Discovery Mining Closes $3.2 Million E-Discovery Strategic Partnership
SAN FRANCISCO, CA June 22, 2006 - Discovery Mining, Inc., a leader in electronic discovery technology, announced today a strategic partnership with EVault, Inc., the leader in online data protection solutions.
In addition to collaborating on major marketing initiatives, EVault made a $3.2 million investment in Discovery Mining; the proceeds from the investment will be used to accelerate the growth of Discovery Mining's massive data processing capacity and to further the development and sales of its Litigation and Compliance/Archiving technology solutions. Used nationally by top law firms and leading enterprises, Discovery Mining offers industry-leading cluster computing technologies to manage email and other electronic documents for litigation, regulation, retention and review.
Matthew Work, CEO of Discovery Mining, said the new funding will provide the capital to build on the company's current profitability and take it to the next level. "The vital pieces, backup and archiving, and electronic discovery, will come together to form a single market, making Discovery Mining and EVault a well-matched partnership," Work said. "We are pleased to be associated with such a successful and established organization as EVault."
"Supporting e-discovery is a natural step for EVault given our history and success in the data protection market and our product strategy, which includes archiving," said Phil Gilmour, president and CEO, EVault, Inc. "We are looking forward to collaborating with Discovery Mining as EVault builds on its portfolio to support specialized industry needs such as e-discovery."
About Discovery Mining, Inc.
Discovery Mining, an Inc. 500 fastest-growing company, is a leading
provider of Automated Discovery software that stores, categorizes,
searches and presents documents to organizations involved in litigation,
investigation, regulatory response or mergers and acquisitions. Its
proprietary technology significantly reduces risk and cost at every
point in the document lifecycle. Trusted by top law firms, including nearly half of the top 50 Am Law 100 firms, and by Fortune 1000 corporations,
Discovery Mining helps organizations achieve and maintain excellence in
Web-based automated search and retrieval document management.
Headquartered in San Francisco, Discovery Mining has offices in New York City and London, and is present in Chicago and Washington, D.C. For more information call 1-866-343-4205 or visit www.discoverymining.com.
To learn more about Discovery Mining and current industry issues/developments, visit co-founder Andrew Jenks' blog at www.discoverymining.com/dmblog/.
Press Inquiries:
Angela Daniello, Discovery Mining, Inc., 415.561.6780 ext. 109, adaniello@discoverymining.com
