London, May 23rd, 2019: Drooms, the leading provider of virtual data rooms in Europe, and Oodrive, the European leader in sensitive data management, today announce the signing of an exclusive commercial agreement. Both parties will market their joint solution in their respective markets: France and French-speaking territories for Oodrive, and Germany and German-speaking territories for Drooms. The companies share common approaches and values and by enhancing their offerings, they aim to win new market shares.
Complementarity and expertise
Oodrive, a French specialist in highly-secure collaboration and electronic signature solutions, meets the highest French and international certification standards and requirements with regards to sensitive data processing. It provides a solution in over 90 countries and for over 15,000 customers, including BNP Paribas, Banque de France, Axa, DGA, Air Liquide, Airbus, Kering, Air France and other companies in a range of sizes and sectors, including 80% of CAC 40 companies.
Drooms, the Frankfurt-based company, is operating in the virtual data room market, with sales offices across Europe. Its technology gives enterprises controlled access to large quantities of confidential data. Owing to the renowned quality of its proposition, Drooms leads the European market and has gained the trust of large corporations such as METRO GROUP, Deloitte, KPMG, PwC, JP Morgan, CBRE and UBS, as well as numerous SMEs.
Both businesses are set to profit from each other’s innovational expertise and local distribution network. A staff exchange is part of the cooperation: a team from each partner will join Oodrive in Paris and Drooms in Munich.
Data protection made in Europe
An important factor in the initiation of the partnership is the similarity in mindsets of the two companies. Both believe that data security will be the major issue of the future, as recent events confirm the risk of European company data migrating to the US with the support of both the Patriot Act and CLOUD Act via US companies or their European subsidiaries.
Alexandre Grellier, Co-founder and CEO of Drooms, comments on the partnership: “We are thrilled to be cooperating with Oodrive, whose focus on – and commitment to – security, trust and performance so clearly matches our own. Our alignment will create substantial value for our clients in terms of ease-of-use and security. They will particularly benefit from our common drive for innovation and our regional expertise.”
Édouard de Rémur, Co-founder and Senior Vice President of Oodrive, adds: “It is vital that French and European actors start using data sovereignty software solutions, especially when it comes to sensitive data management. Furthermore, they need to realise that there are credible alternatives to American providers, who do make quite a stir, but whose products are not as advanced as ours, and who also must comply with the CLOUD Act. For a long time Oodrive and Drooms have focused their efforts on creating expert and highly-developed products in their own sectors. It is now time for our companies to lay claim to excellence and make it known throughout Europe. Our partnership is a perfect opportunity to do so.”