Firmex Announces an Increasing Number of Corporations Choosing SaaS Solutions for Secure Online File Sharing
Firmex virtual data room solutions is seeing more corporations turn to SaaS tools to securely share files between multiple parties online.
- (1888PressRelease) September 20, 2010 - 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 Firmex, clients 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."
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."
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. Information about Firmex can be found at www.firmex.com.
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