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Drooms designated as European data room provider of the year

December 18, 2015

Frankfurt/London, 18th December 2015 – The readers of ACQ5 (Acquisition Finance) have favoured the secure cloud provider Drooms as European virtual data room provider of the year. The ACQ5 Global Award grants the leading deal teams, companies and experts that set standards in the market. “As M&A volumes return and promise to exceed pre-crisis level, we are witnessing an unprecedented transformation of the market and those who operate within it. Experts whose intimate knowledge and expertise in the cultural, financial and legal arenas are redefining our industry,” says Jake Robson, Group Editor of The ACQ5.

Virtual data rooms allow for the secure exchange of confidential information beyond company firewalls. With the growing internationalisation of M&A transactions, processes are increasingly complex. In order to perform efficient due diligence, choosing the right virtual data room is therefore crucial. Drooms offers not only a secure platform; it also allows the sell-side to be in control of all buy-side activities thanks to a comprehensive and flexible reporting tool. The data room allows for the allocating of responsibilities and accesses to the users. Thanks to the high load speed of documents, the data room allows for more efficient and successful transactions.

Drooms’ managing director, Jan Hoffmeister, is aware of the outstanding role played by his company in the M&A field: “Drooms has been building its reputation as a leader in the market for years. Our clients account for our long-term expertise in M&A, as much as our technological know-how.” Drooms, with its headquarters in Frankfurt and Zug, is by now an international player – the SaaS provider has offices in UK, France, Switzerland, Italy, Benelux, Greece, Spain and South America. 

The ACQ5 Global Award celebrates its 10th edition. Every year, the readers vote for the best companies and experts according to criteria such as experience, value for money and responsiveness. “The 2015 ACQ5 Global Award winners represent the best of breed in the industry and have earned these honours by standing out in a group of very impressive finalists.”

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