Tech Company Financing Transactions
PSS Systems Funding Round
PSS Systems, based in Mountain View, scored $5 million from Hercules Technology Growth Capital.
Transaction Overview
Company Name
Announced On
5/16/2007
Transaction Type
Debt
Amount
$5,000,000
Round
Undisclosed
Investors
Hercules Technology Growth Capital (Sam Bhaumik)
Proceeds Purpose
Deidre Paknad, president and chief executive officer of PSS Systems, said, "We are growing very rapidly as an increasing number of Global 500 leaders adopt our legal holds and retention management software. We believe this is the right time to implement a debt facility for use in accelerating that growth. The financing structure provided by Hercules gives PSS access to growth capital without diluting current ownership."
Company Information
Company Status
Acquired or Merged
Industry
Software
Mailing Address
2525 E Charleston Road 201
Mountain View, CA 94043
USA
Mountain View, CA 94043
USA
Phone
Website
Email Address
Not Recorded
Overview
The company is an early solution leader and a clear thought leader enterprise on retention and preservation strategies. Its unique suite of software includes specific modules for litigation communications and collections and enterprise retention policy management; the modules can be used separately but offer tremendous advantage when used in concert.
Profile
Social Media
Company News
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Management Team
Title
Name
Email & Social
Chief Executive Officer
Deidre Paknad
Chief Financial Officer
Eric Saltzman
VP - Client Services
Reza Memar
VP - Client Services
Puttappaiah Muni
VP - Engineering
Pierre Raynaud-Richard
VP - Sales
Scott Cohen
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Where The Data Comes From
Our team works diligently to document every notable VC transaction. VC investment data records reported here are sourced from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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