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Due Diligence for M&A: Drooms confirms its position as the European market leader

September 8, 2016

Drooms repeatedly awarded for its secure virtual data room. Readers of the magazine ACQ5 distinguished Drooms again as the ‘Europe-VDR provider of the year’. Wealth & Finance Magazine appoints Drooms ‘Best Secure Virtual Data Room Provider – Europe & Most Innovative Asset Management & Due Diligence Products’.

drooms award winner acq5 wealth and finance 2016

London/Zug, 8th September 2016 – Drooms, Europe’s leading provider of virtual data rooms, has been awarded the Alternative Investment Award 2016 by Wealth & Finance Magazine in the category ‘Best Secure Virtual Data Room Provider – Europe & Most Innovative Asset Management & Due Diligence Products’ and the ACQ5 Global Award 2016 in the category ‘Europe – VDR provider of the year’. These two awards confirm the leading position of the secure cloud provider in the European market for virtual data rooms and reiterate its role in the implementation of online due diligence in mergers and acquisitions (M&A).

Awards for Industry Expertise and Innovation

‘The winners of ACQ5 Global Awards 2016 represent the best in the industry and choose leaders, teams, experts, and companies that prove their standards and best practices in the business world’, said Jake Robson, the publisher of ACQ5. Drooms was also recognised as Europe’s leading data room provider in 2015. In recent years, the investment industry has grown rapidly, and the Alternative Investment Awards 2016 highlights companies, departments, and individuals that have affected this dynamic industry. From multinational corporations to individual investors, the awards recognise those who permanently change the financial landscape with their contributions.

Drooms – Pioneers of European Online Due Diligence

Drooms has established itself as a pioneer in the field of online due diligence as the first provider of virtual data rooms in Europe since its foundation in 2001. The privately held company has over 20,000 businesses all over the world on its client list. Drooms’ secure platform supports all its users in their complex transactions, such as M&As, commercial real estate transactions, fundraising, or initial public offerings (IPOs). ‘We are very proud to receive the award from the magazine ACQ5 in the second consecutive year and proud to have been awarded by the Wealth & Finance for the first time. This double recognition shows that we were able to convince the industry experts that our innovative and highly secure solution satisfies the market needs in terms of speed, confidentiality, and efficient workflows for online due diligence’, said Managing Director of Drooms Jan Hoffmeister, who was delighted to receive both awards. Drooms is headquartered in Zug and is internationally active in Frankfurt, London, Paris, Amsterdam, Vienna, Madrid, and Milan.

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