RenewData Completes Internal Round of Funding to Support Continued Rapid Growth

Discovery Company Experiences 147% Growth in Demand of Data Processed

AUSTIN, Texas - March 21, 2007 - RenewData, a leader in discovery services for law firms and corporations, announced today that it had raised $5 million in a Series D financing from existing investors ABS Capital Partners and CIBC Capital Partners. Since its previous financing in August 2006, the Company has named Ellery Buchanan, an experienced executive, as CEO; recruited several new senior managers; enhanced its board of directors—all while experiencing significant growth. The capital will be used to support management's forward plan—including planned investments in technology, quality initiatives, and sales & marketing.

"We have implemented a number of changes, including an experienced team of discovery professionals, and we are continuing to invest in the technological infrastructure. We are highly focused on continued improvements in both speed and quality for our customers, and further solidifying our position as a leader in our market." said Ellery Buchanan, CEO of RenewData.

With the amount of data processed by RenewData more than doubling from 2005 to 2006, the Company recently expanded its Austin, Texas corporate headquarters. The increase of 8,000 square feet brings the total administrative and processing space to 43,000 square feet. Proceeds from the funding round will allow RenewData to scale both physically and technologically in order to meet the demands of their clients.

"RenewData has aligned their services around the discovery process, from identification to production" said George Socha of Socha Consulting, "They have been ranked as one of the top five electronic discovery service providers in our Socha-Gelbmann Electronic Discovery Survey report for the last two years, and appear to be focused on continuing to enhance their discovery services in order to meet the needs of their customers."

RenewData's customer-centric approach has also included hiring a number of legal and technical experts, making their employees a powerful resource for their customers. As a result of their strategy, 2006 held a great deal of success:

• Selected as one of the top electronic discovery providers in the 10th Annual AmLaw Tech Survey.
• Ranked as a "Top 5" electronic discovery service provider for the second year in a row by the Socha-Gelbmann Electronic Discovery Survey Reports for 2005-2006
• 247% increase in amount of data processed from 7.4 petabytes in 2005 to 18.3 petabytes in 2006
• Ranked 135th in the Inc. 500 fastest-growing privately held companies in the U.S.
• Named as 2nd fastest-growing private company in Central Texas by the Austin Business Journal for the second year in a row in the more than $10 million in revenue category

With the electronic discovery market predicted to grow 47% in 2007 according to Socha Consulting, RenewData anticipates further growth in their core market as well as adding new, complementary services for their customers.

About RenewData

RenewData is a leading provider of e-discovery and ESI (electronically stored information) risk management services to assist corporations and law firms responding to lawsuits, investigations, and audits. Superior legal expertise, scalable technology, and a state-of-the-art facility featuring government level physical security enable RenewData to provide clients with secure, accessible, and manageable data in a cost effective and timely manner. RenewData's e-discovery services cover the five critical steps of the e-discovery process, including planning, preservation and collection, processing, review, and production. RenewData's ESI risk management services, which include backup tape liability management, data migration, and evidence storage, provide corporations with a proactive means of managing the risks associated with ESI. RenewData has been ranked a "top provider" in the Socha-Gelbmann Electronic Discovery Survey Report for four consecutive years and was ranked in the 2006 and 2007 Inc. 500 lists of fastest-growing privately held companies in the U.S. For more information, visit www.renewdata.com or call 888.811.3789.

Copyright © 2008 Renew Data Corp. All rights reserved. RenewData, the sphere logo, ActiveVault, and "Evidence. Not Data." are registered trademarks. ESIRM, BTLM, and single-pass processing are trademarks of Renew Data Corp. RenewData disclaims any proprietary interest in the marks and names of others.

Contact

RenewData: Diane Block | Sr. Director, Corporate Marketing | 512.276.5500 | dblock@renewdata.com

Lois Paul & Partners: Erin Hanley | Account Manager | 512.638.5309 | erin_hanley@lpp.com