Friday, August 18, 2006

RenewData Secures $30 Million in Series C Funding

AUSTIN, Texas, Aug. 17 /PRNewswire/ -- RenewData®, a leader in the development of the Information Governance vision, providing full-service electronic discovery, email archiving, and compliance solutions, today announced completion of a $30 million dollar round of Series C financing. ABS Capital Partners, a leading private equity firm focused on investing in established and profitable growth companies, led the financing, with participation from existing investor, CIBC Capital Partners, a leading private equity group focused on growth-oriented businesses in dynamic industries.

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