Datasite, formerly Merrill Corp., announced Monday it acquired Firmex, a Toronto-based secure-document-sharing platform.
Firmex, which provides its customers with document sharing across loan syndication, fundraising and licensing deals, will run as a strategic business unit within Minneapolis-based Datasite and will function as a standalone entity.
Financial terms of the deal weren't immediately available.
“Datasite is focused on providing global dealmakers with innovative technology that helps them accelerate and improve outcomes across the entire deal lifecycle,” said Datasite CEO Rusty Wiley in a statement. “The acquisition of Firmex supports our aggressive growth strategy into new markets, including supporting a wider range of use cases.”
Datasite, which specializes in mergers-and-acquisition software, is acquiring Firmex from majority owner Vertu Capital, a Toronto-based private equity firm.
“Datasite’s investment will help us further expand our growing subscription-based business within the lower middle-market, as well as pursue new opportunities,” said Joel Lessem, CEO of Firmex.
Datasite was acquired in 2020 by CapVest, a London-based private equity firm.
Earlier this year, Datasite opened offices in Stockholm and Los Angeles.
