HOUSTON, March 21, 2017 /PRNewswire/ -- CS Disco, the
Houston-based eDiscovery software
company which develops software as a service (SaaS) solutions
developed by lawyers for lawyers, today announced the closing of a
new debt refinancing and expansion with Comerica Bank's Technology
and Life Sciences (TLS) Division.
"CS Disco is reinventing legal technology to automate and
simplify complex tasks that create efficiencies and reduce errors
at law firms," said Tim Klitch,
Managing Director, Comerica Bank, TLS Division. "We're
thrilled to provide the financing they need to continue on their
path to rapid growth."
CS Disco raised a large Series C round last July and sought
expanded financing facilities to meet the growing demand for the
software. DISCO has been embraced by more than 400 law firms,
including 60 of the top AmLaw 200, as their first choice for
innovative technologies that enhance the practice of law to help
secure justice and win cases. DISCO's industry leading eDiscovery
software is an example, and it is the fastest growing eDiscovery
solution in North America.
"Comerica's commitment to the SaaS market is evidenced by not
only their understanding of the challenges facing companies like
ours but also their willingness to provide financing options that
enable us to invest in industry leading technology," said
Gregory McCracken, CFA, CPA, CS
Disco. "Comerica is truly the perfect banking partner for us."
About Comerica Bank's Technology and Life Sciences
Division
Comerica Bank's Technology and Life Sciences Division (TLS) is
one of the nation's leading technology banking practices, offering
a wide range of financial services tailored to corporate customers,
entrepreneurs and professionals. Veteran bankers provide credit and
financial services and products to young, growing, venture backed
technology and life sciences companies, as well as their more
mature counterparts. The TLS Division serves all major U.S.
technology centers from offices coast-to-coast and its headquarters
in Palo Alto, California as well
as an office in Toronto, Canada.
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA),
a financial services company that is among the 25 largest U.S.
financial holding companies. For more information, visit
www.comerica.com. To find Comerica on Facebook, please
visit www.facebook.com/Comerica. Follow us on Twitter:
@ComericaCares.
About DISCO
CS Disco Inc. makes the best legal technology in the world.
Since the introduction of its eDiscovery solution in 2013, DISCO
has become the first choice for innovative legal technology at more
than 400 law firms, enterprises, and government units, including
over 60 of the AmLaw 200. DISCO's eDiscovery solution lets lawyers
find evidence up to 10x faster, even at a multi-terabyte scale.
Visit our website at www.csdisco.com and take a self-guided
tour.
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SOURCE Comerica Bank