Fri. Jun 2nd, 2023

Content Assessment: New Momentum? iCONECT Solidifies Relationship with Strategic Funding Partner NewField Capital

Information - 90%
Insight - 90%
Relevance - 91%
Objectivity - 89%
Authority - 91%



A short percentage-based assessment of the qualitative benefit of the recent announcement by ICONECT if investment support from NewField Capital Partners.

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Press Announcement (March 15, 2023)

iCONECT Solidifies Relationship with Strategic Funding Partner NewField Capital and Broadens Product Matrix to Other Industries

Investment and Product Update

San Francisco, CA – iCONECT, a privately held 20-year industry leader in the development of innovative technology and makers of the award winning iCONECT platform, today announced an investment by NewField Capital Partners that will fund continual growth and innovation for the company. NewField Capital Partners originally invested in iCONECT in 2019 and have now converted to an equity position to lead strategic initiatives within industry verticals beyond the legal vertical.

iCONECT management have identified common business challenges for organizations in the areas of data security, governance, extraction, privacy, sharing and compliance across industries beyond standard legal eDiscovery. With Newfield’s support and strategic vision, iCONECT will continue to focus on Legal and Government sectors and will also broaden the use of its core technology, with offerings in Corporate Data Governance and Incident Response.

“We’ve been monitoring both iCONECT’s technology and the growth in the digital and AI space for several years,” said Josh Albertsen, iCONECT board member and partner at Newfield. “With emerging opportunities in multiple industries, a broad, adaptable code base and a strong and experienced management team, we’re confident that the impact on partners and end users will be very positive, resulting in significant growth for iCONECT.”

All iCONECT products are built on a single underlying platform and provide world-class support services to empower clients in all verticals.  Software solutions are highly secure, scalable, and easy-to-use, allowing stakeholders to gain big data insights quickly, easily, and affordably, whether on site or in the cloud. With new AI (Artificial Intelligence) initiatives, iCONECT looks to create shifts in how users will interact with data and document management projects.


Founded in 1999, iCONECT continues today as a ground-breaking technology team of experienced, creative, agile problem solvers obsessed with simplifying their client’s data. Available for on-site, cloud, SAAS deployment or through a worldwide channel of service providers, iCONECT software has been selected for use in some of the world’s largest high-profile data management projects such as the BP-Oil Spill, FDIC-900+ Banking Investigations and most recently the creation of a public access archive for the 30,000 JFK document and audio files released by the CIA.


About NewField Capital Partners

Newfield Capital Partners, LLC is a private alternative investment firm that provides debt, equity and operational expertise to middle market companies around the world.  Their experienced team has decades of expertise in multiple industries to help Owners, Board of Directors, and Senior Management Teams solve their complex problems and assist them in building great companies.


Read the original announcement.

Additional Reading

Source: ComplexDiscovery


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