Rich May: News
May 1, 2007
Rich May Client, Trident Capital, invests in DepotPoint, Inc.
DepotPoint, Inc. announced that it has secured $4 million in a Series B
investment. The investment was completed with Palo Alto-based venture
capital and private equity firm Trident Capital, which specializes in
investments in software and technology enabled business services.
DepotPoint is a rapidly emerging provider of Web-based solutions for
increasing efficiencies in the growing foreclosure market. The company
will employ the funds to continue to enhance and expand the reach of
its existing solutions: TrackPoint Application Suite and
ForeClosurePoint.com.
Rich May, a Professional Corporation, a Boston business law firm,
represented Trident Capital, a national venture capital and private
equity firm focused on investments in business services, information
services and software sectors. Stephen M. Kane and Robert P. Tedesco led the Rich May team on this engagement.
About DepotPoint, Inc.
Headquartered in Bellevue, Washington, DepotPoint is bringing new
efficiencies to the foreclosure markets, which aim to improve the
management of real estate portfolios that are in default. The company’s
TrackPoint Application Suite offers a range of Web-based innovations
that help the entire lending ecosystem mitigate risk, accelerate the
sale of foreclosed property, and improve visibility across the entire
foreclosure process. The company is privately held and was found by
technology veterans from Microsoft, InfoSpace and experienced trustees
from national foreclosure firms. For more information about the company
and its products, visit www.depotpoint.com.
About Trident Capital
Trident Capital is a leading venture capital and private equity firm
with over $1.5 billion of capital under management, including $400
million raised in its most recent fund, Trident Capital Fund VI.
Trident’s core investment focus has remained consistent since inception
in 1993. Trident focuses on investments in the business services,
information services and software sectors across a variety of
industries. Within its sector focus, Trident invests across multiple
stages, including traditional venture capital investing as well as
investments in micro-cap public companies, buyouts and consolidation
platforms. The firm has made over 120 investments since inception.
Trident has investment offices in Palo Alto, Calif. and Westport, Conn.
For more information, visit the firm’s website at www.tridentcap.com.
About Rich May
Rich May’s diverse practice embraces the organization and operation of
business ventures, venture capital, private placements, hedge funds,
public offerings, technology licensing, mergers and acquisitions,
contracts, joint ventures, internet and e-commerce law, employee
relations, intellectual property, litigation and dispute resolution,
energy, telecommunications, public utilities, wealth planning and real
estate. Rich May provides superior legal and strategic counsel through
its extraordinary commitment to clients’ success, outstanding
professional competence and straightforward ability to communicate.
Rich May embraces an entrepreneurial spirit and maintains a mission
execution culture that distinguishes Rich May from other law firms.
Rich May combines the stability and experience of one of Boston’s
oldest preeminent law firms with the innovative spirit and energy of a
venture catalyst intensely focused on serving high-tech entrepreneurs,
emerging companies and investors in New England and throughout the
United States.
For more information, visit www.richmaylaw.com.
