Collaboration is of great importance in today’s global and challenging business environment. It goes without saying that organizations having successful collaboration efforts will be able to experience higher business value and performance. Today, collaboration in organizations is easier and more effective through the use of collaboration technologies. The objective of this study is to investigate whether or not collaboration requirements in businesses improve firm performance. In the context of this study, we use a previously developed conceptual model of collaboration, called Requirements for Collaboration Model, by Laudon and Laudon (2011) and test whether the relationships in this model empirically hold true. More specifically, we test whether collaboration capability and collaboration technology affect collaboration quality, and whether collaboration quality have an influence on firm performance. According to the results from this analysis, we empirically show that only the relationship between collaboration capability and collaboration quality is supported, while we could not find an empirical evidence in other relationships in the model.