Iridium Technology, a Reno, Nev.-based software platform for law firm financial and performance management, received a growth investment from Polaris Growth Fund, an affiliate fund of Boston-based private investment firm Polaris Partners.
The amount of the deal was not disclosed. In conjunction with the funding, Dan Lombard, a Partner at Polaris, will be joining Iridium’s Board of Directors along with Sabrina Chiasson, a Vice President at Polaris.
Founded by Tom Jones and Martin Vizner, Iridium provides a software platform for law firms to get access to actionable business intelligence and analytics, and drive financial performance improvement and workflow efficiencies via a suite of modules that connect disparate data sources within the law firm.
Four modules are available:
– GL+Expense, and
– Matter Budgeting.
Each module consists of a full-featured cube and a complete set of high-performance dashboards. Iridium works with the Elite Enterprise, Elite 3E, and ADERANT Expert practice management systems.
All content can be customized based on the firm’s business practices, terminology, and financial calculations.
Over 75 leading global law firms have signed up with Iridium, ranging from 40 timekeepers to over 3,000.