StoredIQ Gets $10M

Austin-based StoredIQ reports this morning that it has raised $10M in a new investment round. The developer of electronic discovery and compliance software said the new funding comes from PerformanceEdge Partners, and also included prior investor S3 Ventures. In conjunction with the new round, the company said it has appointed Phil Myers as its new CEO, and H.E. Buddy Wilson as VP of Business Development. Myers is co-founder and general manager of StoredIQ's new investor, PerformanceEdge Partners. The company said the new funding will go towards marketing and sales initiatives, as well as partnerships. More information »