Software Growth Partners Makes Majority Investment in Venio Systems

According to the press announcement, industry analysts have enthusiastically supported this investment and confirmed the value this will bring to the eDiscovery industry. Ryan O’Leary, Esq., Senior Research Analyst at IDC, shared, “Despite the COVID-19 pandemic, the eDiscovery software market has proved to be crucial to business resiliency and has maintained investment. The investment in Venio comes at an opportune time as corporations look to improve their ECA and processing capabilities to drive savings further down the EDRM.”

en flag
nl flag
et flag
fi flag
fr flag
de flag
pt flag
ru flag
es flag

Content Assessment: Software Growth Partners Makes a Majority Investment in Venio Systems Press Announcement

Information - 90%
Insight - 85%
Relevance - 100%
Objectivity - 80%
Authority - 90%

89%

Good

A short percentage-based assessment of the qualitative benefit of the recent post sharing Software Growth Partners investment in Venio Systems.

Press Announcement via PR Web

Software Growth Partners Makes a Majority Investment in Venio Systems to Drive Expansion of Its VenioOne eDiscovery Software Platform

This strategic partnership with Software Growth Partners will further enhance Venio’s eDiscovery capabilities through investments in product innovation and user experience in order to better serve the needs of its customers and partners.
Venio Systems, one of the fastest-growing eDiscovery software companies, is proud to announce a majority investment from Software Growth Partners (SGP) to accelerate the growth of its industry-leading VenioOne platform. VenioOne is an infinitely scalable, end-to-end eDiscovery platform that offers the flexibility of on-premises or cloud deployments and fulfills the critical needs of its customers for managing the increasing complexities of eDiscovery processes, as well as growing volumes of data, in an efficient manner.

As a rapidly growing software company, Venio was seeking a strategic financial partner that not only makes capital investments, but also has a strong track-record of building successful software businesses, to further enhance Venio’s position in the eDiscovery market. SGP’s investment will assist Venio in realizing its goal of providing the most sophisticated and comprehensive eDiscovery software platform in the industry.

“We’re excited to partner with SGP and to have their support to achieve our vision of becoming the industry’s premier eDiscovery software. We will continue to expand the VenioOne product roadmap while further enhancing the capabilities of our self-service offering, VenioOne OnDemand,” said Arestotle Thapa, Co-founder and Chief Technology Officer of Venio.

SGP is a software-focused investment firm that strives to partner with founder-owned technology companies and assists them in enhancing their existing growth trajectories by implementing best practices across a number of areas such as product strategy, customer experience, sales, and marketing. Members of SGP’s team will be actively assisting the existing management team of Venio to fully realize the company’s vision, to pursue new expansion opportunities for the VenioOne platform, and to better address the ever-evolving needs of its customers across different industry segments.

“SGP’s unique investment strategy focuses on identifying software companies that operate in growing markets and provide mission-critical solutions to its customers. Venio excels in all our investment criteria and addresses a growing need through its industry-leading eDiscovery platform. As data volumes continue to explode, we anticipate an increasing need for eDiscovery software in pursuit of better control and visibility, and optimization of litigation spend. We are thrilled to partner with the Venio team and to complement their strategy through our operational playbook to create win-win outcomes for Venio’s customers and its employees, as well as our limited partners.” said Sumit Garg, Founder and Managing Partner of SGP.

Industry analysts have also enthusiastically supported this investment and confirmed the value this will bring to the eDiscovery industry. Ryan O’Leary, Esq., Senior Research Analyst at IDC, added, “Despite the COVID-19 pandemic, the eDiscovery software market has proved to be crucial to business resiliency and has maintained investment. The investment in Venio comes at an opportune time as corporations look to improve their ECA and processing capabilities to drive savings further down the EDRM.”

With the investment from SGP, Venio will continue to focus on better serving its existing customers and partners with the goal of further exceeding the high level of software products and service that the company has provided for the past 11 years. Chris Jurkiewicz, Venio’s Co-founder and VP of Client Services, emphasized, “Having SGP as our partner will allow us to broaden not only our technology offerings but also our sales, marketing, and customer support efforts to further grow Venio’s market presence and build an even stronger eDiscovery brand for Venio.”

Kenyon Group, LLC served as the exclusive financial advisor to Venio Systems and arranged this transaction.

About Venio Systems

Venio Systems is a team of innovators and developers with over 40 years of experience in providing eDiscovery solutions with unparalleled agility and ease-of-use while being scalable. Venio Systems was created to address the industry’s lack of a complete eDiscovery solution that powers every phase of eDiscovery. VenioOne, a unified eDiscovery platform, is designed to provide law firms, corporations, and government entities with the ability to manage all phases of discovery—processing, ECA, culling, document review, and production—from a single tool. Venio Systems remains at the forefront of innovation to provide solutions any litigator and eDiscovery professional can use. For more information and a demo, visit https://veniosystems.com/.

About Software Growth Partners

Software Growth Partners (SGP) is a Silicon Valley-based private equity firm that focuses on lower-middle market software companies. SGP pursues a partnership-driven and hands-on investment approach and strives to be an ideal financial and strategic partner for founder-owned companies and entrepreneurs that are looking for some liquidity while still retaining significant upside resulting from growth in their businesses. As a value-added investor, SGP is actively involved with its portfolio companies at all stages and provides significant operational and strategic support to its management teams, helping them address critical issues as the companies scale towards realizing their full potential. For more information, please visit https://softwaregrowthpartners.com/.

