Wednesday, March 21, 2007

RenewData Completes Internal Round of Funding to Support Continued Rapid Growth

AUSTIN, Texas, March 21 /PRNewswire/ -- RenewData(R), a leader indiscovery services for law firms and corporations, announced today that ithad raised $5 million in a Series D financing from existing investors ABSCapital Partners and CIBC Capital Partners. Since its previous financing inAugust 2006, the Company has named Ellery Buchanan, an experiencedexecutive, as CEO; recruited several new senior managers; enhanced itsboard of directors -- all while experiencing significant growth. Thecapital will be used to support management's forward plan -- includingplanned investments in technology, quality initiatives, and sales &marketing.

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