CloudNine, a Houston, Texas-based provider of eDiscovery SaaS solutions, received an investment from an affiliate of Peak Rock Capital, a middle market private equity firm.
Peak Rock and CloudNine have also simultaneously acquired the eDiscovery business from LexisNexis, which includes the LAW PreDiscovery, Early Discovery Analyzer (EDA), and Concordance products as well as the development, sales, and services teams supporting them.
With this acquisition, the company provides cloud-based and on-premise solutions to over 2,000 of the top legal and business customers in North America.
The company will use the funds to further invest in and enhance these offerings and complete acquisitions of relevant businesses and products.
Founded in 2002 and led Brad Jenkins, CEO, CloudNine is a legal discovery technology company with expertise in simplifying and automating the discovery of data for audits, investigations, and litigation via off-premise and on-premise software and services that enable customers to gain insight and intelligence on electronic data.