StoredIQ Inc., an Austin, Texas-based provider of Intelligent Information Management solutions for eDiscovery, records and compliance management, has closed $10m in new investment financing.
Investors include PerformanceEdge Partners and S3 Ventures.
The funds will be used to expand the company’s marketing and sales initiatives and grow new partnerships.
StoredIQ also appointed Phil Myers as the new CEO and H.E. Buddy Wilson as vice president of business development to lead those efforts.
The company’s solutions enable organizations to gain control over business-critical information to help meet their compliance, governance and legal discovery requirements. StoredIQ has customers across several vertical industries, including financial services, healthcare and oil and gas. It recently expanded partnerships with Symantec and Dell, launched a new version of its StoredIQ Intelligent Information Management Platform (6.0) and its eDiscoveryManager application.