In the News: NetDocuments Shares Continued Growth Resulting from 2014 Frontier Capital Investment
In July 2014, Frontier Capital invested $25 million in Utah-based NetDocuments in 2014, a cloud-based document and email management company. Find out why in this feature from the Daily Herald, and how NetDocuments has benefited from the invested in the year since.
AN ARK IN THE CLOUDS
Lehi-based NetDocuments’s cloud service gears up for flood of growth
As with most software as a service (SaaS) companies in Utah Valley, NetDocuments in Lehi is growing. Not only are they growing, but they actually are preparing for an imminent tidal wave of growth.
“There is a document management shift coming. We know the flood is coming, so we’re building the ark,” said Marriott Murdock, marketing director at NetDocuments.
The shift Murdock is referring to is move from server-based document storage to cloud-based document storage for law firms. Law firms have an abundant need for data storage, but many have been reluctant to jump into the cloud because of security concerns.
“For law firms, their documents are like money is to banks, and many firms resist moving to the cloud, because of security reasons,” said Alan Landes, vice president of quality assurance at NetDocuments. “But we think as time goes by, it will be unusual for any business not to accept the cloud.”
NetDocuments is one of the few companies locally and worldwide that has the software and experience to securely handle legal documents and email, Landes said. The NetDocuments document storage cloud is fully compliant with the Health Insurance Portability and Accountability Act (HIPAA), the Securities And Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and ISO 27001, a specification for information security management systems. The company is regularly audited through the Statement on Auditing Standards (SAS) No. 70.
For the full article, including Frontier’s role in NetDocuments growth, visit http://www.heraldextra.com/business/local/lehi-based-netdocuments-s-cloud-service-gears-up-for-flood/article_fa4b7e3e-a632-5c7b-a7ce-2e5ffcf0c474.html