LINDON, Utah--(BUSINESS WIRE)--AccessData Group today announced a significant investment from Sorenson Capital Partners and Silicon Valley Bank. The funding allows AccessData to reduce outside ownership and add Sorenson as a strategic, long-term partner. “By consolidating our ownership and adding a strategic partner like Sorenson Capital, while strengthening our relationship with Silicon Valley Bank, AccessData is better positioning itself to take advantage of its unique place in the market,” said Tim Leehealey, CEO of AccessData.
As the dominant player in digital investigations, AccessData has established itself as the leader in the eDiscovery, Incident Response, and Digital Forensics markets. With its unique technological approach, AccessData provides customers with a solution that comprehensively solves the complex challenges of these disparate markets in a way that creates significant cost savings and operational efficiencies. “What few companies in the market have realized is how technologically similar the spaces of eDiscovery, Forensics and Incident Response really are. By exploiting the similarities of these markets, instead of focusing on their differences, we are able to bring something truly unique and almost revolutionary to the market. Sorenson Capital is one of the few partners we have worked with that truly understands the power of that approach and its longer term potential,” said Tim Leehealey.
“By combining AccessData’s strong market position with Sorenson Capital’s proven track record of taking companies to the next level, we believe we can accelerate growth at AccessData and deliver extensive value to shareholders and customers alike,” said Ron Mika, a co-founder and Managing Director of Sorenson Capital. “This is an exciting company and a compelling opportunity. We are anxious to see where the team can take it over the coming years.”
About AccessData Group
AccessData Group (www.accessdata.com) has pioneered digital investigations and litigation support for 25 years. Its family of stand-alone and enterprise-class solutions, including FTK, MPE+, Summation and the CIRT security framework, enable digital investigations of any kind, including computer forensics, incident response, eDiscovery, legal review and compliance auditing. More than 130,000 users in law enforcement, government agencies, corporations and law firms worldwide rely on AccessData software solutions and its premier digital investigation and hosted review services. AccessData is also a leading provider of digital forensics and litigation support training and certification.
About Sorenson Capital
Sorenson Capital (www.sorensoncapital.com) is a private equity fund that makes small- to middle-market buyout and growth equity investments. Sorenson Capital has $650 million in capital under management and typically makes investments of $10 to $25 million in companies with unique strategic positions. Sorenson Capital is managed and controlled by West Rim Capital and is based in Salt Lake City, Utah
About Silicon Valley Bank
Silicon Valley Bank (www.svb.com) is the premier bank for technology, life science, cleantech, venture capital, private equity and premium wine businesses. SVB provides industry knowledge and connections, financing, treasury management, corporate investment and international banking services to its clients worldwide through 28 U.S. offices and six international operations.
Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve System. SVB Financial Group is also a member of the Federal Reserve System.