in the data site. The security of the data room is impressive and the features are easy to use. Review collected by and hosted on G2.com.

What do you dislike about Firmex Virtual Data Room?

The layout could be updated to be more user friendly. Review collected by and hosted on G2.com.

What problems is Firmex Virtual Data Room solving and how is that benefiting you?

Storage of diligence documents and it allows the transaction to proceed by allowing secured access to all permitted parties. Review collected by and hosted on G2.com.

Response from James Le huquet of Firmex Virtual Data Room

Thanks for the feedback on how easy the functionality of the platform was to use. As for the User interface, we are in the process of updating the platofrm and have implemented part of that change with the rest to be rolled out.

Verified User in Financial Services
AF
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Firmex Virtual Data Room?

It is very user-friendly and the Firmex support is extremly responsive. I never experienced an issue after using it daily for many months. Review collected by and hosted on G2.com.

What do you dislike about Firmex Virtual Data Room?

I wanted to see for a specific document which access was given to which group and by whom, but this is unfortunately not a data that is available. Review collected by and hosted on G2.com.

What problems is Firmex Virtual Data Room solving and how is that benefiting you?

Managing a large amount of documents and giving various access and restrictions to different groups of buyers / consultants. I also appreciate the "offline" function that allows me to prepare the documents before making them accessible. Review collected by and hosted on G2.com.

Response from James Le huquet of Firmex Virtual Data Room

Thanks for the feedback on the user-friendliness of our interface and the support response, as both of those are competitive advantages we have over our providers in the VDR space. As for seeing specific document permissions, we have a tool called View As which allows you to see what guest users have and don't have access to.

See how Firmex Virtual Data Room improved
Niral M.
NM
CFO
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Firmex Virtual Data Room?

Firmex provides a very robust portal and administrative capabilities to manage a data room.

The interface is intuitive and very easy to navigate. Review collected by and hosted on G2.com.

What do you dislike about Firmex Virtual Data Room?

The upload feature requires a refresh. But it is a small hassle Review collected by and hosted on G2.com.

What problems is Firmex Virtual Data Room solving and how is that benefiting you?

Access control to data on terms that we can set Review collected by and hosted on G2.com.

Response from James Le huquet of Firmex Virtual Data Room

We appreciate the feedback when it comes to user interface and the intuitiveness of the platform. Our upload feature has been improved to allow up to 50 GB of data which is the most in the industry, as industry standards are 5 GB. We are also in the process of improving our current UI look to be more updated.

Verified User in Financial Services
UF
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Firmex Virtual Data Room?

The functionality of the tool is very simple and intuitive. It is very quick and easy to setup a secure data room. The ability to redact in the tool and quickly verify how each user group will see things is great. Quick to respond customer support team and the account managers are very accessible as well. Review collected by and hosted on G2.com.

What do you dislike about Firmex Virtual Data Room?

THe Q&A group settings and the limitations on one user only being able to have one function. Review collected by and hosted on G2.com.

What problems is Firmex Virtual Data Room solving and how is that benefiting you?

Being able to easily share and collect documents in a secure manner. Review collected by and hosted on G2.com.

Response from James Le huquet of Firmex Virtual Data Room

Thanks for the amazing piece of feedback, it's always great to hear about a users experience with our redaction tool and overall intuitiveness of the product. I am curious to better understand how you would want a user to have multiple roles within the Q&A tool, feel free to connect with me directly at james.lehuquet@firmex.com.

Verified User in Accounting
AA
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Firmex Virtual Data Room?

User friendly, lots of features, looks good. Review collected by and hosted on G2.com.

What do you dislike about Firmex Virtual Data Room?

Expensive once you have lots of mandates and/or large GB files. Review collected by and hosted on G2.com.

What problems is Firmex Virtual Data Room solving and how is that benefiting you?

Deal rooms and place for clients to upload lots of documents Review collected by and hosted on G2.com.

Response from James Le huquet of Firmex Virtual Data Room

Thanks for the feedback around the user friendly experience when accessing Firmex. As for pricing, we offer a top tier platform at a mid-level price point with a fixed storage offering compared to per page legacy providers which makes cost unpredictable.

