We are excited to share the news about a significant investment in NetDocuments from Warburg Pincus, a leading growth investor. Warburg Pincus is buying Clearlake Capital Group, L.P.’s stake in NetDocuments. Warburg Pincus has invested more than $22 billion in technology companies since inception and is one of the most active growth investors in enterprise technology and cloud-based platforms. This investment, alongside existing investor Cove Hill, will support NetDocuments’ continued rapid growth and innovation.
As our CEO, Josh Baxter, states: “The partnership with Warburg Pincus provides tremendous potential to not only strengthen existing customer relationships, but tap into new opportunities and markets to become the foundational software for legal professionals,”
“Warburg Pincus’ long-range view on our business aligns well with Cove Hill and our management team’s objective to innovate our products, keep our momentum behind our rapid growth, and emerge in new markets across the globe.”
With all changes come valid questions – and we encourage you to read the press release to get the full story. Below are some common FAQs around this news as well:
Q: Why is NetDocuments making this move?
In a word, to GROW! NetDocuments is gaining a ton of momentum and has been validated as the most experienced cloud platform for content and productivity in the legal industry. With Warburg Pincus and Cove Hill as partners, we will be able to accelerate our growth and continue to deliver the most innovative product offering to the market and our customers.
Warburg Pincus and NetDocuments will collaborate to further strengthen existing customer relationships and extend our ongoing commitment to providing superior customer service, something we have built our reputation and brand around.
Q: Is there any impact to customers?
Customers will be positively impacted from the addition of Warburg Pincus as NetDocuments’ new financial partner. This investment brings tremendous opportunity to our team and our customers, enabling us to continue to invest in the successful innovation of our products to further support our customers as they work to meet the evolving demands of the legal industry.
Q: How does this benefit our partners?
The Cove Hill and Warburg Pincus partnerships will accelerate our M&A efforts, deepen our partnership with ISVs, and provide entries to new geographies. All of these will present opportunities for our existing partners to help expand our reach into law firms, corporate legal departments, compliance departments, and government agencies. This is a win-win for all parties and the entire NetDocuments ecosystem.
For more than two decades, we at NetDocuments have delivered innovation through our world-class content services and productivity platform. We are proud to serve over 3,150professional services firms and corporate legal departments – and are committed to delivering innovative solutions that benefit our customers each and everyday.
As CEO Josh Baxter states: “This is about capitalizing on the momentum of the business and our reputation as the cloud platform for content and productivity. With a strong focus on growth and global reach, Warburg Pincus represents a great new partner. The investment will accelerate us both organically as well as through M&A, domestically and internationally. With the continued support of Cove Hill, we have an exciting future ahead of us.”
For more information, and to read the full press release, please click here and check out our related LinkedIn posts.
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