London, May 23rd, 2019 – Oodrive, the European leader in sensitive data management, and Drooms, the leading provider of virtual data rooms in Europe, 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
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.
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.
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.
Both companies stress the high security of their servers, Board Communication and Data Room products as independent European companies.
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.”
Drooms, the leading provider of virtual data rooms in Europe, allows companies to have controlled access to confidential corporate data across company boundaries and specialises in providing tailored solutions for the entire value chain and lifecycle management of assets. Confidential business processes such as commercial real estate sales, mergers and acquisitions and non-performing loan (NPL) transactions are handled securely, transparently and efficiently by Drooms. More than 25,000 companies around the world currently use Drooms including leading global real estate companies, consultancy firms, law firms and corporations such as METRO GROUP, Evonik, JLL, JP Morgan, CBRE, REWE and UBS. Over 10,000 complex transactions amounting to a total of over EUR 300 billion have been handled by the software specialist.
For more information: www.drooms.com
Awatif El Hilali
Senior Communications & Brand Manager