Verified User in Renewables & Environment
UR
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Firmex Virtual Data Room?

One stop repository for all things related to project lending/financial/lender due diligence Review collected by and hosted on G2.com.

What do you dislike about Firmex Virtual Data Room?

No dislike - very happy with the setup that firmex provides. Review collected by and hosted on G2.com.

What problems is Firmex Virtual Data Room solving and how is that benefiting you?

Firmex supplies our staff a safe haven for sharing cofidential documents relating to internal matters related to communication with lenders. Review collected by and hosted on G2.com.

Response from James Le huquet of Firmex Virtual Data Room

Thanks for the positive feedback and great to hear. We look forward to continually working with you on all your VDR project needs.

Verified User in Information Technology and Services
UI
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Firmex Virtual Data Room?

Security: One of the primary considerations for a virtual data room is the level of security it provides. Firmex is known for its enterprise-grade security features, including encryption at rest and in transit, multi-factor authentication, and granular access controls.

User-Friendly Interface: Users often note that Firmex has an intuitive interface that makes it easy to upload, manage, and share documents. This reduces the learning curve for new users.

Customization: Firmex allows users to customize the data room's appearance to match their company's branding, which can provide a more professional look for clients and partners accessing the room. Review collected by and hosted on G2.com.

What do you dislike about Firmex Virtual Data Room?

I really enjoy the product. Thank you for creating it Review collected by and hosted on G2.com.

What problems is Firmex Virtual Data Room solving and how is that benefiting you?

Mergers and Acquisitions (M&A): During M&A activities, companies share a lot of sensitive data. Virtual data rooms provide a secure environment to facilitate this data sharing.

Due Diligence: Whether for financial, legal, or corporate transactions, due diligence requires the examination of a significant amount of documents. A virtual data room ensures these documents are organized and accessible only to authorized personnel.

Fundraising: Companies looking to raise capital may use virtual data rooms to provide potential investors with access to financial statements, business plans, and other relevant documents.

IPO Preparation: Companies preparing for an Initial Public Offering (IPO) can use a virtual data room to manage and share necessary documentation with regulators, advisors, and potential investors.

Asset Sales: When selling business assets, a company might use a virtual data room to provide potential buyers with detailed information about the assets in question.

Litigation & Legal Affairs: Lawyers and legal professionals might use virtual data rooms to share sensitive documents related to a case or legal transaction.

Real Estate Transactions: Virtual data rooms can help manage and share documents related to property sales, lease agreements, and other real estate dealings.

Document Repository: Some businesses use virtual data rooms simply as a secure repository for essential documents that can be accessed anytime from anywhere. Review collected by and hosted on G2.com.

Response from James Le huquet of Firmex Virtual Data Room

Thanks for the amazing feedback and write up on your experience with Firmex, it's always great to hear. As your use cases have been outlined it sounds like you are utilizing the product to it's fullest and we look forward to working with you on all your VDR needs!

RC
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite on behalf of seller
Incentivized Review
What do you like best about Firmex Virtual Data Room?

Easy upload of documents and tracking who has accessed what Review collected by and hosted on G2.com.

What do you dislike about Firmex Virtual Data Room?

Storage limits are way too low without having to purchase more. Cloud storage is really cheap these days Review collected by and hosted on G2.com.

What problems is Firmex Virtual Data Room solving and how is that benefiting you?

sharing data with funders and acquisition targets Review collected by and hosted on G2.com.

Response from James Le huquet of Firmex Virtual Data Room

Thanks for the feedback on your experience with uploads as we have made significant improvements to speed and size of upload capabilities. As for storage, we provide a fixed fee compared to legacy providers offering per page pricing models which is very difficult if not impossible to predict. As for storage, there is a difference in storage for VDR providers vs telecommunications you may be referring to. Storage in transit and us, vs cell phone storage. Happy to connect with you further to discuss pricing or have a rep chat with you as well, feel free to reach out to me at james.lehuquet@firmex.com