Zapproved Selects Vista Equity Partners for Strategic Investment to Accelerate Growth in E-Discovery Software Market

Extract from Zapproved Investment Press Release (May 16, 2017)

Zapproved Inc., the market leader in cloud-based e-discovery software for corporate legal departments, today announced that the company has received a strategic investment from Vista Equity Partners (“Vista”) to accelerate their growth in the e-discovery software market.

Vista is a leading private equity firm that invests in software, data and technology companies. The partnership with Zapproved is the first from Vista’s newly launched Endeavor Fund, which focuses exclusively on enterprise software and data businesses under $30 million in revenue. Vista offers these companies and their management teams the financial capital, expertise and support to build an operational foundation for sustainable growth while maintaining and advancing their market leadership.

“Zapproved has been at the forefront of providing software to in-house legal teams to help them take control of their litigation response and electronic discovery,” said Zapproved CEO and founder Monica Enand. “Our customers require the sophistication of a modern, secure, and intuitive solution that frees up dependence on law firms and IT. When considering multiple investors, our strategic partnership with Vista was the clear choice. Vista offers the operational expertise to build on our momentum in the market and proactively anticipate the increasing demands of today’s corporate legal departments.”

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