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.