Wednesday, August 12, 2009

RenewData Buys Digital Mandate, Gets Funding

Austin's RenewData, which develops electronic discovery and archiving software, announced Wednesday that it has acquired Digital Mandate, a developer of document review software used in eDiscovery processes. Financial terms of the deal were not disclosed. According to RenewData, it received additional equity financing from ABS Capital Partners and CIBC Capital Partners to support the acquisition, plus other growth initiatives. Amount of the funding was not announced. Digital Mandate develops Vestigate, a software product used for early case assessment and first-pass review, in the legal discovery process.