Enterprise Software - Thursday, November 1, 2007
Purple Yogi, Now Stratify, Now Bought By Iron Mountain Digital For $158M
Mountain View's Purple Yogi raised $40M from VCs to sell software for legal discovery. Along the way it grew tired of explaining what the hell is a Purple Yogi and changed its name to the awe-inspiring Stratify. Today the firm was bought for $158M in cash by Iron Mountain (NYSE: IRM).
If you are not familiar with eDiscovery, Discovery is the process of gathering data requested by the opposing side of litigation. Stratify's software is also is used in investigative and regulatory matters.
Stratify was backed by Intel Capital, Mobius Venture Capital, In-Q-Tel and Infosys.
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