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News and Information Article
SAN FRANCISCO, June 22 // -- 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 Minings
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 companys 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.
"Were 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, a leader in electronic discovery technology, puts
unsurpassed document management, search, and retrieval power into the hands
of corporations and law firms. The companys patent-pending technology
significantly reduces risk and cost at every point in the Document
Lifecycle. Trusted by top law firms, prominent enterprises and growing
mid-sized companies, Discovery Mining helps organizations cost-effectively
achieve and maintain excellence in search and retrieval document
management. Discovery Mining was established in 2002 during the infancy of
the electronic discovery market and is headquartered in the Presidio of San
Francisco. For more information call 1-866-343-4205, email
info@discoverymining.com, or visit http://www.discoverymining.com.
About EVault
EVault, one of the fastest-growing technology companies in America, is
the trusted expert in online backup and recovery solutions for more than
7,000 businesses. EVault meets the most stringent regulatory and security
requirements with its solutions and services that include backup and
recovery, data and email archiving, and professional services. EVaults
proprietary technology makes it easy to protect and recover critical data
across a broad range of operating systems and applications.
Press Inquiries:
Angela Daniello
415-561-6780 x109
adaniello@discoverymining.com
This release was issued through eReleases(TM). For more information,
visit http://www.ereleases.com.
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