Mountain View, Calif. -- PSS Systems, a Mountain View-based developer of software designed to help companies manage their legal holds and retention programs, said on Friday that it has raised $18 million in a now round of funding led by FTVentures. Previous investors Lightspeed Venture Partners, Azure Capital, Granite Ventures and Cipio Partners also participated. The company said that it will use the new capital to aggressively expand its legal governance product portfolio, as well as its presence in the U.S. and European markets. PSS, which expects to be profitable this year, said that it plans to open a number of new customer-facing offices in the coming months.
http://www.pss-systems.com
http://www.pss-systems.com/news/080616.html
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