Denver based, private equity firm, Crest Rock Partners closed a round of funding in CloudNine, a provider of eDiscovery automation software simplifying litigation, investigations, and audits. Steve Johnson and Jeff Carnes, partners and co-founders of Crest Rock will join the CloudNine board of directors.
Tony Caputo, CEO of CloudNine, said, “Since CloudNine’s inception, we have been helping businesses navigate the intricacies of eDiscovery technology. Within the last decade, the rapid addition of new communication mediums has made identifying, collecting, and storing information in response to a request for production in a lawsuit or investigation more difficult than ever to capture and process. Corporations, law firms and other legal service providers need strong partners like CloudNine to automate the process in an easy and intuitive manner. This investment capital will enable us to increase our investment in additional product offerings and allow both new and existing customers to rely on CloudNine to manage eDiscovery complexity,” said
“CloudNine has a culture that is deeply rooted in serving its customers through its world class products and support,” commented Johnson. “We have followed CloudNine’s growing momentum over the last several years and jumped at the chance to make a growth investment into the business. We are excited to partner with the CloudNine team and look forward to building upon their recent market momentum.”