We can confirm that earlier this month the US investment fund, Clearlake Capital, reached an agreement with NetDocuments to purchase a stake in the company and to provide further capital to continue the amazing growth of NetDocuments over the last few years.
You can rest assured that there are no changes to the management structure of NetDocuments, with Matt Duncan still retaining his position as CEO, and Alvin Tedjamulia as CTO.
“We are thrilled to partner with Clearlake to accelerate growing the company, both organically and through acquisitions,” said Matt. “Clearlake’s substantial resources and deep software investing experience will help us to continue delivering best-in-class cloud-based content management and email management solutions to our customers both at law firms and in corporate legal and compliance departments.”
“Our customers expect to be able to easily access and work with their business content on any device at any time while maintaining the highest levels of security and privacy. We are eager to begin our partnership with Clearlake and continue building our next generation cloud platform to address complex customer needs” added Alvin.
“NetDocuments has long been recognized by its customers for providing law firms and enterprises with the highest levels of security, and we are excited to partner with Matt, Alvin and the entire NetDocuments team to continue building on the Company’s heritage,” added Prashant Mehrotra and Paul Huber of Clearlake. “Legal professionals today must manage ever-growing volumes of sensitive, extremely valuable documents, and both legacy on-premises solutions and single tenant hosted ‘cloud’ offerings are ill-equipped to meet these customer demands. NetDocuments’ true multi-tenant cloud offering provides the scale and capabilities that enterprises require for their content and email management needs.”
The future shines ever more brightly for NetDocuments users!