The two firms invested an undisclosed amount into the company to drive the growth of its email and document management services for enterprises, the first to be fully integrated with Microsoft Outlook, it said.
Founded in 2009 by content management experts from some of the world’s largest law firms, KnowledgeMill’s OnePlace cloud and on-premise platform makes the classification of emails and documents a part of Outlook and Office.
The platform gives collaborative workers a shared single file for customers, projects or legal ‘matters’ without leaving the familiar environs of Outlook and Office.
The user task of filing is reduced by over 90 per cent through self-filing emails and tagging, and IT overhead is reduced by separating information-rich business emails from disposable emails, the company said in a statement.
“We have transformed Outlook to accommodate the fact that email is the de-facto dominant store of documents and business information for businesses today, and this funding and expansion of resources signals that we are building a world-leading business around that innovation,” KnowledgeMill CEO Hisham Anis said.
YFM Equity Partners invested in the deal through its Seraphim fund. Last year the vehicle also helped raise a further $3m in finance for British biomedical firm Sirigen, which the company will use to support the commercialisation of its high sensitivity fluorescence amplification technology.
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