Drooms cements its position as leading data room provider in Europe with 20 per cent growth in 2021
28. February 2022
- User growth of over 50 per cent on Drooms' digital platform
- International growth of 45 per cent outside the DACH region
- APIs and ESG as drivers for more digitisation in the real estate sector
London, 28th February 2022 - Drooms, Europe’s leading provider of digital platforms for real estate assets, achieved 20 per cent growth in 2021 further cementing its market leading position.
The data room provider’s growth was in part driven by an impressive 50 per cent increase in the users of its platforms, highlighting the need and appetite for greater digitisation in the real estate industry. According to data from the German information service Thomas Daily*, more than 60 per cent of the top 20 commercial real estate transactions in its home market Germany were carried out via the Drooms digital platform.
Drooms’ growth was also underpinned by the firm continuing to expand its global footprint with international growth outside of its DACH home market reaching 45 per cent in 2021. Especially in the markets UK, France, Spain, Benelux and Italy, the demand for innovative digital solutions to streamline and improve operational processes is increasing rapidly. This international expansion further illustrates that the global real estate investment community is ready to put the digitisation of the sector to another level.
Finally, the firm’s growth was supplemented by a 50 per cent increase in the number of users of the platform via its online shop over 2021.
Alexandre Grellier, co-founder and CEO of Drooms said: "Despite the challenges presented by the global pandemic to businesses and investors across the real estate world, we are encouraged to see continued growth in our platform and offering. Since our inception 20 years ago, we have always strived to be at the forefront of innovation and provide our clients and prospects with a platform that is fit for purpose for the future, not just for today. 2021 was a transformational year for our business as not only did we see organic growth, but also invested in DocEstate, a German start-up firm which digitises public authority requests and simplifies access to information.”
Looking ahead, Drooms has set its sights high for the 2022 financial year with the objective to grow by a further 20 per cent and increase its number of employees by 25 per cent. The firm is convinced that the increasing importance of sustainability and ESG criteria, which require complete and reliable data, and user demand for so-called APIs (application programming interface), which enable a way of communication between different programs and systems, will be the driving factors to further growth.
Rosanna Woods, Managing Director UK and BeNeLux at Drooms, said: "We pride ourselves on being able to tailor our services and technologies to the needs of the real estate industry. Our goal is to map the asset lifecycle management process completely digitally from start to finish, in order to offer our users an all-round service. "With our digital solutions, we are laying the foundation in the industry in terms of innovation, efficiency and data security, and we will continue to build on this in 2022."
*The information is based on a listing of the information service Thomas Daily on the top deals 2021 in Germany.
Drooms, Europe’s leading provider of virtual data rooms, grants companies controlled access to confidential corporate data across company boundaries and specialises in customised solutions across the entire value-added chain. In addition to securely handling confidential business processes such as commercial real estate sales, mergers & acquisitions and NPL transactions via Drooms TRANSACTION, Drooms PORTFOLIO maps all stages across the entire Lifecycle Asset Management process on a single platform. Currently, more than 25,000 companies across the world use Drooms, including leading global real estate companies, consultancy firms, law firms and corporations such as the METRO GROUP, Evonik, JLL, JP Morgan, CBRE, Rewe and UBS. The software specialists have concluded over 15,000 complex transactions with a total volume of more than EUR 500 billion.