Wednesday, September 30, 2009

Altep Acquires Chicago Based Integrated eSolutions

Altep, Inc of Texas announced it had acquired Chicago based Integrated eSolutions for an undisclosed amount. Altep reports that it acquired a strong presence in the important Chicago legal market, and Integrated eSolutions will benefit from the advanced technology and low cost processing offered by Altep from its El Paso, Texas headquarters.

Sunday, September 27, 2009

RenewData Raises $6.1M in Funding

RenewData Corp. has raised a $6.1 million round of funding.

Austin-based RenewData, which provides electronic discovery services for law firms and corporations, received the funding from 12 investors, according to a filing with the U.S. Securities and Exchange Commission.

CEO Steven Horan couldn’t be reached for comment.

RenewData, founded in 2001, employs about 175 workers.

In 2006, the company raised $30 million series C round of funding, and in 2007, it raised a $5 million Series D round of funding. It’s two investors have been Baltimore-based ABS Capital Partners and CIBC Capital Partners, which operates offices in Canada and Boston.

In August, RenewData completed its first acquisition when it bought New York-based Digital Mandate LLC for an undisclosed amount. ABS Capital Partners and CIBC Capital Partners funded the deal.

Wednesday, September 02, 2009

EMC to Acquire Kazeon Systems, Inc.

HOPKINTON, Mass. - September 1, 2009, EMC Corporation (NYSE:EMC), the world leader in information infrastructure solutions, today announced it has signed a definitive agreement to acquire privately-held Kazeon Systems, Inc.– a leading eDiscovery software provider for corporations, legal service providers, government entities and law firms. The transaction is expected to close in Q3 2009, subject to customary closing conditions and is not expected to have a material impact to revenue or EPS for the full 2009 fiscal year.

With Kazeon, EMC will be able to offer end-to-end, in-house eDiscovery and litigation readiness solutions as part of the EMC SourceOne family for integrated but modular eDiscovery, archiving and compliance. Kazeon allows organizations to quickly and reliably identify, preserve, collect, process, analyze and review information in accordance with the widely accepted EDRM (Electronic Discovery Reference Model) framework. Core to Kazeon is its ability to handle Electronically Stored Information (ESI) that resides anywhere in the enterprise environment -- including content on laptops, desktops, content management repositories (including, EMC Documentum), Microsoft SharePoint and Exchange, Lotus Domino, email archives and file shares.

Click here to read the full release.

Follow up post is that EMC paid $75 million for Kazeon.