Firmex Virtual Data Rooms has announced its partnership with Geosoft as a preferred data room supplier, focusing on the mineral exploration market.

Firmex cloud-based virtual data rooms are used by mining, finance, legal and corporate professionals to securely share large volumes of sensitive documents outside the corporate firewall. Over 44,000 organizations use the Firmex platform, including 7 of the Top 10 mining companies, and two thirds of the Fortune 500.

Exploration companies are challenged to advance their projects and business objectives while faced with significant capital constraints. Storing and sharing documentation associated with stringent compliance and reporting requirements, and rising volumes of corporate, financial and technical information can be time-consuming and expensive. The Firmex and Geosoft partnership provides exploration companies with a turn-key, cost effective and secure document management platform.

“Explorers are facing a lot of pressure when it comes to accessing capital, and here is an opportunity for us to reduce their costs,” said Tim Dobush, CEO of Geosoft.  “They can now keep their corporate governance information in a secure site, accessible from anywhere in the world. This reduces their overhead costs without compromising security, accessibility and scalability.”

“Virtual data rooms are increasingly being utilized by exploration professionals to streamline their portfolios and deepen relationship with their PE partners,” explained Joel Lessem, CEO of Firmex. “Above and beyond financial transactions, they are using Firmex to increase operational transparency by being able to share confidential documents with key stakeholders in an organized, secure and instantaneous manner.”

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