July 26, 2016
Toronto, July 26, 2016 – NOVACAP, one of Canada’s leading private equity firms, today announced that it has made a strategic investment in Firmex, the fastest growing provider of virtual data rooms and platform for secure document sharing. The transaction is being financed through the NOVACAP TMT IV Fund, which specializes in partnering with exceptional companies that have high growth potential in the technology, media and telecommunications sectors. NOVACAP will work with Firmex to continue to expand the company’s product offerings and accelerate its growth, both organically and through acquisitions. Joel Lessem, who co-founded the company in 2006, will continue to serve as Chief Executive Officer and, along with existing management, own a significant interest in the company.