NetDocuments Names New CEO, Receives $25M Investment

Cloud-based document and email management provider NetDocuments has announced that Matt Duncan has taken the helm as the company's new chief executive officer.

This comes shortly after NetDocuments announced a $25 million investment from Frontier Capital to capture market share in the legal technology industry. Duncan was selected to lead the company in its future growth efforts.

Duncan has been with NetDocuments for more than 10 years, serving in a variety of positions including sales, management, and business development, most recently serving as the General Manager for the UK/EMEA region. As the General Manager, he was able to establish regional data centers and implementation teams in the United Kingdom, further expanding NetDocuments’ international efforts.

“The legal technology landscape is seeing dramatic shifts towards cloud-based applications, specifically document management, and increasingly, firms are moving towards NetDocuments cloud-based service over traditional, legacy-based systems in order to enhance technology and modernize business operations,” said Duncan. “Frontier Capital’s investment is a validation of the opportunity NetDocuments has to capitalize on gaining market share in the coming years.”

Frontier Capital’s investment will allow Duncan to focus efforts on marketing and sales while continuing fast paced product development and functionality of the service. “We’re extremely excited to be partnered with a company we believe to be at the forefront of modern document management in the technology space,” Michael Ramich, Partner at Frontier Capital Stated. “Matt has the experience and drive that we look for in a CEO who will be able to manage accelerated growth as firms recognize the power of an established cloud-based service built for … ” service based firms like legal and accounting professionals.