Thursday, August 23, 2007

Clearwell Raises $17M in Additional Funding To Fuel Growth

SANTA CLARA, Calif., Aug. 20 /PRNewswire-FirstCall/ -- Clearwell Systems, Inc., the leader in Intelligent E-Discovery, today announced it has surpassed the 100 customer mark and achieved rapid acceleration in its business entering the second half of 2007, with year-to-date revenues already far exceeding the previous year. To fuel its growth, Clearwell has raised $17M in its third round of funding, which it will use to expand its sales team, launch new partnership programs, and bolster research and development. Additionally, Clearwell today announced its E-Discovery Partner Program, which includes partnerships with industry leaders such as AccessData, EMC, HP and Symantec.

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