NetDocuments Secures $25 Million from Frontier Capital to Fuel Growth in the Legal Document Management Market
Summary
"The partnership and investment with Frontier will allow us to not only continue our growth with a high degree of customer service, but also provides us with the resources to capture a considerable portion of the market, as firms increasingly decide to switch to the cloud." Frontier, based in Charlotte, N.C., is a growth equity firm focused exclusively on investing in software and technology-enabled business service companies in areas with significant entrepreneurial activity but minimal local capital. "NetDocuments is exactly the type of company in which we aim to invest – a sturdy technology business growing at a strong rate into an emerging market, with a quality management team we know and trust," said Michael Ramich, partner, Frontier. "As our research shows, NetDocuments is the only pure play software-as-a-service provider of document management in the legal industry, which is just beginning to realize the benefits of cloud computing. We make minority and majority equity investments in high growth companies and have built an excellent track record of delivering returns to both our investors and management partners.
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