LegalCloud™ Secures Venture Funding, Signs Major Law Firms as Customers

Leonard Street and Dienard to replicate 100% of Infrastructure – Capital Infusion to Fuel Growth

Sausalito, CA (PRWEB) January 6, 2010 -- LegalCloud announced today that it had secured initial funding from the Band of Angels Acorn Fund and members of the Band of Angels, and signed up major law firms including national firm Leonard Street and Dienard as clients.

The Acorn Fund is a venture capital fund associated with Band of Angels; one of the oldest and most prestigious angel groups in the United States. The Band of Angels is made up of 120 founders and former industry executives from brand name technology companies such as Logitech, WebMD, Intel, P&G, Microsoft, Apple, Google, and Symantec.

“The key factor for us was the completeness and simplicity of the solution.” Terry Pressley, CIO at Leonard, Street and Deinard.

Leonard Street and Dienard LLP is a national law firm with offices in Minneapolis, Mankato, and St. Cloud, Minnesota, and in Washington, D.C. The firm has subscribed to LegalCloud Total Data Protection™ service to protect its growing infrastructure and 450 employees from service outages or core technology services. Under the terms of the service, the firm will replicate 100% of its existing infrastructure to provide outstanding protection from service outages, and data loss.

“We are thrilled to have closed initial funding with Acorn and the Band in this difficult capital environment.” said Mark Hadfield, CEO, LegalCloud. “Moreover, we are excited to announce new clients coming on-board with LegalCloud services.” he continued. “Leonard Street and Dienard shares our vision for how Cloud Computing improves infrastructure services for legal firms though reduced costs, and operational efficiencies.”

“Acorn focuses on high impact companies that have great teams and high growth potential with capital efficient models” said Ian Sobieski, Managing Director of the Acorn Fund. “We’ve looked at more than 500 potential investments in 2009 and we chose LegalCloud because of its veteran entrepreneurs and game changing potential in the big legal IT market.”

“We are very excited to be working with LegalCloud," said Terry Pressley, CIO at Leonard, Street and Deinard. “We selected LegalCloud for a number of reasons, but the key factor for us was the completeness and simplicity of the solution. We can now provide complete coverage for all of our systems with one solution at a very attractive cost.”

About LegalCloud
LegalCloud protects and recovers critical business systems in industries with zero tolerance for downtime or data loss. Clients trust our global network of data centers to be there on-demand in times of need. Our recovery services are simple, functional and require no long term
commitments to physical infrastructure with minimal capital investments. For more information see http://www.legalcloud.com Contact info@legalcloud.com

About Band of Angels (Acorn Fund)
The Band of Angels is made up of 120 founders and former industry executives from brand name technology companies such as Logitech, WebMD, Intel, P&G, Microsoft, Apple, Google, and Symantec. It has invested in 200+ companies since 1994 and had 46 of those exit for a profit to investors, including 9 IPOs. Acorn Fund is a privately held VC fund that invests in select subset of Band of Angels deals and adds the focus of professional venture management to these financings.

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[Via Legal / Law]

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