Firmex, the leading virtual data room provider, identified a significant increase in M&A deal activity by the end of Q1 2010.
(PRWEB) April 7, 2010 -- Firmex, the leading virtual data room provider, reported a 24% jump in M&A Deal Activity from February to March 2010, eclipsing the fall market-peak in November 2009.
 Our M&A clients are in the business of finding and closing deals, Firmex provides the most convenient online deal room tools to make that process convenient and help them maintain the deal velocity. 
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Over the past several years, deal activity has been affected by seasonality as volume tends to increase slightly in the spring and fall months. The exception to this trend was Q4, 2008 which saw a 20% decline in activity from the summer months due to the stock market crash. March 2010 M&A activity has now eclipsed the fall market peak in mid-November 2009.
With Firmex, M&A advisors and corporate development staff can create an unlimited number of virtual data rooms and an unlimited number of documents. While credit is tight, deals can take longer and closing them is not assured - it’s important to have diligence documents organized ahead of time so that the process is not interrupted once the LOI is signed. Firmex clients have the flexibility to keep the diligence documents online for an indefinite period to time, in case the deal stalls and starts up again at a later date. “Our M&A clients are in the business of finding and closing deals, Firmex provides the most convenient online deal room tools to make that process convenient and help them maintain the deal velocity” says Aaron Booth VP Sales at Firmex.
ABOUT FIRMEX:
Firmex is a virtual data room provider designed for law firms, investment banks, private equity firms, accountancies and corporations worldwide. Firmex provides legal, financial and corporate professionals with a privately branded website that streamlines the process of deal and document distribution, accelerates workflow and effectually attains new profit potential.
Blog: blog.firmex.com
Twitter:@Firmex
Firmex Customers:
Our key client segments are Investment banking, Legal, Private equity, Life Sciences, Real-Estate and Resources. Clients are primarily located in the US, Canada and Europe, and range from boutique organizations to global investment banks, law firms and fortune 500 companies.
Firmex Solutions:
Firmex is primarily used as a Virtual Data Room for conducting due diligence in M&A, corporate finance and licensing deals. Increasingly, Firmex is being used as a document repository in litigation. Law firms also use Firmex for client extranets to access or review key documents and to collaborate with clients online. Corporations use Firmex for collaboration and reviewing key documents for financing transactions and financial audits. Firmex’s document versioning and execution features allow it to also serve as a “deal room” for transaction closings.
Key Value for our Clients:
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[Via Legal / Law]
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