Clio (software Company)
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Clio (software Company)
Clio is a legal technology company headquartered in Burnaby, British Columbia. Clio offers law firms Cloud computing, cloud-based software that handles various law practice management tasks including Lawyer#Client intake and counseling (with regard to pending litigation), client intake, contact management, calendaring, document management, timekeeping, billing, and Trust law, trust accounting.   History  Clio was established in 2007 by Jack Newton and Rian Gauvreau, who felt that the software commonly in use by law firms at the time was too expensive and difficult to use. When the company launched their software in 2008, it was the first cloud-based Law practice management software, practice management software developed for law firms. In 2012, Clio's Series B raised $6 Million. At the time, this investment was the second-largest ever made in a British Columbia-based internet company.  The company also made the first version of their Application Programming Interface ava ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and service ...
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Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to start-up company, startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for Equity (finance), equity, or an ownership stake. Venture capitalists take on the risk of financing risky Startup company, start-ups in the hopes that some of the firms they support will become successful. Because Startup company, startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovation, innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture c ...
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Software Companies Established In 2008
Software is a set of computer programs and associated documentation and data. This is in contrast to hardware, from which the system is built and which actually performs the work. At the lowest programming level, executable code consists of machine language instructions supported by an individual processor—typically a central processing unit (CPU) or a graphics processing unit (GPU). Machine language consists of groups of binary values signifying processor instructions that change the state of the computer from its preceding state. For example, an instruction may change the value stored in a particular storage location in the computer—an effect that is not directly observable to the user. An instruction may also invoke one of many input or output operations, for example displaying some text on a computer screen; causing state changes which should be visible to the user. The processor executes the instructions in the order they are provided, unless it is instructed ...
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Companies Based In Burnaby
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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Cloud Computing Providers
In meteorology, a cloud is an aerosol consisting of a visible mass of miniature liquid droplets, frozen crystals, or other particles suspended in the atmosphere of a planetary body or similar space. Water or various other chemicals may compose the droplets and crystals. On Earth, clouds are formed as a result of saturation of the air when it is cooled to its dew point, or when it gains sufficient moisture (usually in the form of water vapor) from an adjacent source to raise the dew point to the ambient temperature. They are seen in the Earth's homosphere, which includes the troposphere, stratosphere, and mesosphere. Nephology is the science of clouds, which is undertaken in the cloud physics branch of meteorology. There are two methods of naming clouds in their respective layers of the homosphere, Latin and common name. Genus types in the troposphere, the atmospheric layer closest to Earth's surface, have Latin names because of the universal adoption of Luke Howard' ...
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Legal Software
Law is a set of rules that are created and are law enforcement, enforceable by social or governmental institutions to regulate behavior,Robertson, ''Crimes against humanity'', 90. with its precise definition a matter of longstanding debate. It has been variously described as a Social science#Law, science and as the art of justice. State-enforced laws can be made by a group legislature or by a single legislator, resulting in statutes; by the executive through decrees and regulations; or established by judges through precedent, usually in common law jurisdictions. Private individuals may create legally binding contracts, including arbitration agreements that adopt Alternative dispute resolution, alternative ways of resolving disputes to standard court litigation. The creation of laws themselves may be influenced by a constitution, written or tacit, and the rights encoded therein. The law shapes politics, economics, history and society in various ways and serves as a mediator of ...
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Legal Technology
Legal technology, also known as Legal Tech, refers to the use of technology and software to provide legal services and support the legal industry. Legal Tech companies are often startups founded with the purpose of disrupting the traditionally conservative legal market. Different approaches and technologies have been used for legal tasks. Traditional software architecture and web technologies have been used for tasks like providing access to case law. Machine learning approaches have been used to help find documents for due diligence or discovery. Work on making contracts more easy to use involve aspects of user experience design. Definitions Legal technology traditionally referred to the application of technology and software to help individual lawyers, law firms, medium and large scale businesses with practice management, document automation, document storage, billing, accounting and electronic discovery. Since 2011, Legal Tech has evolved to be associated more with tech ...
