Document Management

SmartVault, which makes online document storage, has received $4.5 million in second-round funding. The investors include the founders of CyrusOne and original investors in Softlayer. The company said the capital will enable it to accelerate development of its core offering and to scale operations to support its integration of the online storage capability with Intuit's Lacerte and ProSeries professional tax preparation products.

The Houston, Texas-based company said development will focus on further streamlining workflow for accountants, along with expanding platform support and an investment in what it called an open application programming interface platform that supports the third-party software companies that are integrating SmartVault inside their applications. Also training and customer support teams are being expanded.

In a prepared statement, CEO Erik Pulaski said, "Today's services-based businesses aren't looking for a one-size-fits-all document storage solution, but rather, they want solutions that are tuned and optimized for their day-to-day document workflow—so their data is accessible when they need it and from any platform, device, or application that they are using.

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