CloudNine

Canaccord Genuity acts as Financial Advisor to CloudNine, majority owned by an affiliate of Peak Rock Capital, on its significant investment from Crest Rock Partners

Canaccord Genuity is pleased to announce that Crest Rock Partners, a leading software-focused growth equity firm, has announced its significant investment in CloudNine, a leading provider of eDiscovery automation software simplifying litigation, investigations, and audits.

Founded in 2002 and headquartered in Houston, Texas, CloudNine provides customers with a choice of cloud-based or on-premise based eDiscovery automation products to dramatically reduce the overall costs of eDiscovery. Law firms, government agencies, legal service providers and corporations can save time and money by consolidating all of their data collection, processing, and review requirements by leveraging CloudNine’s self-service eDiscovery software.

The investment comes at a time when businesses across the world, both large and small, are experiencing the fastest rate of information technology change in history. The company will use this capital to accelerate its ambition to deliver new product offerings that both simplify and bring more value to the eDiscovery process. The investment will fund the company’s plan to increase its headcount by more than 50 percent over the next three years.

Canaccord Genuity, with a team led by Trevor Martin and Isaac Porter, served as exclusive financial advisor to CloudNine.