Breakwater Solutions LLC, an Austin, Texas-based company that provides Governance, legal, and risk professionals with technology automation and human expertise to manage and analyze massive volumes of data to help mitigate risk and gain key insights, received equity funding from JLL Partners.
The amount of the deal was not disclosed.
Led by CEO and former IBM executive James Schellhase, Breakwater provides consulting, software, and managed services designed to address the challenges within information governance, disputes and investigations, regulatory compliance, privacy, and cybersecurity.
The company’s software suite includes IBM StoredIQ®, IBM StoredIQ for Legal, IBM StoredIQ InstaScan, and the IBM Atlas suite of products. Combined with bespoke solutions from its consultants, the software suite provides actionable intelligence that is designed to help company decision-makers address their regulatory, compliance, litigation, and data security issues. Through a partnership agreement with IBM, Breakwater will now assume the ongoing support, investment, and dedication to the future of these products.
The solutions are designed to adjust data-driven processes, modernize business practices, and assess compliance with global policies and regulations. The company is implementing its software to develop automated solutions that address each client’s challenges. Breakwater’s managed services also help ensure automation is adjusted for new requirements and refined for ongoing operational excellence.