Market Overview

Polaris Growth Fund Makes Strategic Investment in Iridium Technology


Iridium Technology, a leading software platform for law firm financial
and performance management, has received a significant growth investment
from Polaris Growth Fund, an affiliate fund of Polaris Partners, a
Boston-based private investment firm with two decades of technology
investing experience.

Founded by Tom Jones and Martin Vizner, Iridium was built from the
ground up to serve the business intelligence needs of law firms. The
company's platform provides a growing suite of modules that connect
disparate data sources within the law firm, render a "single version of
the truth," provide actionable business intelligence and analytics, and
ultimately drive financial performance improvement and workflow

"We are thrilled to partner with Polaris to help us to continue on our
high growth path," said Tom Jones, founder and Chief Executive Officer
of Iridium. "We pride ourselves on leveraging deep legal technology
domain expertise to deliver a robust, highly configurable suite with
superior customer service. Having the backing of Polaris is incredibly
exciting for Iridium as well as our customers, because we now have the
added resources to help us achieve our shared vision of creating a
best-in-class law firm management platform."

"Tom and Martin have built a unique business that is a perfect fit for
the Polaris Growth strategy," said Dan Lombard, a Partner at Polaris,
who will be joining Iridium's Board of Directors along with Sabrina
Chiasson, a Vice President at Polaris. "The company has seen significant
demand for their solution and delivered outstanding customer value and
retention. We are excited to help support the team to drive product
innovation and to expand the offering over time."

About Iridium Technology

The Iridium platform offers a complete business intelligence solution
designed specifically for legal and professional services firms. Four
modules are available: Revenue, Profit, GL+Expense, and Matter
Budgeting. Each module consists of a full-featured cube and a complete
set of high-performance dashboards. Iridium works with the Elite
Enterprise, Elite 3E, and ADERANT Expert practice management systems.
The solution was designed based on Iridium's 70,000+ hours of Legal BI
experience. All content can be customized based on the firm's business
practices, terminology, and financial calculations. Over 75 leading
global law firms have signed up with Iridium, ranging from 40
timekeepers to over 3,000.

About Polaris Partners

Polaris Partners has a 20-plus-year history of partnering with repeat
entrepreneurs and world-class innovators who are improving the way we
live and work. The multibillion-dollar firm manages specialty and
diversified funds in healthcare and technology with investments across
all stages. Polaris has offices in Boston and San Francisco. Learn more

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