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TCV (investment Firm)
TCMI, Inc. better known by the name TCV (Technology Crossover Ventures) is an American investment firm based in Menlo Park, California. The firm mainly invests in public and private growth-stage companies in the technology industry. Background TCV was founded in 1995 by Richard H. Kimball and Jay Hoag. The firm is headquartered in Menlo Park with additional offices in New York and London. In 2021, the firm founded TCV Acquisition, a Special-purpose acquisition company with no commercial operations. It was formed to raise capital to acquire private companies. On 14 April, it was listed on the Nasdaq under the ticker 'TCVA' and raised $350 million. The typical size of an investment that TCV makes in companies ranges from $3 million to $300 million. As of 2020, TCV has invested over $13 billion in over 350 companies. Funds Notable investments * Altiris * Airbnb * ByteDance * Dollar Shave Club * ExactTarget * Expedia * Facebook * Fandango * Fuze * GoDaddy * GoFun ...
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Acton Capital Partners
Acton Capital (Acton Capital Partners) is an international venture capital fund, founded in Munich (Germany) and investing in tech-enabled startup companies in Europe and North America. History As one of the first venture capital funds in Europe, Acton Capital invested in startups of the early Digital Economy. The first investment was online auction platform Alando in Germany, acquired by eBay in 1999 for $43 million. In November 2019, Acton Capital announced the closing of its fifth fund "Acton V" at $215 million. Investments and exits Acton Capital's investment focus is on tech-enabled business models like platforms, software as a service (SaaS) or online marketplaces and in fields such as financial technology (fintech), mobility, healthcare and Direct-to-consumer or recommerce. Exited investments include online marketplace AbeBooks - acquired by Amazon in 2008, online retailer of pet supplies zooplus - IPO in 2008, luxury fashion platform mytheresa.com - acquired ...
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Bessemer Venture Partners
Bessemer Venture Partners (Bessemer) is an American venture capital firm. The firm has over $19 billion under management and invests globally, with offices in San Francisco, Redwood City, New York City, Boston, Israel, India, and London. Bessemer has funded technology companies including Shopify, Twitch, LinkedIn, Pinterest, Yelp, Wix, Skype, Procore, DocuSign, Bumble, Canva, Twilio, Diapers.com, Periscope, Fiverr, Discord, Box, Mindbody, Lifelock, RocketLab, Bright Health Group, Pager Duty, Piazza, Toast, Inc., and Blue Apron. History In 1911, Henry Phipps, a co-founder of Carnegie Steel, established Bessemer Securities as a family office. In 1974, Bessemer Securities expanded beyond immediate family management and the venture capital firm, Bessemer Venture Partners, was created. In 1975, Bessemer Venture Partners opened an office in Silicon Valley Silicon Valley is a region in Northern California that serves as a global center for high technology a ...
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Burnaby, British Columbia
Burnaby is a city in the Lower Mainland region of British Columbia, Canada. Located in the centre of the Burrard Peninsula, it neighbours the City of Vancouver to the west, the District of North Vancouver across the confluence of the Burrard Inlet with its Indian Arm to the north, Port Moody and Coquitlam to the east, New Westminster and Surrey across the Fraser River to the southeast, and Richmond on the Lulu Island to the southwest. Burnaby was incorporated in 1892 and achieved its city status in 1992. A member municipality of Metro Vancouver, it is British Columbia's third-largest city by population (after Vancouver and Surrey), and is the seat of Metro Vancouver's regional district government. 25% of Burnaby's land is designated as parks and open spaces, one of the highest in North America. The main campuses of Simon Fraser University and the British Columbia Institute of Technology are located in Burnaby. It is home to high-tech companies such as Ballard Power ...
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Application Programming Interface
An application programming interface (API) is a way for two or more computer programs to communicate with each other. It is a type of software interface, offering a service to other pieces of software. A document or standard that describes how to build or use such a connection or interface is called an ''API specification''. A computer system that meets this standard is said to ''implement'' or ''expose'' an API. The term API may refer either to the specification or to the implementation. In contrast to a user interface, which connects a computer to a person, an application programming interface connects computers or pieces of software to each other. It is not intended to be used directly by a person (the end user) other than a computer programmer who is incorporating it into the software. An API is often made up of different parts which act as tools or services that are available to the programmer. A program or a programmer that uses one of these parts is said to ''call'' th ...
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