Additional Reading

Source: ComplexDiscovery

Have a Request?

If you have information or offering requests that you would like to ask us about, please let us know and we will make our response to you a priority.

ComplexDiscovery is an online publication that highlights data and legal discovery insight and intelligence ranging from original research to aggregated news for use by business, information technology, and legal professionals. The highly targeted publication seeks to increase the collective understanding of readers regarding data and legal discovery information and issues and to provide an objective resource for considering trends, technologies, and services related to electronically stored information.

ComplexDiscovery OÜ is a technology marketing firm providing strategic planning and tactical execution expertise in support of data and legal discovery organizations. Registered as a private limited company in the European Union country of Estonia, one of the most digitally advanced countries in the world, ComplexDiscovery OÜ operates virtually worldwide to deliver marketing consulting and services.

Business as Unusual? Eighteen Observations on eDiscovery Business Confidence in the Summer of 2020

The results of the recent Summer 2020 eDiscovery Business Confidence Survey present the unfortunate and continuing impact of COVID-19 on the business of eDiscovery. However, for these pandemic-driven results to be fully understood, they should be viewed through the contextual lens of the results of all nineteen surveys that have been administered to eDiscovery professionals since the inception of the eDiscovery Business Confidence Survey in early 2016.



Check Out the Observations Now!

Interested in Contributing?

ComplexDiscovery combines original industry research with curated expert articles to create an informational resource that helps legal, business, and information technology professionals better understand the business and practice of data discovery and legal discovery.

All contributions are invested to support the development and distribution of ComplexDiscovery content. Contributors can make as many article contributions as they like, but will not be asked to register and pay until their contribution reaches $5.

Festive or Restive? The Fall 2020 eDiscovery Business Confidence Survey

Since January 2016, 2,189 individual responses to nineteen quarterly eDiscovery Business...

Blue-Sueded? Considerations for Decision Making

While an understanding of decisions from definitions and elements to cornerstones...

Socially Acceptable? EDBP Guidelines on the Targeting of Social Media Users

According to the recently published EDPB guidelines on the targeting of...

What is Kratt? A Vision and Concept for Artificial Intelligence in Estonia

Published originally on Independence Day in Estonia, the vision and concept...

A Running List: Top 100+ eDiscovery Providers

Based on a compilation of research from analyst firms and industry...

The eDisclosure Systems Buyers Guide – 2020 Edition (Andrew Haslam)

Authored by industry expert Andrew Haslam, the eDisclosure Buyers Guide continues...

The Race to the Starting Line? Recent Secure Remote Review Announcements

Not all secure remote review offerings are equal as the apparent...

Enabling Remote eDiscovery? A Snapshot of DaaS

Desktop as a Service (DaaS) providers are becoming important contributors to...

Home or Away? New eDiscovery Collection Market Sizing and Pricing Considerations

One of the key home (onsite) or away (remote) decisions that...

Revisions and Decisions? New Considerations for eDiscovery Secure Remote Reviews

One of the key revision and decision areas that business, legal,...

A Macro Look at Past and Projected eDiscovery Market Size from 2012 to 2024

From a macro look at past estimations of eDiscovery market size...

An eDiscovery Market Size Mashup: 2019-2024 Worldwide Software and Services Overview

While the Compound Annual Growth Rate (CAGR) for worldwide eDiscovery software...

Festive or Restive? The Fall 2020 eDiscovery Business Confidence Survey

Since January 2016, 2,189 individual responses to nineteen quarterly eDiscovery Business...

Casting a Wider Net? Predictive Coding Technologies and Protocols Survey – Fall 2020 Results

The Predictive Coding Technologies and Protocols Survey is a non-scientific semi-annual...

Business as Unusual? Eighteen Observations on eDiscovery Business Confidence in the Summer of 2020

Based on the aggregate results of nineteen past eDiscovery Business Confidence...

A Growing Concern? Budgetary Constraints and the Business of eDiscovery

In the summer of 2020, 56% of respondents viewed budgetary constraints...

ayfie to Acquire Haive

According to Johannes Stiehler, CEO of ayfie Group AS, “This acquisition...

Innovative Discovery and Integro Merge

“Integro and Innovative Discovery’s services and solutions are highly complementary. Our...

Software Growth Partners Makes Majority Investment in Venio Systems

According to the press announcement, industry analysts have enthusiastically supported this...

Reveal Acquires NexLP

According to Jay Leib, Co-Founder and CEO of NexLP, "We chose...

Five Great Reads on eDiscovery for August 2020

From predictive coding and artificial intelligence to antitrust investigations and malware,...

Five Great Reads on eDiscovery for July 2020

From business confidence and operational metrics to data protection and privacy...

Five Great Reads on eDiscovery for June 2020

From collection market size updates to cloud outsourcing guidelines, the June...

Five Great Reads on eDiscovery for May 2020

From review market sizing revisions to pandemeconomic pricing, the May 2020...