Drooms Acquires Swiss FinTech DealMarket

15. December 2016

The virtual data room provider strengthens its expertise in the field of lifecycle asset management

Urs Haeusler, Managing Director, DealMarket

Zug, 15 December 2016 – Drooms AG, the leading European provider of virtual data rooms, has agreed a deal to acquire DealMarket AG with effect from 1 January 2017. DealMarket, a FinTech company founded in 2010, has developed a cloud-based software package for private equity investors, family offices and corporate finance experts, allowing them to centrally manage the deal flow and exchange with internal and external parties. The Swiss company headquartered in Zurich also offers a global marketplace where private equity investors, service providers and co-investors can both list their own items for sale as well as search for deals and services from other parties.

Strategic portfolio expansion

With this acquisition, Drooms is strengthening its service portfolio centred entire asset lifecycles. As a digital pioneer on the virtual data room market, Drooms conducted the first online due diligence processes for transactions such as mergers and acquisitions, real estate transactions and fundraising via virtual data rooms 15 years ago. DealMarket’s deal flow management software represents a strategic expansion of Drooms’ service portfolio. While Drooms is above all occupied with the exchange of confidential documents, DealMarket’s core competencies lay in the field of process management for investments. Creating a link between both platforms offers customers a comprehensive overview of their assets and projects.

In this respect, Drooms supports the entire lifecycle process for investments and assets: this starts from the initial customer contacts, through the purchase and hold phase right up to a potential sale of the asset. DealMarket’s deal flow management software provides the right system to structure and document the most important information to achieve this objective. Investors retain an optimum overview of their project portfolio at all times. Jan Hoffmeister, co-founder and CEO of Drooms, was enthusiastic about the partnership with the multi-award-winning Swiss FinTech company: “With the acquisition of DealMarket we are closing in on our target of managing the entire lifecycle of valuable assets. DealMarket has done some excellent development work in this area, developing an innovative, industry-tailored solution in the process. In strengthening the Drooms team with the experience and expertise of DealMarket employees, we are now in a position to offer even more services from a single source.”

Market leaders on account of sustainable growth

The eleven-strong DealMarket team will in future expand the existing software portfolio working under the Drooms brand. Urs Häusler, managing director of DealMarket, which in future will be responsible for the global roll out and will manage the Swiss market for Drooms as well, was delighted with this development: "We look forward to our shared future. Drooms presents us with the opportunity to reach an extensive and mature client portfolio.”

Drooms was founded in 2001 and has since been established as a pioneer on the virtual data room market in Europe.  Regular investments in technology, employees and expertise has strengthened the company and reinforced its claim to market leadership. The international company was recently awarded the Deloitte Technology Fast 50 award. In Autumn, Drooms presented the next generation in online due diligence: Drooms NXG.