NetDocuments, a Salt Lake City, Utah-based provider of a cloud content services platform for law firms and corporate legal and compliance departments, received an equity investment from Cove Hill Partners, L.P.
The amount of the deal was not disclosed.
Cove Hill joins Clearlake Capital Group, L.P. as a strategic investment partner to support the company’s growth and innovation. Since Clearlake took ownership of NetDocuments in 2017, NetDocuments has expanded its product portfolio through organic R&D investments and strategic acquisitions and grown its reach through investments in sales and marketing.
Led by Josh Baxter, CEO, and Alvin Tedjamulia, CTO, NetDocuments provides a content services platform, which enables customers to manage, collaborate, share, and govern documents, e-mails, and other information securely in the cloud, complete with disaster recovery, enterprise search, and matter centricity features.
The solution is used by over 2,500 professional services firms and corporate legal departments in more than 140 countries.
The current management team will continue to lead the company.