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.
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