“With emerging opportunities in multiple industries, a broad, adaptable code base and a strong and experienced management team, we’re confident that the impact on partners and end users will be very positive, resulting in significant growth for iCONECT.”
SAN FRANCISCO (PRWEB) March 16, 2023
iCONECT, a privately held 20-year industry leader in the development of innovative technology and makers of the award winning iCONECT platform, today announced an investment by NewField Capital Partners that will fund continual growth and innovation for the company. NewField Capital Partners originally invested in iCONECT in 2019 and have now converted to an equity position to lead strategic initiatives within industry verticals beyond the legal vertical.
iCONECT management have identified common business challenges for organizations in the areas of data security, governance, extraction, privacy, sharing and compliance across industries beyond standard legal eDiscovery. With Newfield’s support and strategic vision, iCONECT will continue to focus on Legal and Government sectors and will also broaden the use of its core technology, with offerings in Corporate Data Governance and Incident Response.
“We’ve been monitoring both iCONECT’s technology and the growth in the digital and AI space for several years,” said Josh Albertsen, iCONECT board member and partner at Newfield. “With emerging opportunities in multiple industries, a broad, adaptable code base and a strong and experienced management team, we’re confident that the impact on partners and end users will be very positive, resulting in significant growth for iCONECT.”
All iCONECT products are built on a single underlying platform and provide world-class support services to empower clients in all verticals. Software solutions are highly secure, scalable, and easy-to-use, allowing stakeholders to gain big data insights quickly, easily, and affordably, whether on site or in the cloud. With new AI (Artificial Intelligence) initiatives, iCONECT looks to create shifts in how users will interact with data and document management projects.
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