Houston-based CloudNine, the provider of an eDiscovery automation software designed for the simplification of litigation, investigations, and audits, announced the completion of a major funding round led by private equity Crest Rock Partners of Denver.
Financial terms were not disclosed, however, CloudNine announced the latest funding would augment capacity to expand its product offerings and would help fund future acquisitions. Partners and co-founders of Crest Rock, Steve Johnson and Jeff Carnes will join the CloudNine Board of Directors, according to the company’s announcement.
Founded in 2002, CloudNine is headquartered in Houston, with firms across the country including Raleigh, North Carolina, and Dayton, Ohio, as well as remote employees working throughout the U.S.
According to CloudNine, the company’s cloud-based or on-premise software products are actively used by more than 1,000 law firms, legal services providers, government agencies, and corporations. eDiscovery automation enables customers to reduce costs associated with the collection of electronic data.