News
Events
RSS Feeds

News E.REPUBLIC SELECTS A... | ZANTAZĀ® SECURES $20 ... | VERITY CFO TO PRESEN...
Press Release
Related Events
Related Case Studies
Related Resources

ZANTAZĀ® Secures $20 Million in Financing Led by General Atlantic Partners

New Partnership to Accelerate Product Development, Expand Sales and Marketing, and Further Grow Market Leadership Position

PLEASANTON, CA (January 6, 2004) - ZANTAZ, Inc., the leader in compliance and electronic discovery solutions, today announced that it has secured $20 million in funding through a new partnership with General Atlantic Partners, LLC along with participation from existing investors. General Atlantic Partners is the world's leading direct investment firm focused exclusively on information technology, process outsourcing and communications businesses globally. Joining the ZANTAZ Board of Directors from General Atlantic Partners will be Peter Currie, Partner, and Anton Levy, Senior Associate. Additional terms of the financing were not disclosed.

ZANTAZ is the leading provider of end-to-end compliance and electronic discovery solutions for the financial services industry, government agencies and companies in other industries. ZANTAZ was first to market with email and IM compliance solutions designed specifically to address securities industry books and records retention, retrieval, and supervision requirements-in particular, SEC Rules 17a-3 and 17a-4, NASD Rules 2210, 3010 and 3110 and NYSE Rules 342 and 440.

In 2003 ZANTAZ continued its rapid expansion by doubling its customer base and growing revenue by nearly 300 percent year over year. In addition, ZANTAZ established itself as the leader in data restoration and electronic discovery solutions, increasing the throughput of its data restoration capacity by 60 percent, while completing a number of large-scale restoration and e-discovery projects.

"General Atlantic Partners' investment further validates our leadership position in the industry as well as our vision for the future. This partnership will help ZANTAZ address the increasing demand for regulatory compliant and litigation-ready solutions, which continues to fuel the growth of our business," said Steve King, President and CEO of ZANTAZ. "General Atlantic brings a network of global professional resources and extensive experience as a strategic advisor to IT companies that will further enhance our ability to deliver cost-effective, purpose-built compliance and electronic discovery solutions."

"ZANTAZ is an innovative industry leader, and we are thrilled to partner with them," said Peter Currie of General Atlantic Partners. "We invest globally in companies, like ZANTAZ, that provide or apply IT in ways that have the potential to change markets and industries. The ZANTAZ solutions portfolio is truly one-of-a-kind in the industry, providing an end-to-end, fully integrated solution that combines technology, infrastructure and domain expertise, creating a unique capability and clear competitive advantage. We look forward to helping ZANTAZ further grow their existing market leadership position."

ZANTAZ will use the new funding to accelerate product expansion and delivery through internal development and strategic acquisition, increase investment in marketing and sales, add new strategic alliances and further develop existing partnerships. ZANTAZ will also leverage the new investment to expand into new markets and geographies, as well as build out its infrastructure and operations. In addition to General Atlantic Partners, other ZANTAZ investors in this round include Athena Technology Ventures, ComVentures, Geneva Venture Partners, Novus Ventures and Red Rock Ventures.

About General Atlantic

General Atlantic Partners, LLC, is the world's leading direct investment firm focused exclusively on information technology, process outsourcing and communications businesses globally. GA's investment focus in IT includes providers of IT, IT-related services and users of IT in traditional industries such as healthcare, finance and government. The firm was founded in 1980 and has over $5 billion in capital under management. General Atlantic has invested in over 120 companies and has current holdings in about 60 companies, of which almost one-third are based outside the United States and which include Critical Path, Digital China, Eclipsys, Exult, iSoft Group, Liberata plc, Patni Computer Systems, ProxyMed, SESA, SRA International, Upromise, Xchanging and Zagat.

The firm is distinguished within the investment community by its deep experience and expertise in information technology, its global perspective and worldwide presence, its long-term approach to investments, and its commitment to provide sustained strategic assistance for its portfolio companies. General Atlantic has nearly 70 professionals among its 150 employees worldwide with offices in Greenwich, New York, Palo Alto, Reston, London, Düsseldorf, Singapore, Tokyo, Mumbai, Hong Kong, and São Paulo. See www.gapartners.com for additional information.

About ZANTAZ

ZANTAZ is the global leader in Information Retention and Discovery Management solutions. ZANTAZ' solutions enable organizations to capture, preserve and access unstructured digital information-including email, IM, files, scanned documents, and other electronic records-and review and produce relevant documents in a manner that reduces operational risks and costs while complying with legal, regulatory and corporate policy requirements. ZANTAZ solutions are available as onsite software applications or on-demand hosted services, and include a broad set of professional services and integration support. ZANTAZ has over 600 customers, including many of the largest corporations, law firms and government agencies in the world. For more information, visit www.ZANTAZ.com.

Media Contact:

Sara A.Brewer

Thunder Factory

650.286.7351

sbrewer@thunderfactory.com

This is a selection of our forthcoming events, please visit our seminars page for more information.

Automatic Hyperlinks provided by IDOL Server 10

This is a small selection of the Autonomy case studies available, please visit our publications site at http://publications.autonomy.com/ for more information.

Automatic Hyperlinks provided by IDOL Server 10

Tweet this articletweet this
About Us
Technology
Functionality
Products
Solutions
Services
Customers
Partners
News & Events
Contact Us