Tuesday, March 27, 2018

CloudNine Gets Investment From Peak Rock Capital, Buys Unit of Lexis Nexis

Houston-based CloudNine, a provider of electronic discovery software, has received an investment from Peak Rock Capital, and also acquired the LexisNexis eDiscovery Product Suite, the companies said on Monday. Size of the investmentinvestment in CloudNine by Peak Rock Capital was not announced, however, the company said the investment was "significant". It's unclear if the deal was a minority or majority investment in CloudNine. Peak Rock Capital focuses on leveraged buyouts, recapitalization, corporate carve outs and divestitures, and other similar middle market transactions. CloudNine is led by CEO Brad Jenkins.