FTVentures
Invests in Legal Holds and Retention Management Solutions Provider
Funding
to expand PSS Systems’ product line and international operations
We are pleased to announce that FTVentures has led an $18 million equity
financing in PSS Systems, a provider of legal holds and retention
management software that helps companies efficiently determine what
information must be collected and retained for business, regulatory and
legal purposes, as well as routinely disposing of unneeded data. Over 25
Global 1000 customers have deployed PSS Systems solutions to mitigate
risks associated with litigation and reduce costs.
PSS Systems’ blue chip customer list features seven of FTVentures
financial services limited partners including Citi, Credit
Suisse, and Travelers.
Revised Federal rules have changed the information retention landscape by
extending the scope of potential evidence to virtually every form of
electronic data. PSS Systems’ Atlas software suite helps corporate
stakeholders involved in defining, managing and enforcing
information-related legal obligations. It provides the following specific
value for customers:
- Reduction of risk by
providing a complete view of all relevant information required for
litigation and regulations
- Tangible and significant
cost savings through the reduction of legal expenses
- Reduced data storage
costs by providing a defensible, rational way for customers to dispose
of information that does not need to be retained.
Click
here to read the press release.
If you would like to learn more about PSS Systems, please contact:
Eric Byunn, FTVentures Partner
ebyunn@ftventures.com or
415-229-3052
K2 blackpearl (SourceCode) Wins Best of Tech-Ed 2008
Portfolio
company SourceCode has won the Windows IT PRO and SQL Server Magazine
Industry Award in the SharePoint development category for its K2 blackpearl business process management solution.
This category was one of the most competitive due to the vast quantity of
available SharePoint related solutions available in the market today.
Click
here to read more about the Best of Tech-Ed awards.
If you would like to learn more about SourceCode and K2
blackpearl, please contact:
Eric Byunn, FTVentures Partner
ebyunn@ftventures.com or
415-229-3052
